Hindsight Markets Small-cap stocks on October 6, 2026
JAGX on October 6, 2026: why it ran
On October 6, 2026, JAGX opened up 38.7% from the previous close of 4.73 and reached 7.27 at 10:16 a.m. ET. The exchange did not halt it.
- Previous close
- 4.73
- Open, 9:30 a.m.
- 6.56
- Gap at the open
- up 38.7%
- Pre-market high
- 7.00 at 7:18 a.m.
- High, 4 a.m. to 4 p.m.
- 7.27 at 10:16 a.m.
- Low, 4 a.m. to 4 p.m.
- 5.34
- After-hours high, 4 p.m. to 8 p.m.
- 6.15 at 5:36 p.m.
- Last trade before 4:00 p.m.
- 5.59
- Volume
- 10.99 million
- Relative volume
- 4.4x
- Float
- 2.14 million shares, from filings as of October 6, 2026
- Shares outstanding
- 2.14 million
- Halts
- none in the halt feed
Replay JAGX's day
It starts at 9:57 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 10:00 a.m. and asks what you would do. Or press Play on any moment in How it traded.
The day, step by step
- Small cap
- Momentum
- Gap up
- Main move: late morning
- News: 9:00 headline (after pre-market move)
- Round-number break
- No halts
- Lower high, faded
The day before
On October 5, JAGX ran from $4.42 to $6.69. It gave most of it back and closed at $4.73. The last trade in the data for that day was $6.37, after hours.
Pre-market: the float traded by 7:07 a.m.
The first trades on the 6th were at $6.10, already above the $4.73 close. The 4:00 minute reached $6.65, then it dropped to $5.43 at 4:02 a.m., down 18%.
A bid wall showed up under it. From 4:15 a.m. there was a buy order for as many as 77,678 shares at $5.01, 3.6% of the float. It was pulled at 4:23. The price never went down to it.
The stock then went quiet. At 6:10 a.m. it spiked to $6.63, then fell to $5.53 at 6:18 a.m., down 17%. From $5.65 at 6:24 a.m. it ran to $6.85 at 7:02 a.m., up 21%. One minute later it was at $6.02, down 12%.
By 7:07 a.m., more shares had traded than exist in the whole float (2.14 million).
The order book showed something the bars don't. From 7:14 a.m., someone was offering a lot of stock at exactly $7.00. The wall peaked at 40,088 shares at 7:15 a.m., about 2% of the float.
Stop It's 7:18. JAGX is at $6.90. An ask wall of up to 40,088 shares has been sitting at exactly $7.00 for a few minutes, just above. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 7:18 a.m. ET for your call, then show what happened. The clip starts at 7:15 a.m. ET.
At 7:18:48 trades began printing at $7.00. In 1.6 seconds, 25,688 shares traded at exactly $7.00 and the wall was gone. It wasn't pulled. Buyers ate it. The 7:18 minute made the pre-market high, $7.00.
It did not hold. It slid to $6.13 at 7:40 a.m., down 12% from $7.00. At 8:42 a.m. another ask wall appeared at $7.74, with 50,005 shares. By the bell, 5.24 million shares had traded in pre-market.
At 9:00 a.m. Accesswire ran this headline: “Napo Pharmaceuticals, a Jaguar Health Family Company, Sponsoring Intestinal Failure Panel Discussion at Pediatric Gastroenterology Conference in Abu Dhabi”. The stock was near $6.45 and traded between $6.32 and $6.66 over the next half hour.
The open
It opened at $6.56, up 39% from the previous close. The very first print was 36,024 shares at $6.56. The 9:30 minute reached $6.93.
Then it fell. At 9:33 it hit $6.03, down 13% from $6.93.
It chopped between $6.01 and $6.75 for the next 25 minutes, and was back near $6.15 by 10:00.
Mid-morning
From $6.10 at 10:01 the stock climbed in small steps. At 10:12 it was at $6.56.
Stop It's 10:13. JAGX is at $6.57, up from $6.10 twelve minutes ago. The $7.00 level is above, and an ask wall that peaked at 50,005 shares sits at $7.74. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 10:13 a.m. ET for your call, then show what happened. The clip starts at 10:10 a.m. ET.
Here's what happened. Volume jumped in the 10:13 minute. At 10:14:52 a single buy order took 40,916 shares from $6.90 to $7.00 across 10 price levels. At 10:16 it reached $7.27, the high so far, up 54% from the previous close.
The $7.74 wall was pulled at 10:16:54, right after the high. The stock never got near it. Within three minutes the price was back at $6.50. A 22,982-share sell order at 10:17:09 and a 27,010-share sell order at 10:19:19 were part of that drop.
The rest of the day
From 10:30 to 11:28 it traded between about $6.03 and $6.46.
Stop It's 11:29. JAGX is at $6.04. Since 10:44 it has traded between $6.03 and $6.34, and $7.27 is more than an hour behind. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 11:29 a.m. ET for your call, then show what happened. The clip starts at 11:26 a.m. ET.
Here's what happened. At 11:29:28, one sell order took 36,890 shares from $6.03 down to $5.74 across 30 price levels. That one minute traded 113,340 shares.
It kept drifting down. It hit $5.34 at 2:39 p.m., down 27% from $7.27, the low of the day after the open.
It came back once more. At 3:36 p.m. it pushed to $5.78, a lower high under the $7.27 top. It closed at $5.59, 23% under the high of the day.
After hours it rose to $6.15 at 5:36 p.m. on thin volume, then eased back to $5.66 by 7:59 p.m. The data has no news after the 9:00 headline.
In the regular session, 5.52 million shares traded: the float changed hands about 2.6 times. Including 5.24 million shares in pre-market and 230,903 after hours, the whole day was 10.99 million shares, about 5 times the float. There were no halts.
What to take from it
- The $7.00 ask wall broke in seconds, and the break was not the top. The $7.00 wall was eaten in 1.6 seconds at 7:18 a.m. The stock was at $6.13 by 7:40 a.m.
- After the $7.27 high, the last push stopped far lower. $7.27 at 10:16 a.m., then $5.78 at 3:36 p.m.
- The float traded over before the open. By 7:07 a.m., more shares had traded than the float holds. The stock closed at $5.59, 23% below the $7.27 high.
Why it ran
News and SEC filings for JAGX published between the previous session's close and the first minute JAGX traded 20% above it, at 4:00 a.m. ET, newest first, from the same feeds the replay shows.
No news found before the move.
How it traded
Gap, run and fade. It gapped up 38.7% to 6.56 at the open, ran from the open to the high of 7.27 in 46 minutes, then gave back 237% of that move by 4:00 p.m., trading at 5.59.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:00 a.m. | First trade 20% above the previous close of 4.73 | |
| 7:07 a.m. | Volume since 4:00 a.m. passes the whole float, 2.14 million shares | |
| 7:18 a.m. | Pre-market high, 7.00 | |
| 9:30 a.m. | The open: 6.56, up 38.7% from the previous close | |
| 10:16 a.m. | High of the day to the close, 7.27 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 5.59, 23.1% 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: 5.24 million shares before the 9:30 a.m. open (48%), 1.70 million in the first 30 minutes (15%), and 4.05 million in the rest of the day to 8 p.m. (37%).
- Float rotation, the volume since 4 a.m. against the float of 2.14 million shares: past it once at 7:07 a.m., twice at 7:49 a.m., three times at 9:45 a.m.
- Other days JAGX met the small-cap rule in our recaps: 3, the latest on October 5, 2026.
Halts
The exchange's halt feed shows no halts for JAGX 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 JAGX on October 6, 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.