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August 7, 2023 · earnings

XGN earnings: a positive outcome, +8.8%

On August 7, 2023, Exagen Inc. reached its earnings. The result was a positive outcome, and the stock moved +8.8% in the window around the event. It had already run -11.3% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$2.51
1d before
$2.73
Event day
$2.77
1d after
$2.56
5d after

Pre-catalyst setup

-11.3%
30-day run-up
3881%
30-day volatility
0.5×
volume spike