Should you buy NXPI stock before earnings?

23 April 2024, 11:54 AM

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By Dmitry Pargamanik

NXPI Shares Could Increase Ahead of Earnings

  • 9 out of the last 12 times, NXPI stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 2.5% Gains
NXPI is scheduled to report earnings on 29-Apr-2024. The last time NXP Semiconductors N.V. reported earnings on Feb 05, 2024, the stock increased by 0.9% to close at $222.04. At its current price of $225.08, NXPI post earnings drift is +1.4%. Typically, traders tended to bid up NXPI shares (heading into earnings) prior to its scheduled release.

NXPI Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves NXPI had for the last 12 quarters around earnings. The 3 day run up into earnings is notable as it shows that the stock increased 75% of the time for an average gain of 2.5%. That was actually a better bullish play than holding NXPI through earnings that saw a 1.6% gain.

NXPI historical stock price movement before earnings

Go to NXPI Historical Price Movements Around Earnings page



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