Hindsight Markets Small-cap stocks on October 5, 2026
PICS on October 5, 2026: why it ran
On October 5, 2026, PICS opened up 12.2% from the previous close of 9.09 and reached 11.85 at 3:13 p.m. ET. The exchange did not halt it.
- Previous close
- 9.09
- Open, 9:30 a.m.
- 10.20
- Gap at the open
- up 12.2%
- Pre-market high
- 10.26 at 9:14 a.m.
- High, 4 a.m. to 4 p.m.
- 11.85 at 3:13 p.m.
- Low, 4 a.m. to 4 p.m.
- 9.55
- After-hours high, 4 p.m. to 8 p.m.
- 11.85 at 4:06 p.m.
- Last trade before 4:00 p.m.
- 11.61
- Volume
- 996,574
- Relative volume
- 4.4x
- Float
- 61.45 million shares, from filings as of October 5, 2026
- Shares outstanding
- 65.99 million
- Halts
- none in the halt feed
Why it ran
News and SEC filings for PICS published between the previous session's close and the first minute PICS traded 20% above it, at 9:44 a.m. ET, newest first, from the same feeds the replay shows.
No news found before the move.
How it traded
Gap and go. It gapped up 12.2% to 10.20 at the open, ran from the open to the high of 11.85 in 343 minutes, and held most of the move into the close: it gave back 15% of it by 4:00 p.m.
| Time (ET) | What happened |
|---|---|
| 9:14 a.m. | Pre-market high, 10.26 |
| 9:30 a.m. | The open: 10.20, up 12.2% from the previous close |
| 9:44 a.m. | First trade 20% above the previous close of 9.09 |
| 3:13 p.m. | High of the day to the close, 11.85 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 11.61, 2.0% below the high |
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: 28,886 shares before the 9:30 a.m. open (3%), 216,533 in the first 30 minutes (22%), and 751,155 in the rest of the day to 8 p.m. (75%).
- In our recaps, this is the only day PICS met the small-cap rule.
Halts
The exchange's halt feed shows no halts for PICS that day.
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.
Trade this day
Replay PICS on October 5, 2026 in Hindsight Markets: the real tape, the order book and the halts, on a clock you control, and see where your orders would have filled.