Recaps · October 1, 2026

MEDS, October 1: a 6:00 headline, $5.43, and a $4.10 bid that got eaten

• Small cap
• Momentum
• Main move: pre-market
• Catalyst: news
• Float traded 7x
• Lower high
• Bid wall eaten

Float

2.38 million shares

Volume

16.39 million shares

Previous close

$3.17

Open

$3.89 (up 22.7%)

High

$5.43 at 6:14 a.m.

Close

$4.05

Pre-market: quiet, then 6:00

The official close on September 30 was $3.17. On the 1st, the stock traded near $3.30 for most of the early morning. The low before 6 a.m. was $3.24 at 4:12 a.m. Volume was thin.

At 6:00 a.m. Accesswire ran this headline: “DataMeds AI's Corexa Pharmacy Surpasses $1 Million In Monthly Revenue”. The 6:00 candle opened at $3.31 and closed at $3.49. At 6:02 it touched $4.00, and volume went from 1,614 shares in the 6:00 minute to 43,634 in the 6:02 minute.

The run to $5.43 and the drop

It hit $4.50 at 6:04 a.m. It pulled back to $4.02 at the close of the 6:05 candle. Then the 6:06 candle ran from $4.02 to $5.00 on 237,630 shares.

The push kept going. The high so far, $5.43, printed at 6:14 a.m., 71% above the previous close. From 6:07 to 6:14 it traded between $4.64 and $5.43.

Then it broke down. The 6:21 candle fell from $5.00 to $4.59. By the end of the 6:23 minute, more shares had traded than exist in the whole float (2.38 million). It kept sliding: $4.24 at 6:25 a.m., 22% under the high, and as low as $3.80 at 6:48. Pre-market volume ended at 11.44 million shares.

7:17: climbing back

After bottoming at $3.80 at 6:48 it spent about half an hour working back up. It was about $4.52 at 7:02, and it reached $4.62 at 7:17.

Here's what happened. At 7:17:56 one buy order swept 33,661 shares through 15 price levels, from $4.86 to $5.00. Five seconds later another order bought 29,503 shares from $4.99 to $5.03. The 7:18 candle hit $5.10 on 475,664 shares, the heaviest minute of the day. It closed at $4.72.

An ask wall appeared at exactly $5.00 at 7:20. It peaked at 66,612 shares at 10:04, about 2.8% of the float. $5.10 was a lower high under $5.43. After 7:18 the stock did not trade above $4.86.

The open

It opened at $3.89, 23% above the previous close and well under the pre-market high. It ran to $4.18 in the 9:32 candle. By 9:50 it had touched $4.35, then it chopped around $4.10 to $4.20.

A big ask wall at $4.35 appeared at 10:16.

The bid at $4.10

From 10:11 someone was bidding for a lot of stock at exactly $4.10. It peaked at 50,675 shares at 10:12, about 2.1% of the float. For the next ten minutes the stock traded around it.

Here's what happened. From 10:22:52 trades began piling up at $4.10. In 32.4 seconds, 38,652 shares traded at exactly $4.10 and the wall was gone. It was eaten at 10:23:25. The 10:24 candle fell to $3.93 on 58,996 shares.

The rest of the day

From there it drifted lower. It was $3.90 at 10:40 and touched $3.74 at 11:58. At 12:41 a sell order swept 23,747 shares from $3.66 to $3.63. That $3.63 was the low after the open. The $4.35 ask wall from 10:16 had peaked at 107,580 shares at 11:10, 4.5% of the float, and the price stayed below $4.35 for the rest of the regular session.

It bounced into the afternoon, reached $4.16 at 1:15 p.m., and then settled. By 3:59 p.m. it was at $4.05, 25% under the $5.43 high. That high came before the bell, at 6:14 a.m., 40% above the $3.89 open.

Volume was 11.44 million shares pre-market and 4.65 million in the regular session. After hours added 285,830, and the stock was $3.99 in the last minute of the data. For the whole day, 16.39 million shares traded: the float changed hands about 7 times, at about 2.7 times its normal volume.

What to take from it

• After the top, the next push stopped lower. $5.43 at 6:14 a.m., then $5.10 at 7:18 a.m.
• The float traded over before the open. By the end of the 6:23 a.m. minute more shares had traded than the float holds, and 11.44 million of the day's 16.39 million shares traded pre-market.
• A big bid is not a floor. The 50,675-share bid at $4.10 was eaten in about 32 seconds, and the stock dropped to $3.93 within the next minute.