Recaps · October 6, 2026

JAGX, October 6: the $7.00 wall, a 9:00 headline and $7.27

• Small cap
• Momentum
• Gap up
• Main move: late morning
• News: 9:00 headline (after pre-market move)
• Round-number break
• No halts
• Lower high, faded

Float

2.14 million shares

Volume

10.99 million shares

Previous close

$4.73

Open

$6.56 (up 38.7%)

High

$7.27 at 10:16 a.m.

Close

$5.59

The day before

On October 5, JAGX ran from $4.42 to $6.69. It gave most of it back and closed at $4.73. The last trade in the data for that day was $6.37, after hours.

Pre-market: the float traded by 7:07 a.m.

The first trades on the 6th were at $6.10, already above the $4.73 close. The 4:00 minute reached $6.65, then it dropped to $5.43 at 4:02 a.m., down 18%.

A bid wall showed up under it. From 4:15 a.m. there was a buy order for as many as 77,678 shares at $5.01, 3.6% of the float. It was pulled at 4:23. The price never went down to it.

The stock then went quiet. At 6:10 a.m. it spiked to $6.63, then fell to $5.53 at 6:18 a.m., down 17%. From $5.65 at 6:24 a.m. it ran to $6.85 at 7:02 a.m., up 21%. One minute later it was at $6.02, down 12%.

By 7:07 a.m., more shares had traded than exist in the whole float (2.14 million).

The order book showed something the bars don't. From 7:14 a.m., someone was offering a lot of stock at exactly $7.00. The wall peaked at 40,088 shares at 7:15 a.m., about 2% of the float.

At 7:18:48 trades began printing at $7.00. In 1.6 seconds, 25,688 shares traded at exactly $7.00 and the wall was gone. It wasn't pulled. Buyers ate it. The 7:18 minute made the pre-market high, $7.00.

It did not hold. It slid to $6.13 at 7:40 a.m., down 12% from $7.00. At 8:42 a.m. another ask wall appeared at $7.74, with 50,005 shares. By the bell, 5.24 million shares had traded in pre-market.

At 9:00 a.m. Accesswire ran this headline: “Napo Pharmaceuticals, a Jaguar Health Family Company, Sponsoring Intestinal Failure Panel Discussion at Pediatric Gastroenterology Conference in Abu Dhabi”. The stock was near $6.45 and traded between $6.32 and $6.66 over the next half hour.

The open

It opened at $6.56, up 39% from the previous close. The very first print was 36,024 shares at $6.56. The 9:30 minute reached $6.93.

Then it fell. At 9:33 it hit $6.03, down 13% from $6.93.

It chopped between $6.01 and $6.75 for the next 25 minutes, and was back near $6.15 by 10:00.

Mid-morning

From $6.10 at 10:01 the stock climbed in small steps. At 10:12 it was at $6.56.

Here's what happened. Volume jumped in the 10:13 minute. At 10:14:52 a single buy order took 40,916 shares from $6.90 to $7.00 across 10 price levels. At 10:16 it reached $7.27, the high so far, up 54% from the previous close.

The $7.74 wall was pulled at 10:16:54, right after the high. The stock never got near it. Within three minutes the price was back at $6.50. A 22,982-share sell order at 10:17:09 and a 27,010-share sell order at 10:19:19 were part of that drop.

The rest of the day

From 10:30 to 11:28 it traded between about $6.03 and $6.46.

Here's what happened. At 11:29:28, one sell order took 36,890 shares from $6.03 down to $5.74 across 30 price levels. That one minute traded 113,340 shares.

It kept drifting down. It hit $5.34 at 2:39 p.m., down 27% from $7.27, the low of the day after the open.

It came back once more. At 3:36 p.m. it pushed to $5.78, a lower high under the $7.27 top. It closed at $5.59, 23% under the high of the day.

After hours it rose to $6.15 at 5:36 p.m. on thin volume, then eased back to $5.66 by 7:59 p.m. The data has no news after the 9:00 headline.

In the regular session, 5.52 million shares traded: the float changed hands about 2.6 times. Including 5.24 million shares in pre-market and 230,903 after hours, the whole day was 10.99 million shares, about 5 times the float. There were no halts.

What to take from it

• The $7.00 ask wall broke in seconds, and the break was not the top. The $7.00 wall was eaten in 1.6 seconds at 7:18 a.m. The stock was at $6.13 by 7:40 a.m.
• After the $7.27 high, the last push stopped far lower. $7.27 at 10:16 a.m., then $5.78 at 3:36 p.m.
• The float traded over before the open. By 7:07 a.m., more shares had traded than the float holds. The stock closed at $5.59, 23% below the $7.27 high.