Hindsight Markets / Small-cap stocks on October 1, 2026

LONA on October 1, 2026: why it ran

Published October 9, 2026 · By Hindsight Markets

On October 1, 2026, LONA opened down 5.0% from the previous close of 3.57 and reached 5.32 at 11:49 a.m. ET. The exchange halted it once.

Previous close

3.57

Open, 9:30 a.m.

3.39

Gap at the open

down 5.0%

Pre-market high

3.48 at 6:09 a.m.

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

5.32 at 11:49 a.m.

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

3.39

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

4.84 at 7:56 p.m.

Last trade before 4:00 p.m.

4.38

Volume

2.44 million

Relative volume

45.8x

Float

7.40 million shares, from filings as of October 1, 2026

Shares outstanding

9.42 million

Halts

1

Why it ran

News and SEC filings for LONA published between the previous session's close and the first minute LONA traded 20% above it, at 11:21 a.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 5.0% at 3.39, then ran from the open to the high of 5.32 in 139 minutes.

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: 92 shares before the 9:30 a.m. open (0%), 1,582 in the first 30 minutes (0%), and 2.43 million in the rest of the day to 8 p.m. (100%).
• The halt at 11:54 a.m.: down 10.6% in the 5 minutes into it, reopened at 4.49, down 1.5% from the last trade before it, then down 6.5% over the next 5 minutes.
• In our recaps, this is the only day LONA 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.