How did PRA's Q2 earnings surprise impact short-term traders?
4/4/2025 08:20pm
PRA's Q2 earnings beat expectations had a mixed impact on short-term traders. While the 3-day win rate was high at 70%, indicating positive momentum in the immediate aftermath of the earnings release, the 10-day and 30-day win rates were lower at 30% and 40%, respectively. This suggests that while short-term traders may have benefited from the positive sentiment surrounding the earnings beat, they faced increasing volatility and some downside risk in the days following the release.