How did MRNA's Q1 2024 EPS surprise impact short-term trading?

MRNA's Q1 2024 EPS surprise had a negative impact on short-term trading, with the 3-day win rate being 12.50% and the 10-day win rate being 0.00%, indicating that the stock price declined in the short term following the earnings release. The 3-day return was -5.21%, and the 10-day return was -7.66%, suggesting that investors who took short positions on MRNA after the earnings beat expectations experienced losses in the immediate aftermath of the earnings release. The maximum return during the backtested period was 14.44%, which occurred on day 79 after the earnings release, indicating that there was a potential for recovery in the longer term.