Recaps · September 28, 2026

LABT, September 28: an 8:02 headline, $3.77 by 8:13, and $1.13 at 3:59

• Small cap
• Momentum
• Main move: pre-market
• Catalyst: news
• Float traded 7x
• Gap and fade
• Lower high

Float

2.25 million shares

Volume

16.14 million shares

Previous close

$1.67

Open

$2.06 (up 23.4%)

High

$3.77 at 8:13 a.m.

Close

$1.13

Before the headline

The official previous close was $1.67. Before 8:02 a.m. this stock barely traded. From 4:00 a.m. to 7:34 a.m., about a thousand shares changed hands, all between $1.61 and $1.68.

At 8:02 a.m. PRNewsWire ran: “Lakewood-Amedex Biotherapeutics Announces Positive Data Against Recent Clinical Isolates from Infected Diabetic Foot Ulcers”. The 8:02 minute alone ran from a low of $1.67 to a high of $2.06, so it traded through $2.00 in the very first minute of the news.

8:02 to 8:13: the run

From $1.76 at 8:03 it ran to $3.57 at 8:05, up 103%. It crossed $3.00 for the first time in that 8:05 minute. By 8:07, more shares had traded than exist in the whole float (2.25 million).

Then it dipped to $2.53 at 8:07, down 29% from $3.57. It ran again, to $3.68 at 8:11, up 45%.

The high so far was $3.77 at 8:13, still before the bell.

The fade and the wall at $2.21

At 8:17:37 one sell order swept 43,047 shares through 12 price levels, from $3.25 to $3.14. By 8:18 it traded as low as $2.50, and at 8:23 it hit $2.23, down 41% from the $3.77 high.

After the $3.77 top, the next push stopped at $3.41 at 8:15, before the 8:17 sweep. At 8:29 it pushed to $2.64, another lower high under the $3.77 top. By 8:39 it was near $2.20.

At 8:40:11, someone was bidding for 73,199 shares at exactly $2.21, about 3% of the float. In the next second a 48,658-share trade printed at $2.21 and a sell order swept 62,172 shares from $2.24 to $2.20. The bid at $2.21 stayed on the book.

At 8:42:38 trades began printing at $2.21. In 4.2 seconds, the last 29,891 shares traded at $2.21 and the wall was gone. Sellers hit it. The 8:42 minute closed at $2.14.

The open and the walls above and below

From 8:43 to 9:07 it drifted between about $2.05 and $2.24. At 9:08 a buy order swept 28,866 shares from $2.12 to $2.21, and the 9:08 minute topped at $2.25. At 9:26 a sell order swept 47,176 shares from $2.01 to $1.97.

It opened at $2.06, up 23% from the previous close. A bid wall at $1.93 had appeared at 9:27:18 and peaked at 55,088 shares (2.5% of the float) at 9:30:30. It was pulled at 9:31:13.

The price held near $1.95 until 9:41. Then the 9:41 minute fell to $1.74 on 201,244 shares. At 9:56:23 an ask wall appeared at $1.71. It peaked at 116,589 shares at 9:56:44, 5.2% of the float.

It kept falling. A 23,000-share trade printed at $1.59 at 9:57:19, and a sell order swept 36,554 shares from $1.61 to $1.59. At 9:58 the low was $1.54. The wall at $1.71 was pulled at 10:01:30, and the 10:01 minute hit $1.33.

The 10:05 minute dropped to just under $1.24 on 162,482 shares, with a 23,801-share trade at $1.25. It reached just over $1.20 at 10:07. After that it went quiet. It mostly traded between $1.27 and $1.41 until early afternoon.

The afternoon and the close

Volume dried up. By mid-afternoon it was trading near $1.21 to $1.27. At 3:46 p.m. the price broke down to $1.11, and the low after the open came at 3:47 p.m., just over $1.10. A bid wall at $1.10, first seen at 10:11:32, had grown to 49,935 shares by 3:57 p.m.

Late in the day, ask walls stacked above: 66,812 shares at $1.17 and 76,095 shares at $1.16. The last regular-session minute, 3:59 p.m., closed at $1.13, 70% below the $3.77 high.

Before the bell 13.19 million shares traded. The regular session added 2.54 million. Through the close, 15.73 million shares had traded: the float changed hands about 7 times. Relative volume for the whole day was about 23.5.

After hours

After the close, 405,942 more shares traded. At 5:49 p.m. the company filed an 8-K (a current report). At 6:12 p.m. the stock touched $1.30. By 7:50 p.m. it was back at $1.10.

What to take from it

• The whole move happened before 8:15 a.m., and none of it held. The high was $3.77 at 8:13 a.m. By 3:59 p.m. it was $1.13.
• After the top, each push stopped lower. $3.77 at 8:13 a.m., $3.41 at 8:15 a.m., then $2.64 at 8:29 a.m.
• A wall on the book is not a floor or a ceiling. The $2.21 bid took four seconds to clear, and the 116,589-share ask wall at $1.71 was pulled while the price kept falling.