Hindsight Markets Small-cap stocks on October 7, 2026
IRIX on October 7, 2026: why it ran
On October 7, 2026, IRIX opened up 0.8% from the previous close of 0.6800 and reached 1.02 at 12:44 p.m. ET. The exchange halted it once.
- Previous close
- 0.6800
- Open, 9:30 a.m.
- 0.6854
- Gap at the open
- up 0.8%
- Pre-market high
- 0.7470 at 8:07 a.m.
- High, 4 a.m. to 4 p.m.
- 1.02 at 12:44 p.m.
- Low, 4 a.m. to 4 p.m.
- 0.6605
- After-hours high, 4 p.m. to 8 p.m.
- 1.08 at 4:22 p.m.
- Last trade before 4:00 p.m.
- 0.8600
- Volume
- 7.21 million
- Relative volume
- 370.7x
- Float
- 16.93 million shares, from filings as of October 7, 2026
- Shares outstanding
- 17.56 million
Replay IRIX's day
It starts at 12:26 p.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 12:29 p.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
- Main move: midday
- Low-priced stock
- Filings: Form 4
- Halted once
- After-hours spike
Pre-market: three Form 4s, thin trading
IRIX closed the day before at $0.68, on 14,967 shares.
Three Form 4 filings came out this morning, at 6:04, 6:08 and 6:10 a.m. The first trade of the day was 508 shares at $0.70, in that same 6:04 minute. After that, most minutes had no trades at all.
The pre-market high was $0.75 at 8:07 a.m. Just 2,911 shares traded before the bell.
The open and a quiet morning
It opened at $0.69, a little above the $0.68 close. Then it sat. For about two hours it stayed roughly between $0.69 and $0.73, with long stretches of no trades.
The midday run
At 11:36 a.m. it was at $0.71. From there it stepped up: $0.75 by 12:07 p.m., $0.80 by 12:35 and $0.85 at 12:37. At 12:39 the volume jumped. That one minute traded 55,527 shares, more than any minute before it, and the price fell back to $0.80.
Stop It's 12:43. IRIX is at $0.80, up from $0.71 at 11:36. The 12:39 minute traded 55,527 shares, more than any minute so far. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 12:43 p.m. ET for your call, then show what happened. The clip starts at 12:40 p.m. ET.
In the 12:43 minute it reached $0.91. Then came the big one. The 12:44 minute opened at $0.90 and hit $1.02 at 12:44 p.m. About 244,000 shares traded in that one minute. The next minute traded about 356,000, the biggest minute so far, and it dropped as low as $0.89.
The lower high, the sweeps and the halt
The 12:45 minute reached $1.00, and at 12:50 p.m. it pushed to $0.99, another lower high. Big sell orders hit in this stretch. At 12:48:32 one sell order went through 29 price levels, from $0.90 to $0.8805, for 15,204 shares. At 12:53:17 another sold 15,203 shares from $0.895 to $0.8847. The 12:53 minute went down to $0.83.
At 12:54:48 it was halted (a volatility pause). The last trade was $0.77.
Stop It's 12:59. IRIX last traded at $0.77 and has been halted for about four minutes, after falling from $1.02 at 12:44. Would you buy the reopen?
Press play: the real Level 2, time and sales and chart stop at 12:59 p.m. ET for your call, then show what happened. The clip starts at 12:56 p.m. ET.
It reopened at 12:59:48 with a print of 42,465 shares at $0.75, 3% below where it stopped. The reopen minute went as high as $0.8175 and closed at $0.7997. The next minute dropped to $0.72.
The rest of the regular session
The slide kept going. It was at $0.67 at 1:03 p.m. and made the low after the open, $0.66, at 1:10 p.m., below the $0.68 previous close.
Then it crept back up for the rest of the afternoon: $0.72 around 2:00, $0.78 around 3:00, $0.83 by 3:51. At 3:55 a 45,606-share minute pushed it to $0.89. It closed the regular session at $0.86.
The regular session traded 4.27 million shares, about a quarter of the 16.9-million-share float. With after hours the day came to 7.21 million shares, 371 times normal volume.
After hours
At 4:09 p.m. it started up again, opening at $0.87. It touched $1.02 once more at 4:13, then hit $1.08 at 4:22 p.m., the high of the whole day. About 2.9 million shares traded after hours.
The fade was quick. By 4:29 it was at $0.89. By 7:58 p.m. it was $0.78, down 28% from the $1.08 top.
What to take from it
- The pushes after the top stopped lower. $1.02 at 12:44 p.m., then $1.00 at 12:45 and $0.99 at 12:50 p.m.
- The screen price is not your price in the fast moments. At the $1.02 top and at the halt reopen, a 5,000-share buy cost more than the screen showed.
- A halt can reopen below where it stopped. This one stopped at $0.77 and reopened at $0.75, and the stock fell to $0.66 by 1:10 p.m.
Why it ran
News and SEC filings for IRIX published between the previous session's close and the first minute IRIX traded 20% above it, at 12:36 p.m. ET, newest first, from the same feeds the replay shows.
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STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
How it traded
Intraday run. It opened up 0.8% at 0.6854, then ran from the open to the high of 1.02 in 194 minutes.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 6:04 a.m. | SEC filing 4: STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES | |
| 6:08 a.m. | SEC filing 4: STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES | |
| 6:10 a.m. | SEC filing 4: STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES | |
| 8:07 a.m. | Pre-market high, 0.7470 | |
| 9:30 a.m. | The open: 0.6854, up 0.8% from the previous close | |
| 12:36 p.m. | First trade 20% above the previous close of 0.6800 | |
| 12:44 p.m. | High of the day to the close, 1.02 | |
| 12:54 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 12:59 p.m. | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 0.8600, 15.7% 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
- From news to the move: the first trade 20% above the previous close came 6 hours 25 minutes after the latest SEC filing before it (4, 6:10 a.m.).
- Volume, from the one-minute bars: 2,911 shares before the 9:30 a.m. open (0%), 1,984 in the first 30 minutes (0%), and 7.20 million in the rest of the day to 8 p.m. (100%).
- The halt at 12:54 p.m.: down 16.3% in the 5 minutes into it, reopened at 0.7500, down 2.6% from the last trade before it, then down 11.1% over the next 5 minutes.
- In our recaps, this is the only day IRIX met the small-cap rule.
Halts
| Halted | Resumed | Length | Reason in the feed |
|---|---|---|---|
| 12:54 p.m. | 12:59 p.m. | 5 min 0 s | LULD pause (limit up-limit down) |
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 IRIX on October 7, 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.