Hindsight Markets / Small-cap stocks on September 2, 2026

GIXI on September 2, 2026: why it ran

Published October 11, 2026 · By Hindsight Markets

On September 2, 2026, GIXI opened down 30.7% from the previous close of 12.25 and reached 15.50 at 2:45 p.m. ET. The exchange halted it 6 times.

Previous close

12.25

Open, 9:30 a.m.

8.49

Gap at the open

down 30.7%

Pre-market high

12.25 at 8:39 a.m.

High, 4 a.m. to 4 p.m.

15.50 at 2:45 p.m.

Low, 4 a.m. to 4 p.m.

8.10

After-hours high, 4 p.m. to 8 p.m.

44.00 at 4:09 p.m.

Last trade before 4:00 p.m.

12.70

Volume

697,672

Relative volume

13953440.0x

Float

not available

Shares outstanding

not available

Halts

6

Why it ran

News and SEC filings for GIXI published between the previous session's close and the first minute GIXI traded 20% above it, at 2:45 p.m. ET, newest first, from the same feeds the replay shows.

No news found before the move.

How it traded

Intraday run. It opened down 30.7% at 8.49, then ran from the open to the high of 15.50 in 315 minutes through 5 halts.

The shape is a fixed rule, not a judgement: gapped 10% or more at the open, ran 10% or more from the open to the high, and faded if it gave back 30% or more of that move by the close.

The day in numbers

• Volume, from the one-minute bars: 19 shares before the 9:30 a.m. open (0%), 5,872 in the first 30 minutes (1%), and 691,781 in the rest of the day to 8 p.m. (99%).
• The halt at 1:57 p.m.: up 9.3% in the 5 minutes into it, reopened at 13.66, up 14.4% from the last trade before it, then down 12.2% over the next 5 minutes.
• The halt at 2:14 p.m.: down 13.8% in the 5 minutes into it, reopened at 11.25, down 3.4% from the last trade before it, then up 11.1% over the next 5 minutes.
• The halt at 2:28 p.m.: up 7.4% in the 5 minutes into it, reopened at 12.99, up 3.9% from the last trade before it, then up 8.2% over the next 5 minutes.
• The halt at 2:34 p.m.: up 12.5% in the 5 minutes into it, reopened at 13.00, down 7.5% from the last trade before it, then up 10.0% over the next 5 minutes.
• The halt at 2:40 p.m.: up 1.7% in the 5 minutes into it, reopened at 15.00, up 4.9% from the last trade before it, then down 10.0% over the next 5 minutes.
• The halt at 2:46 p.m.: down 5.6% in the 5 minutes into it, reopened at 13.00, down 3.7% from the last trade before it, then down 0.2% over the next 5 minutes.
• In our recaps, this is the only day GIXI met the small-cap rule.

Halts

On this date the LULD plan ran under Amendment 18, in force from February 24, 2020: no band doubling at the open, and the closing doubling only for Tier 1 stocks and Tier 2 stocks whose previous close was at or below three dollars. See LULD halts or work out a band with the LULD calculator.