Recaps · October 13, 2026

FLYE, October 13: two halts, $6.31, and a $3.74 bid that broke

• Small cap
• Momentum
• Main move: the morning
• Halted twice
• Halt reopen fills
• Lower high
• Float traded 6x

Float

1.56 million shares

Volume

9.91 million shares

Previous close

$2.05

Open

$2.19 (up 6.8%)

High

$6.31 at 10:27 a.m.

Halts

2 (9:46 a.m. and 10:19 a.m.)

Close

$3.62

Pre-market: quiet, up to $2.20

The first trades on the 13th were at $1.92, below the $2.05 previous close. Through the pre-market it mostly traded around $2.01 to $2.13.

The pre-market high was $2.20 at 9:26 a.m. Only 13,458 shares traded before the bell, in a stock with a float of about 1.56 million.

The open and the first halt

It opened at $2.19, up 7% from the previous close. For the first few minutes it went nowhere and traded between $2.10 and $2.19.

At 9:37 it broke out. That minute went from $2.25 to $2.55, clearing the pre-market high of $2.20. By 9:42 it had traded through $3.00 for the first time, and volume was by then over 100,000 shares a minute.

At 9:46 it was halted (a volatility pause) with the last trade at $3.95. The halt lasted about 32 minutes.

The reopen at $5.20

It reopened at 10:18 at $5.20, 32% above where it stopped. A single print of 115,450 shares went through at $5.20 at the reopen. In the first minute it ran to $6.24, up 20% from the reopen.

At 10:19 it was halted again with the last trade at $6.24.

It reopened at 10:24 at $4.74, 24% below where it stopped. The low of that minute was $3.95, down 37% from $6.24. By the end of that minute more shares had traded than exist in the whole float (1.56 million).

From $3.95 it ran to $6.31, the high so far, at 10:27. In the 10:28 minute it traded as low as $5.02.

A lower high at $5.88

At 10:34 it pushed to $5.88, a lower high under the $6.31 top. By 10:44 it was at $4.17.

The bid at $3.74

The order book shows what happened next.

From 10:44 on, a large bid sat at exactly $3.74. It peaked at 30,537 shares at 11:11, about 2% of the float. Earlier bids at $3.78 and $3.51 were pulled by 10:50. This one stayed. The stock traded between $3.86 and $4.57 above it for the next hour.

Here's what happened. At 11:51:28 trading at $3.74 began. In 5 seconds, 34,387 shares traded at exactly $3.74 and the bid was gone. It wasn't pulled. It was traded through. Within seven minutes the stock was at $3.06.

The rest of the day

It kept fading: $3.06 at 11:58, then a range between about $3.19 and $4.40. There was a brief push to $4.40 at 1:02 p.m. It closed at $3.62.

By the close, 9.70 million shares had traded: the float changed hands about 6 times, at about 4 times its normal volume.

What to take from it

• A halt can reopen higher or lower than it stopped. The 9:46 halt stopped at $3.95 and reopened at $5.20. The 10:19 halt stopped at $6.24 and reopened at $4.74.
• The seconds after a reopen cost more than the screen says. A 5,000-share buy at 10:24:05 averaged $2,260 over the $4.49 on screen, because only 206 shares were offered.
• A big bid is a level, not a floor. The $3.74 bid held for more than an hour and then broke in five seconds.