Recaps · October 12, 2026

MEDS, October 12: a 6:00 headline, $4.68, and the $3.00 bid

• Small cap
• Momentum
• Main move: pre-market
• Catalyst: news
• Gap, run and fade
• Float traded before the open
• Retest of the high

Float

3.69 million shares

Volume

10.74 million shares

Previous close

$2.96

Open

$3.33 (up 12.5%)

High

$4.68 at 6:28 a.m.

Close

$3.08

Before the headline

The official close on the 9th was $2.96. The first trades on the 12th, at 4:00 a.m., were around $3.11, already above that.

From 4:00 to 5:57 a.m. it was quiet. It moved between $3.03 and $3.18 on thin volume, with many minutes where nothing traded.

6:00 a.m.: the headline

At 6:00 a.m. Accesswire ran: “DataMEDS SI Announces Helomics Receives Medicaid Coverage Policy For Chemofx(R) Assay In Gynecologic Cancers”. The 6:00 minute traded 15,020 shares, more than the whole stretch before it. By 6:01 it had touched $3.45.

It kept going to $3.58 at 6:04, then reversed. At 6:08 it hit $2.60, down 27% from $3.58, on 96,702 shares in one minute. It closed that minute at $2.83.

From there it climbed back, and the volume grew with it. It reached $3.92 at 6:19, up 51% from the $2.60 low. After a pullback to $3.55 at 6:20, it ground higher for seven minutes.

The 6:28 minute was the biggest of the morning so far: 260,157 shares. It hit $4.68, the high so far, in that minute. At 6:29 it dipped to $4.43.

It tested the top again. At 6:30 it printed $4.68 a second time; that minute's range went down to $4.26. At 6:31 it pushed to $4.62, below that top, and slid to $4.03 by 6:32.

At 6:32:53 an ask wall appeared at $5.00, above the high.

By 6:41 a.m., more shares had traded than exist in the whole float (3.69 million).

Back toward the high

It ground back up toward the high. It made $4.52 at 6:57 and $4.59 at 6:59.

The 7:00 minute printed $4.59, then closed at $4.27 on 291,698 shares. At 7:02:29 one sell order took 14,054 shares through six price levels, from $4.15 to $4.10. The 7:02 minute closed at $3.91. By 7:07 it traded at $3.44.

It did not get back near $4.68 before the open. For the rest of the pre-market it drifted down, with a low of $3.14 at 7:52, and then worked back to $3.69 at 8:39. The $5.00 ask wall from 6:32 peaked at 34,010 shares at 9:30:11, and the price did not trade there. 8.49 million shares traded before the bell.

The open and the morning

It opened at $3.33, up 12.5% from the previous close. The first minutes were a small pop: $3.53 at 9:33. Then it slid, and $3.18 at 9:53 was the low of that stretch.

Under it sat a different kind of wall. From 9:30 a large bid stood at $2.99. It peaked at 100,967 shares at 9:53, 2.7% of the float. At 10:10:44 it was pulled.

Then came a push. At 10:14:30 one buy order of 25,566 shares went through 13 levels, from $3.52 to $3.64. At 10:15:00 another of 33,792 went through 11 levels, from $3.69 to $3.79. The regular-session high so far was $3.80 at 10:15. At 10:16 two sell orders of 13,942 and 17,048 shares hit $3.69 to $3.66, and by 10:19 it was at $3.48.

It stayed mostly in the $3.50s and low $3.60s for a while, then dropped at 10:46. One sell order took 12,460 shares through 15 levels, from $3.48 to $3.34. The minute went from $3.63 to $3.26 on 105,173 shares. From there it drifted lower over the next 40 minutes.

The bid at $3.00

From 9:17 a.m. on, a large bid sat at exactly $3.00. It peaked at 30,530 shares at 11:16 a.m. Meanwhile the price kept sliding toward it. It first touched $3.00 at 11:23.

Here's what happened. At 11:25:59 heavy selling hit $3.00. In 10.7 seconds, 19,174 shares traded at exactly $3.00 and the bid was gone at 11:26:10. It wasn't pulled. Sellers hit it. The low after the open stayed at $3.00, and by the end of the 11:26 minute it was back at $3.08.

The rest of the day

At 12:00 p.m. Benzinga ran: “DataMeds AI Stock Rises After Humana Adds Medicaid Coverage for ChemoFx Cancer Test”. The stock traded at $3.18 in that minute. It rose to $3.40 at 12:28, then settled back into the $3.10s.

It closed at $3.08, 34% under the $4.68 high of the day. That high came before the bell, at 6:28 a.m., 41% above where it opened. After hours, 118,408 more shares traded.

Through the close, 10.62 million shares traded: the float changed hands about 3 times. Of that, 8.49 million traded before the open and 2.13 million in the regular session. Relative volume for the day was about 1.5.

What to take from it

• The retest of the high didn't clear it. $4.68 at 6:28 a.m., $4.68 again at 6:30, then $4.62 at 6:31. It never made a new high.
• Almost all of the move was gone by the close. It closed at $3.08, 34% below the $4.68 high and 4% above the $2.96 previous close.
• Most of the day's volume came before the open. By 6:41 a.m. more shares had traded than the float holds, and the regular session added far less.