Hindsight Markets / Small-cap stocks on October 8, 2026

PCRX on October 8, 2026: why it ran

Published October 12, 2026 · By Hindsight Markets

On October 8, 2026, PCRX opened up 44.2% from the previous close of 25.20 and reached 36.46 at 3:59 p.m. ET. The exchange halted it once.

Previous close

25.20

Open, 9:30 a.m.

36.33

Gap at the open

up 44.2%

Pre-market high

36.40 at 8:19 a.m.

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

36.46 at 3:59 p.m.

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

25.01

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

36.44 at 4:30 p.m.

Last trade before 4:00 p.m.

36.40

Volume

16.97 million

Relative volume

49.9x

Float

28.14 million shares, from filings as of October 8, 2026

Shares outstanding

39.86 million

Halts

1

Why it ran

News and SEC filings for PCRX published between the previous session's close and the first minute PCRX traded 20% above it, at 8:15 a.m. ET, newest first, from the same feeds the replay shows.

1. 7:50 a.m. ET · Reuters

   Viatris to buy pain therapy maker Pacira Biosciences for $1.65 billion

2. 7:45 a.m. ET · PRNewsWire

   Viatris Agrees to Acquire Pacira BioSciences, Advancing Its Innovative Medicines Strategy and Becoming a Leader in Non-Opioid Pain Therapies

News via Stock News API

How it traded

Gap and hold. It gapped up 44.2% to 36.33 at the open and held above it, trading at 36.40 at 4:00 p.m.

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 24 minutes after the latest news item before it (Reuters, 7:50 a.m.).
• Volume, from the one-minute bars: 5.80 million shares before the 9:30 a.m. open (34%), 5.68 million in the first 30 minutes (34%), and 5.49 million in the rest of the day to 8 p.m. (32%).
• The halt at 7:40 a.m.: up 3.1% in the 5 minutes into it, reopened at 36.25, up 40.6% from the last trade before it, then up 0.3% over the next 5 minutes.
• In our recaps, this is the only day PCRX 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.