Recaps · September 30, 2026

BIYA, September 30: results after the close, the $3.00 wall, and $3.18

• Small cap
• Momentum
• Gap, run and fade
• Catalyst: results
• Round-number break
• Float traded 6x

News

PRNewsWire, the day before at 4:28 p.m.

Float

787,731 shares

Volume

4.88 million shares

Previous close

$2.05

Open

$2.45 (up 19.5%)

High

$3.18 at 9:45 a.m.

Close

$2.00

The day before

On September 29, BIYA traded between $2.00 and $2.74 and closed at $2.05.

The news came after the close. At 4:28 p.m., PRNewsWire ran: “Baiya International Group Inc. Announces First Half of Fiscal Year 2026 Financial Results.” The last bar of that evening was $2.50.

Pre-market: the float traded by 4:33 a.m.

The first trades on the 30th were at $2.48, already above the $2.05 close.

From $2.48 at 4:00 a.m. it ran to $2.67, first reached at 4:13 a.m., the pre-market high. 1.51 million shares traded before the bell.

By 4:33 a.m., more shares had traded than exist in the whole float (787,731).

The price did not hold. A 16,667-share sell order went through nine price levels at 5:15:03 ($2.36 to $2.28), and the pre-market low was $2.25 at 5:15. By 9:28 it was back at $2.46.

The open

It opened at $2.45, up from the $2.05 close. The first minute traded 16,295 shares. The open did not lead to a run. It slid to $2.30 by 9:34 and was back at $2.43 by 9:42.

The wall at $3.00

From 4:26 a.m. on, someone was offering stock at exactly $3.00. It peaked at 37,170 shares at 9:34 a.m., about 5% of the float. The stock was trading around $2.30 to $2.40 in that minute, well below it.

Here's what happened. In the 9:43 minute, volume jumped to 179,602 shares. At 9:43:13 a 21,116-share buy order swept four levels, $2.48 to $2.51. The minute hit $2.90 and closed at $2.74. The 9:44 minute traded 211,180 shares and closed at $2.91.

At 9:45:18 trading at $3.00 began. In 6.7 seconds, 33,199 shares traded at exactly $3.00 and the wall was gone. It wasn't pulled. Buyers ate it.

The high of the day, $3.18, came in the 9:45 minute. That minute traded 314,028 shares. At 9:46:17 a 15,677-share sell order went through seven levels, $3.02 to $2.96, and the 9:46 minute dipped to $2.80.

The lower high

It tried once more. At 9:48:10 a 20,209-share buy order swept $2.99 to $3.01. Three seconds later a 15,152-share sell order went through ten levels, $3.02 to $2.93. The 9:48 minute reached $3.10, a lower high under the $3.18 top.

At 9:48:45 a new ask wall showed up at $3.00. It peaked at 56,594 shares (7.2% of the float) at 11:58 a.m. The stock was far below $3.00 by then. The 9:49 minute fell to $2.74, and sell orders of 16,459 shares at 9:49:31 and 14,345 shares at 9:50:15 pushed it lower.

The fade

It slid to $2.25 at 10:24 and to $1.90 at 10:35, the low after the open. A bid wall appeared at $1.90 at 10:36, and it peaked at 32,795 shares at 3:59 p.m.

From there it mostly held between $1.91 and $2.12. It closed the regular session at $2.00, 37% below the $3.18 high.

After the bell the price spiked to $2.10 in the 4:00 p.m. minute, then fell. It hit $1.68 at 4:04 p.m., the low of the day. No news is in the data for that move. After that it drifted between $1.76 and $1.95.

Regular-session volume was 3.22 million shares. With 1.51 million pre-market, that makes 4.73 million before 4 p.m., so the float changed hands about 6 times, at 47 times its normal volume.

What to take from it

• Here, a big ask wall at a round number was a level, not a ceiling. Here 33,199 shares traded at $3.00 in 6.7 seconds and the stock printed $3.18 in that same minute.
• After the top, the next push stopped lower. $3.18 at 9:45, then $3.10 at 9:48. The stock never got back above $3.10 in regular hours.
• The float traded over before the open, and the gap still faded. The open was $2.45, the high came 15 minutes after the bell, and it closed at $2.00.