Recaps · October 6, 2026

NXAT, October 6: a 7:30 headline, $1.42, and a $0.70 bid wall

• Small cap
• Momentum
• Main move: pre-market
• Catalyst: news
• Float traded 3x
• Bid wall
• No halts

Float

2.16 million shares

Volume

6.26 million shares

Previous close

$0.8611

Open

$0.7760 (up 9.9%)

High

$1.42 at 7:30 a.m.

Close

$0.7460

The day before

On October 5 NXAT closed at $0.86. It traded 23,880 shares that day. At 7:30 a.m. on October 5 a GlobeNewsWire headline announced a note and warrant restructuring agreement with Anson Funds.

Pre-market: a quiet tape, then 7:30

Overnight the stock barely traded. Most minutes had no trades at all. It sat around $0.90, and the 7:06 a.m. trade was just 8 shares at $0.895.

At 7:30 a.m. GlobeNewsWire ran: “Nexus Advanced Technologies Signs Confidential Exclusivity for Proposed $500 Million Reverse Merger”. That one minute traded 444,429 shares, and the price ran from $0.94 to $1.42, the high so far. It closed that minute at $1.18.

The 7:31 minute was even busier: 743,239 shares. A buyer swept 22,817 shares from $1.29 to $1.35 across 7 price levels at 7:31:25. Eight seconds later a seller pushed 17,360 shares down from $1.21 to $1.16.

At 7:32 it pushed again, to $1.31, a lower high under the $1.42 top. An 11,940-share print at $1.28 hit the bid at 7:32:46. By the end of the 7:33 minute more shares had traded than exist in the whole float (2.16 million).

The fade

The selling came in big blocks. At 7:33:02 a seller hit 28,377 shares from $1.12 to $1.05. At 7:35:23 another sold 29,510. At 7:36:03 another sold 20,254 shares through 13 levels.

A bid wall showed up at $0.93 at 7:36:05. It peaked at 37,449 shares at 7:37:18. It was pulled at 7:37:23, right after two sweeps: 23,915 shares from $0.9676 to $0.945, then 20,708 shares from $0.95 to $0.91, which went through it. Only 5,480 shares traded at $0.93. The 7:37 minute low was $0.8165.

It kept falling. At 7:40:28 a seller took 25,641 shares from $0.82 to $0.80 across 21 levels. The minute low was $0.7431. Then a new bid appeared at exactly $0.70.

From 7:40 on, someone was bidding for a lot of stock at $0.70. It peaked at 36,402 shares at 7:45, about 1.7% of the float. The stock mostly traded between $0.71 and $0.73 above it from 7:44 to 7:52.

The wall was still there at 7:53. At 7:53:26 trades at exactly $0.70 began. In 11.7 seconds, 17,014 shares traded at $0.70. A 13,298-share print hit at 7:53:38, and a last sweep sold 16,301 shares from $0.701 to $0.6997. The wall was gone. It was eaten, not pulled. The 7:53 minute low was $0.6625.

It retested $0.6625 at 7:56, then bounced. By 8:00 it was back at $0.71, and it drifted up to $0.76 around 8:20. Volume was thin by then.

The open

5.32 million shares traded before the bell. It opened at $0.78, below the $0.86 previous close. It slid to $0.68 by 9:39, then bounced to $0.73 by 9:43.

At 9:51:07 a seller swept 35,763 shares from $0.7058 to $0.66 across 24 levels. The minute closed at $0.66. At 9:54 a 10,000-share print hit at $0.6703. The low of the day came at 9:56 at $0.6208.

The rest of the day

After that, volume dried up. It recovered to about $0.75 by 11:00 and traded mostly between $0.71 and $0.75 through the afternoon. At 3:35 p.m. it dipped to $0.65, then came back late. It closed at $0.75.

The regular session traded 871,689 shares. For the whole day, 6.26 million shares traded: the float changed hands about 3 times, at about 153 times its normal volume (normally about 41,000 shares a day).

What to take from it

• The headline top was the day's high. $1.42 came in the first minute of the news, and the stock ended at $0.75, 47% below it.
• After the top, the next push stopped lower. $1.42 at 7:30 a.m., then $1.31 at 7:32 a.m.
• A big bid wall is a level, not a floor. The $0.70 wall stood for about 13 minutes, then sellers ate it in about 12 seconds.