MEDS on September 28, 2026: why it ran

The day, step by step

• Small cap
• Momentum
• Main move: pre-market
• Catalyst: news
• Ask walls under $5
• Float traded 6x
• Gap, run and fade

Before the headline

MEDS had a previous close of $3.11. From 4:00 to 5:59 a.m. it traded between $3.00 and $3.19, and fewer than 6,200 shares changed hands in those two hours.

At 6:00 a.m. Accesswire ran: “DataMeds AI and Tollo Health Announce Launch of 'Health Lives Here' Mobile Application”. The 6:00 minute opened at $3.11 and traded as high as $3.54. By 6:01 it had touched $3.60.

Pre-market: the float traded by 6:37 a.m.

The 6:03 minute traded 50,044 shares and the 6:04 minute 72,947. It touched $3.93 at 6:05, then dropped back to $3.43 in the same minute. It chopped between about $3.32 and $3.96 for the next 24 minutes.

At 6:30 the bars got bigger. That minute went from $3.91 to $4.15 on 188,771 shares. By 6:37 a.m., more shares had traded than exist in the whole float (2.38 million). At 6:38 it reached $4.84.

The Level 2 book showed walls above the price. An ask wall appeared at $5.00 at 6:34:43. It peaked at 45,580 shares at 7:00:37, about 1.9% of the float. Another one sat at $4.95. It was first seen at 6:45:49, peaked at 45,218 shares at 6:46:34, and was pulled at 6:48:10.

The pre-market high came at 6:52 a.m.: $4.87. That is under both walls. Before the open it never traded at $4.95 or $5.00. Within five minutes, by 6:57, it was back at $4.24.

It ran to $4.63 at 7:00 a.m. Then it fell, reaching $3.83 by 7:11 a.m. That is down 17% in eleven minutes. From 7:40 until the 9:30 open it held between $3.80 and $4.15. 7.79 million shares traded before the open.

The open: $3.97, then $3.44

It opened at $3.97, up 28% from the previous close. A single 25,745-share print went through at $3.97 at 9:30:00.

The 9:30 minute reached $4.07. Then it dropped. By 9:31 it was at $3.77, by 9:32 at $3.59, and at 9:35 it hit $3.44, the low so far after the open. That is down about 15% from $4.07 in five minutes.

It bounced slowly. At 9:40 a buy sweep of 15,483 shares went through $3.47 to $3.52. At 9:52:47 a buy sweep of 50,261 shares ran from $3.79 to $3.88 across ten levels. That was the biggest sweep of the day so far. By 9:53 the stock had touched $3.99.

A bid wall showed up at $3.77 at 9:54:50. It peaked at 41,000 shares at 9:56:04 (1.7% of the float) and was pulled at 10:03:43. The 10:03 minute traded 62,292 shares and its low was $3.77. At 10:11:01 a sweep of 17,731 shares went through $3.74 to $3.79, and an 11,448-share print traded at $3.77.

Late morning

The 10:48 minute reached $4.20 on 93,462 shares, and a buy sweep of 18,041 shares went through $4.00 to $4.06 at 10:48:36. At 10:49:38 an ask wall appeared at $4.47, 48,382 shares (2.0% of the float). At 10:51:01 another buy sweep, 19,657 shares, went from $4.20 to $4.25. It then settled between $4.00 and $4.20.

At 10:59 a.m. Benzinga ran: “DataMeds AI Stock Surges on Mobile App Launch”. The 11:00 minute traded 161,424 shares and went from $4.16 to $4.32. The $4.47 wall was pulled at 11:00:39, in that same minute.

At 11:01:31 a new ask wall appeared at $4.81: 51,902 shares, 2.2% of the float. A buy sweep of 16,982 shares went through $4.38 to $4.42 at 11:02:18.

At 11:04:25 a buy sweep of 20,229 shares ran from $4.49 to $4.54. At 11:05 the stock pushed to $4.65, the regular-session high so far and a lower high than the $4.87 top at 6:52. It never reached $4.81. The $4.81 wall was pulled at 11:06:51, and the 11:06 minute closed at $4.47.

It held between $4.18 and $4.48 until 11:30. The 11:31 minute dropped to $4.01 on 73,447 shares. By 11:33 it was at $3.93. At 11:56:34 a sell sweep of 14,524 shares ran from $4.00 to $3.90 across 11 levels. At 12:56 a buy sweep of 16,230 shares went from $4.38 to $4.44, and $4.44 was the high of that minute.

The bid at $3.90

From 1:14 p.m. a large bid sat at exactly $3.90. The stock was trading between about $4.08 and $4.20. The bid peaked at 54,666 shares at 1:23 p.m., about 2.3% of the float.

At 1:35:13 p.m. the bid was pulled. The size left the book without trading there. The 1:35 minute traded 7,268 shares and its low was $4.02.

The rest of the day

From 1:35 p.m. to 3:24 p.m. it mostly held between $3.91 and $4.13. Then it slid: $3.82 at 3:26, $3.69 at 3:57 p.m., and $3.81 in the last regular minute (3:59). That is about 22% below the $4.87 high and still above the $3.11 previous close.

After hours it went back above $4. It reached $4.12 at 6:02 p.m., 170,917 shares traded after hours, and the last trades near 8:00 p.m. were around $3.85.

Through the 4:00 p.m. close, 13.86 million shares traded (7.79 million pre-market plus 6.06 million in the regular session). The float changed hands about 6 times, at about 2.6 times its normal volume.

What to take from it

• After the top, the next push stopped lower. $4.87 at 6:52 a.m., then $4.65 at 11:05 a.m. The stock never traded at the $4.95 or $5.00 asks.
• A wall on the screen can vanish without trading. Five walls on this day were logged as pulled: $4.95, $3.77, $4.47, $4.81 and $3.90.
• The float traded before the open. By 6:37 a.m. more shares had traded than the float holds. By the 3:59 p.m. close the stock was 22% below its high.

Open this recap on its own page