Click to view the earnings moves in ANGO
ANGO Drops 12.2% After Earnings—Will History Repeat Itself?
Angiodynamics (NASDAQ: ANGO) just released its fiscal Q2 earnings, and the market's reaction was swift and harsh. The stock tumbled -12.2% to $11.57 as investors digested both strong Med Tech growth and news that longtime CEO Jim Clemmer will retire next year. But does this sharp move really come as a surprise for those watching ANGO’s historical responses to earnings?
Earnings Recap & Key Catalysts
Let's start with the highlights: Angiodynamics delivered 8.8% YoY revenue growth and continued double-digit Med Tech performance, raising guidance for both net sales and Adjusted EBITDA for the remainder of fiscal 2026. The Company also notched three regulatory wins, including new FDA clearances, and ended the quarter with a healthy $41.6 million in cash, debt-free. Despite these positives, markets appeared fixated on future uncertainty and the CEO transition.
ANGO’s Typical Earnings Day Playbook
Is the current double-digit drop out of the ordinary for ANGO stock on earnings days? To answer this, let's look at the data from the past 12 quarters:
| Stock Performance | Earnings Move | Open Gap | Open to High | Open to Low | Open to Close |
|---|---|---|---|---|---|
| Average Return | -0.2% | +2.8% | +5.2% | -8.7% | -3.3% |
| % of Moves Up | 41.7% | 58.3% | 25.0% | ||
| % of Moves Down | 58.3% | 41.7% | 66.7% |
What stands out? The stock tends to be a wild ride on earnings days, with average moves to the low of the day hitting nearly -8.7% and only 41.7% of earnings sessions finishing in the green. The average open-to-close slide is -3.3%, illustrating a tendency for further weakness as the day unfolds.
How Big Are ANGO’s Earnings Moves—Really?
To get a sense of volatility, here’s how the absolute size of ANGO’s earnings moves stack up (regardless of direction):
| Stock Performance | Earnings Move | Open Gap | Open to High | Open to Low | Open to Close |
|---|---|---|---|---|---|
| Absolute Average Return | 14.9% | 12.2% | 5.2% | 8.7% | 6.6% |
| Max Absolute Return | 37.7% | 25.1% | 12.5% | 17.9% | 17.6% |
| Min Absolute Return | 1.7% | 3.7% | 0.2% | 0.8% | 0.0% |
With an absolute average move of 14.9%, today’s decline is right in line with what options traders were expecting (implied ±15.5% move)—and with ANGO’s recent history for large swings on earnings days.
Want to dig in deeper? You’ll find the detailed quarterly breakdown here: ANGIO Earnings Historical Stock Performance.
What Happens After the Earnings Dust Settles?
If you’re thinking of bottom-fishing, here’s what the historical data says about ANGO’s post-earnings performance:
| Stock Performance | 1 Day After Earnings | 2 Days After Earnings | 3 Days After Earnings | 1 Week After Earnings | 2 Weeks After Earnings |
|---|---|---|---|---|---|
| Average Return | 0.0% | -2.5% | -3.1% | -2.6% | -2.9% |
| % of Moves Up | 27.3% | 36.4% | 27.3% | 27.3% | 27.3% |
| % of Moves Down | 72.7% | 63.6% | 72.7% | 72.7% | 72.7% |
After earnings, ANGO has historically continued to drift lower, with 72.7% of the next-day moves to the downside and continued weakness out to two weeks. Based on historical averages, a post-earnings rebound has been rare.
Options Market and Today’s Hot Contract
Today's volatility was foreshadowed by active options trading—2,112 contracts, well above normal. The most actively traded single-leg option was the 16-Jan-26 15 Call contract:
| Option Contract | 16-Jan-26 15 C |
|---|---|
| Volume | 820 |
| VWAP price | 0.05 |
| Open interest | 945 |
| Yesterday's closing price | 0.43 |
This suggests some traders are looking for a bounce above $15 by next January, but with the call’s value cratering alongside the stock, optimism in the near-term looks muted.
Takeaway for Investors
While Angiodynamics’ business is showing real progress and management is gaining confidence in its outlook, the market has spoken loudly—at least for today. For investors hoping for a quick rebound after a big earnings drop, ANGO’s history suggests caution. Most post-earnings stretches have favored more downside, not less. Options traders might see an opportunity in high risk/high reward plays, but the odds have historically favored the bears.
Curious to see how each quarter stacks up? Check the full breakdown and interactive charts here: ANGO Historical Stock Performance Around Earnings.
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