Two boxes are checked on NVE Corporation's 8-K today. Item 2.02 covers results of operations. Item 8.01 covers other material events.
$NVEC -18.07% on the evening tape.
The after-hours crowd is arguing about the first box. Nobody in our feed can describe the second. We see the item number, not what the company put under it. Alongside its numbers, the company chose to file something as an "other material event." Until that is read, every hot take is grading half a filing.
The closest history is cross-stock and imperfect: 381 earnings days when a company reported before the open and opened 15% or more below the prior close. Those sessions closed below their own open 51% of the time and above it 48%. The median open-to-close move was -0.39%. An evening print is not an opening gap, so this is a reference, not a match. Even on its own terms, it is close to a coin.
The move has been priced. The second item has not been read. Those are different jobs, and only one of them belongs to you tonight.