LGND
Ligand Pharmaceuticals Inc.
stock NASDAQ

Quick correction first. Last week I posted a TVTX breakdown mid-calibration that showed 65.7% PoA / HIGH STN. That was during a scoring refinement and I posted before the model was finalized. That's on me. If you sat out based on that number, I apologize. Lesson learned: don't post mid-process.
Here's where both Monday PDUFAs land on the finalized scanner:
**TVTX** — PDUFA April 13 PoA: 82.0% | STN Risk: MODERATE | Dilution: MINIMAL | Net Edge: 63.8 | Grade: STRONG
**LGND** — PDUFA April 13 PoA: 81.0% | STN Risk: MODERATE | Dilution: MINIMAL | Net Edge: 52.0 | Grade: WATCH
Both clean on EDGAR. No ATM filings, no shelf activity near the date. TVTX scores higher on net edge due to stronger setup structure. LGND's lower net edge pushes it to WATCH — approval probability is there but the trade setup isn't as clean.
Full breakdown with actual price moves after both events resolve. No more pre-event posts.
[submarinecatalyst.com](http://submarinecatalyst.com)
Model outputs are quantitative data classifications, not financial advice.

# Today is Thursday, the 26th of February
## Upcoming events for Thursday, February 26th
- Stock splits:
- FRSX @ **1:3**
- CRCA @ **1:10**
- ZSL @ **1:10**
- Expected earnings:
AAOI, ABTC, ACA, ACIW, ACLX, ACMR, ACRS, ACU, ADSK, AES, AEVA, AGO, AHR, AIRG, AKBA, ALEX, ALHC, ALT, ALTG, AMBA, AMBP, AMPH, AMWD, ANAB, ANIK, ARBE, ARGX, ARHS, ARLO, ASUR, AUPH, AVAL, AVPT, BABA, BAK, BCO, BCRX, BCSF, BDSX, BFLY, BHR, BIDU, BKSY, BLD, BLFS, BLND, BSY, BUR, BVN, BWIN, BWMX, CABO, CAI, CARS, CBIO, CCCC, CCEC, CCO, CDRO, CDXS, CELH, CERT, CGEM, CLDX, CLOV, CLPR, CM, CMBT, CMPS, CMPX, CODI, COLL, COMP, CON, CPNG, CQP, CRAI, CRNX, CRON, CRWV, CSAI, CSTL, CTKB, CTRA, CUBE, CV, DAIO, DCGO, DCI, DCO, DCTH, DEC, DELL, DFTX, DH, DNA, DNLI, DNUT, DQ, DRH, DSX, DUOL, DV, DYN, E, EB, EBS, ECVT, EFXT, EIC, ELME, EME, ENIC, ENOV, EOSE, ESTC, EVTC, EXFY, FA, FCN, FDUS, FER, FGBI, FIGR, FIGS, FIP, FLOC, FLUT, FOUR, FOXF, FTDR, FTRE, FWONA, FWONK, GBTG, GCT, GDEN, GDOT, GHI, GHRS, GIL, GLDG, GLOB, GOCO, GOLF, GPCR, GREE, GRND, GSBD, GTN, GTN.A, HAFN, HEPS, HGTY, HGV, HLN, HMR, HPP, HRL, HRTX, HTZ, IART, IBOC, IBP, ICFI, ICG, IMNN, IMPP, INDV, INOD, INSW, INTU, INTZ, INV, IPWR, IQ, IRON, JANX, JCAP, JSPR, KBR, KIDS, KIDZ, KOP, KRP, KYMR, LASR, LBRDA, LBRDK, LBRX, LGND, LIF, LIMN, LIND, LLYVA, LLYVK, LNG, LNSR, LNTH, LOAR, LONA, LSTA, MAIN, MARA, MASI, MBI, MCS, MDRR, MDXH, MESO, MFIC, MIDD, MLCI, MNKD, MNST, MP, MRP, MSDL, MTZ, NATL, NAUT, NCDL, NCMI, NEXA, NEXM, NHC, NHI, NLOP, NMAX, NNI, NOEM, NOMD, NRDY, NREF, NTAP, NTLA, NTRA, NU, NUVL, NVAX, NVCR, NVNO, NXST, ONC, OPK, OPRA, OPRT, ORGO, OS, OSPN, PAR, PAYO, PBA, PBFS, PBYI, PCRX, PCT, PEG, PENN, PGNY, PHAT, PLTK, PRAA, PRGO, PRKS, PRM, PRMB, PRVA, PSBD, PSHG, PSNL, PUBM, PZZA, Q, QBTS, QVCGA, RAIN, RBNE, RC, RCKT, REAL, RKLB, RKT, RLAY, RLJ, ROCK, RUN, RXT, RY, RYTM, SBAC, SBR, SEER, SG, SHAK, SHEN, SITC, SJM, SLN, SMP, SMR, SNDX, SOC, SOLV, SOUN, SPT, SRE, STLA, STRA, STRZ, SUIG, TD, TDAY, TDW, TFX, TGLS, TGNA, TGS, TGTX, THRY, TIGO, TKC, TKNO, TLN, TNGX, TPC, TRDA, TRS, TTEC, TTRX, TV, TWI, UEIC, ULH, USAR, UUUU, VCEL, VIPS, VISN, VITL, VOXR, VRDN, VST, VTEX, VTRS, VTYX, VYX, WATT, WBD, WD, WFCF, WLDN, WPP, WRBY, WULF, WVE, WW, WWW, WYFI, XENE, XNCR, XPOF, XRAY, XYZ, ZLAB, ZS
- Ex-div:
ACT, CATY, CGNX, COWS, CSPI, DIVD, EGGQ, ERNZ, FAAA, FCLO, FLDB, FMUB, FMUN, GLDY, HBDC, HCOW, KIQQ, MAR, OBIL, QQQY, SGA, TBIL, TMB, TPLS, TUGN, UFIV, ULTI, USDX, USOY, USVN, UTEN, UTHY, UTRE, UTWO, UTWY, WEEI, XBIL, YQQQ, ZHOG, ZMUN, ZTEN, ZTRE, ZTWO
- Economic events and announcements:
- 5-Year Note Auction (actual: 3.615%, previous: 3.823%)
- Crude Oil Imports (actual: 0.412M, previous: -1.132M)
- Crude Oil Inventories (actual: 15.989M, consensus: 1.800M, previous: -9.014M)
- Cushing Crude Oil Inventories (actual: 0.881M, previous: -1.095M)
- Distillate Fuel Production (actual: -0.136M, previous: 0.028M)
- EIA Refinery Crude Runs (actual: -0.416M, previous: 0.077M)
- EIA Weekly Distillates Stocks (actual: 0.252M, previous: -4.566M)
- EIA Weekly Refinery Utilization Rates (actual: -2.4%, previous: 1.6%)
- FOMC Member Barkin Speaks
- Fed Schmid Speaks
- Gasoline Inventories (actual: -1.011M, previous: -3.213M)
- Gasoline Production (actual: -0.223M, previous: 0.290M)
- Heating Oil Stockpiles (actual: -0.119M, previous: 0.362M)
- MBA 30-Year Mortgage Rate (actual: 6.09%, previous: 6.17%)
- MBA Mortgage Applications (actual: 0.4%, previous: 2.8%)
- MBA Purchase Index (actual: 149.7, previous: 157.1)
- Mortgage Market Index (actual: 340.2, previous: 339.0)
- Mortgage Refinance Index (actual: 1,432.9, previous: 1,375.9)
## Upcoming events for Friday, February 27th
- Stock splits:
- SOLT @ **1:20**
- PTRVF @ **1:4**
- FNRN @ **105:100**
- IXHL @ **1:30**
- PLYFF @ **1:3**
- PTLE @ **1:80**
- SFHG @ **1:5**
- SF @ **3:2**
- VCIG @ **1:60**
- XRPT @ **1:20**
- Expected earnings:
ABR, AIRO, ALBT, ALDX, ALXO, AMR, AMRX, ANIP, APVO, ARAI, BFS, BRK.A, BRK.B, BTSG, CCEL, CEPO, CLMT, CRI, DCBO, DIBS, DK, DKL, DVS, ELPC, ESCA, FCUV, FDMT, FGNX, FLGT, FLNT, FORA, FRO, GASS, GIG, GLP, GOGO, GSAT, GTBP, GTLS, HE, IGC, INTT, IQST, ITRM, LGVN, NIQ, NOMA, NRP, NRT, NTHI, NTIP, NUTR, NVX, NWN, OXSQ, PRME, PSO, PTGX, RPID, RVYL, SAFX, SBLX, SCLX, SEV, SGRP, SHO, SLAI, SONM, TAC, TCPC, TEO, TMCI, TRNR, TXNM, USBC, VGZ, VIA, XXI
- Ex-div:
ACNB, AGNC, ATLCP, ATLO, BPYPM, BPYPN, BPYPO, BPYPP, CCLDO, CCNE, COLB, EFSCP, EMBC, FCNCA, FCNCO, FCNCP, FXNC, HON, IBKR, JAKK, LNKB, MARPS, MCHPP, MFICL, MGEE, MLAB, MLKN, MVBF, NWL, PANL, PFIS, POWI, POWWP, SATA, SIGIP, STEP, STRRP, TMUS, TRMK, TRS, YORW, ZIONP
- Economic events and announcements:
- 4-Week Bill Auction (previous: 3.625%)
- 7-Year Note Auction (previous: 4.018%)
- 8-Week Bill Auction (previous: 3.630%)
- Continuing Jobless Claims (consensus: 1,860K, previous: 1,869K)
- FOMC Member Bowman Speaks
- Fed's Balance Sheet (previous: 6,613B)
- Initial Jobless Claims (consensus: 217K, previous: 206K)
- Jobless Claims 4-Week Avg. (previous: 219.00K)
- KC Fed Composite Index (previous: 0)
- KC Fed Manufacturing Index (previous: -2)
- Natural Gas Storage (consensus: -36B, previous: -144B)
- Reserve Balances with Federal Reserve Banks (previous: 2.960T)
## Upcoming events for Saturday, February 28th
- Economic events and announcements:
- Atlanta Fed GDPNow (consensus: 3.1%, previous: 3.1%)
- CFTC Aluminium speculative net positions (previous: -2.7K)
- CFTC Copper speculative net positions (previous: 59.3K)
- CFTC Corn speculative net positions (previous: -7.8K)
- CFTC Crude Oil speculative net positions (previous: 141.3K)
- CFTC Gold speculative net positions (previous: 159.9K)
- CFTC Nasdaq 100 speculative net positions (previous: 24.4K)
- CFTC Natural Gas speculative net positions (previous: -185.8K)
- CFTC S&P 500 speculative net positions (previous: -177.8K)
- CFTC Silver speculative net positions (previous: 24.0K)
- CFTC Soybeans speculative net positions (previous: 191.8K)
- CFTC Wheat speculative net positions (previous: -55.1K)
- Chicago PMI (consensus: 52.4, previous: 54.0)
- Construction Spending (previous: 0.5%)
- Core PPI (consensus: 0.3%, previous: 0.7%)
- Core PPI (previous: 3.3%)
- PPI (consensus: 0.3%, previous: 0.5%)
- PPI (previous: 3.0%)
- PPI ex. Food/Energy/Transport (previous: 0.4%)
- PPI ex. Food/Energy/Transport (previous: 3.5%)
- U.S. Baker Hughes Oil Rig Count (previous: 409)
- U.S. Baker Hughes Total Rig Count (previous: 551)
^^^^2026-02-26