Recaps · September 23, 2026

ONCO, September 23: a quiet day, then two halts and $1.15

• Small cap
• Momentum
• Main move: the afternoon
• No news in our data
• Round-number break
• Halted twice
• Bid wall eaten
• Float traded 2x

Float

4.38 million shares

Volume

11.33 million shares

Previous close

$0.6831

Open

$0.6796 (up 0.5%)

High

$1.15 at 3:24 p.m.

Halts

2 (3:07 p.m. and 3:27 p.m.)

Close

$0.9143

A quiet start

ONCO closed the day before at $0.68. On the 23rd, almost nothing traded early. The pre-market high was $0.68 at 7:23 a.m. Just 5,588 shares traded before the bell.

It opened at $0.68. Our data shows no headline for the day, so the run that followed came with no news we can point to.

The afternoon run

The stock sat near its previous close until the afternoon. Then, from $0.67 at 2:51 p.m., it ran to $0.88 at 3:02 p.m., up 30%.

At 3:07 it traded through $1.00 for the first time. From $0.76 at 3:04 p.m. it ran to $1.01 at 3:07 p.m., up 33%. At 3:07:48 it was halted (a volatility pause) with the last trade at $1.01.

The reopen and the swings above $1.00

It reopened at 3:12:48 at $0.91, 10% below where it stopped. The first print was one trade of 126,977 shares at $0.909. It fell to $0.81 at 3:12 p.m., down 20% from $1.01.

Then it swung hard. From $0.83 at 3:13 p.m. it ran to $1.05 at 3:14 p.m., up 27%. It fell to $0.84 at 3:15 p.m., down 20% from $1.05. From $0.85 at 3:16 p.m. it ran to $1.10 at 3:20 p.m., up 30%. By the end of the 3:20 p.m. minute, more shares had traded than exist in the whole float (4.38 million).

From 3:23 p.m. on, a large bid sat at exactly $1.07. By then the stock was trading near $1.10, so the bid sat just under the price.

From $1.00 at 3:21 p.m. it ran to $1.15, the high of the day, at 3:24 p.m. The next minute it dipped to $0.97.

The bid peaked at 109,894 shares at 3:24 p.m., about 2.5% of the float. From 3:24:44 to 3:24:56, 126,125 shares traded at exactly $1.07 in 11.9 seconds and the wall was gone. It wasn't pulled. Sellers hit it.

The second halt and the drop

The selling kept going. At 3:26:44 one sell order took 41,512 shares from $1.00 down to $0.97 across 39 price levels. Three seconds later another sold 47,508 shares from $0.9664 to $0.95.

At 3:26:51 an ask wall appeared at $0.92. By 3:27:01 it held 312,275 shares, about 7% of the float. At 3:27 p.m. it was halted (a volatility pause) with the last trade at $0.92.

It reopened at 3:32 p.m. at $0.90, 2% below where it stopped. The first print was 98,098 shares at $0.90. From there it fell to $0.72 at 3:37 p.m., down 38% from $1.15.

The rest of the day

It came back once more. A bid built at $0.90 from 3:58 p.m. and peaked at 115,513 shares at 3:59 p.m. At 3:59 p.m. it pushed to $0.95, a lower high under the $1.15 top.

It closed at $0.91, up 34% on the day.

For the regular session to the close, 9.92 million shares traded: the float changed hands about 2 times, at 47 times its normal volume. Another 1.40 million traded after hours.

What to take from it

• A halt can reopen lower than it stopped. The 3:07 p.m. halt stopped at $1.01 and reopened at $0.91.
• Buying right at a reopen can cost more than the screen says. At 3:12:49 the screen showed $0.89 with 59 shares, and 5,000 shares averaged $0.93.
• After the top, the next push stopped lower, and about half of the move was gone by the close. $1.15 at 3:24 p.m., then $0.95 at 3:59 p.m. It closed at $0.91, 20% below the high.