How did COTY's Q3 2024 earnings surprise impact short-term trading?

COTY's Q3 2024 earnings surprise had a mixed impact on short-term trading. While the 3-Day win rate was 50%, indicating that half of the time the stock price declined in the short term following the earnings release, the 10-Day and 30-Day win rates were higher at 50% and 62.5%, respectively. This suggests that while there was some volatility in the immediate aftermath of the earnings release, the stock price tended to recover in the medium term. The maximum return observed following the earnings release was 14.36%, which occurred on day 32 after the earnings release, indicating that there was potential for significant gains in the short term if investors held their position for an extended period.