How did SOUN's Q1 2024 earnings surprise impact short-term trading?

SOUN's Q1 2024 earnings surprise had a negative impact on short-term trading, with the 3-day win rate being 28.57% and the 10-day win rate being 42.86%. The stock experienced a 3-day return of -8.53% and a 10-day return of -10.24%, indicating significant selling pressure in the immediate aftermath of the earnings release. However, the 30-day return was positive at 4.72%, suggesting that investors may have regained confidence in the stock in the longer term. The maximum return during the backtested period was 36.32%, which occurred on day 78 after the earnings release, indicating that while there was potential for gains, they were not realized in the immediate aftermath of the earnings surprise.