Hindsight Markets Small-cap stocks on October 12, 2026
GIXI on October 12, 2026: why it ran
On October 12, 2026, GIXI opened up 51.0% from the previous close of 3.96 and reached 10.16 at 7:39 a.m. ET. The exchange halted it 7 times.
- Previous close
- 3.96
- Open, 9:30 a.m.
- 5.98
- Gap at the open
- up 51.0%
- Pre-market high
- 10.16 at 7:39 a.m.
- High, 4 a.m. to 4 p.m.
- 10.16 at 7:39 a.m.
- Low, 4 a.m. to 4 p.m.
- 3.78
- After-hours high, 4 p.m. to 8 p.m.
- 4.72 at 4:00 p.m.
- Last trade before 4:00 p.m.
- 4.68
- Volume
- 15.27 million
- Relative volume
- 1446.9x
- Float
- not available
- Shares outstanding
- not available
Replay GIXI's day
It starts at 7:28 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 7:31 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
- Main move: pre-market
- High volume spike
- No news in the data
- Halted seven times
- Walls pulled
- Gap, run and fade
The day before
On October 9, GIXI traded between $3.65 and $4.10 and closed at $3.96. A total of 4,329 shares changed hands that day.
On the 12th the data has no news headline or filing. Nothing here explains what came next.
Pre-market
For the first three and a half hours there was almost no trading. Four minutes had trades before 7:32 a.m. (4:12, 4:13, 5:31 and 5:55), and none was over 103 shares. At 7:32 a.m. the volume was 1,635 shares, and it started to move.
At 7:34 a.m. it traded through $5.00 for the first time.
Stop It's 7:35 a.m. GIXI is at $4.66 in pre-market, a minute after trading through $5.00. Volume has only just started to pick up. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 7:35 a.m. ET for your call, then show what happened. The clip starts at 7:32 a.m. ET.
Here's what happened. From $4.36 at 7:35 a.m. it ran to $10.14 at 7:37 a.m., up 133%. About 940,000 shares traded in the four minutes from 7:36 to 7:39.
It reached $10.16, the high so far, at 7:39 a.m., up 157% from the $3.96 previous close. By 7:41 it had traded as low as $6.68.
It came back once more. At 7:42 a.m. it pushed to $9.30, a lower high under the $10.16 top. By 7:47 a.m. it had traded down to $5.57.
It then spent the rest of pre-market between about $5 and $7.42. Down at $4.98 at 9:15 a.m., it was back at $6.34 by 9:26 a.m. In all, 6.13 million shares traded before the bell.
The open and the first halts
It opened at $5.98, up 51% from the previous close. The 9:30 minute reached $6.61.
At 9:31:25 it was halted (a volatility pause). It had stopped at $5.67 and reopened at 9:36:25 at $5.49, lower than where it stopped. A single trade of 14,006 shares at $5.49 opened it.
It was halted again at 9:36:54, reopening at 9:41:54 with an 18,819-share trade at $6.00. Then a third halt came at 9:46:07, reopening at 9:51:07 with 11,358 shares at $5.31.
The wall at $7.61
Stop It's 10:00. GIXI is at $6.52 and has been halted three times since the open. Stock is just starting to be offered at $7.61. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 10:00 a.m. ET for your call, then show what happened. The clip starts at 9:57 a.m. ET.
It dipped first. It was halted a fourth time at 10:04:25 and reopened at 10:09:25 with 14,131 shares at $5.83. Then it was halted at 10:12:35 and reopened at 10:17:35 with 20,798 shares at $6.69.
Buyers came in fast. At 10:11:47 one buy order swept 23,825 shares from $6.29 to $6.54 across 24 price levels. At 10:17:46 another took 20,477 shares from $6.98 to $7.19. At 10:18:01 the $7.61 offer was pulled. By 10:19 it had reached $7.77.
A new wall went up at $9.63 at 10:19:58. It peaked at 45,616 shares at 10:21:06. That is much bigger than the one at $7.61. While it stood, the price never got above $8.34. At 10:23 it hit $8.34, the regular-session high so far, on 354,206 shares in that one minute. At 10:24:16 the $9.63 wall was pulled, and in the same second a 17,561-share sell order ran from $7.92 down to $7.60.
It held between about $7.12 and $8.33 for a while. It was halted a sixth time at 10:32:32 and reopened at 10:37:32 at $7.22, with 22,186 shares in one trade. Buyers swept 23,977 shares from $8.05 to $8.23 at 10:39:53, then sellers hit it twice more by 10:40:53. By 10:50 it had drifted down to $6.60.
The bid at $5.21
At 11:04:54 a bid for stock appeared at $5.29. It grew to 25,625 shares at 11:12.
At 11:11:23 it was halted for the seventh time, and it reopened at 11:16:23 at $6.40 with an 18,803-share trade.
Then the bid moved around. The $5.29 bid was pulled at 11:18:49. A $5.69 bid appeared that second and was pulled at 11:20:39. The $5.29 bid came back and was pulled at 11:23:22. The price kept sinking, to $5.72 at 11:22.
At 11:23:22 a new bid showed up at $5.21. It peaked at 28,557 shares at 11:24:51. By 12:09 it had sat there for about 46 minutes while the price stayed between $5.29 and $6.10.
Stop It's 12:09. GIXI is at $5.76. A large bid has sat at $5.21 since 11:23, below the price. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 12:09 p.m. ET for your call, then show what happened. The clip starts at 12:06 p.m. ET.
Here's what happened. At 12:10:06 a 23,105-share sell order ran from $5.94 to $5.75 across three levels. At 12:10:07 the bid at $5.21 was pulled, and the size left the book without trading there. The 12:10 minute still ran from $5.76 to $6.13, and it reached $6.26 at 12:12.
The rest of the day
It faded through the afternoon: $5.29 at 12:49, $4.84 at 1:07 p.m., and $4.20 at 1:37 p.m., the low of the day after the open.
From there it traded in a narrow range, between $4.20 and $4.89 through the close. It finished at $4.68 at the close.
Regular-session volume was 8.99 million shares. With 6.13 million pre-market and 154,173 after hours, the whole day came to 15.27 million, about 1,450 times its normal volume. After hours it slipped to $4.07 by the last print at 7:58 p.m.
What to take from it
- After the top, the next push stopped lower. $10.16 at 7:39 a.m., then $9.30 at 7:42 a.m.
- On this day, buying right after every halt reopen cost more than the screen said. At 9:41:55 the screen said $5.85 and a 5,000-share order averaged $6.05. At 11:16:24 it was $976 over.
- Almost all of the move was gone by the close. It closed at $4.68, 54% below the $10.16 high.
Why it ran
News and SEC filings for GIXI published between the previous session's close and the first minute GIXI traded 20% above it, at 7:34 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 51.0% to 5.98 at the open, ran from the open to the high of 8.34 in 53 minutes through 5 halts, then gave back 155% of that move by 4:00 p.m., trading at 4.68.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 7:34 a.m. | First trade 20% above the previous close of 3.96 | |
| 7:39 a.m. | Pre-market high, 10.16 | |
| 7:39 a.m. | High of the day to the close, 10.16 | |
| 9:30 a.m. | The open: 5.98, up 51.0% from the previous close | |
| 9:31 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 9:36 a.m. | |
| 9:36 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 9:41 a.m. | |
| 9:46 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 9:51 a.m. | |
| 10:04 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 10:09 a.m. | |
| 10:12 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 10:17 a.m. | |
| 10:32 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 10:37 a.m. | |
| 11:11 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 11:16 a.m. | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 4.68, 53.9% 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: 6.13 million shares before the 9:30 a.m. open (40%), 1.05 million in the first 30 minutes (7%), and 8.09 million in the rest of the day to 8 p.m. (53%).
- The halt at 9:31 a.m.: down 9.3% in the 5 minutes into it, reopened at 5.49, down 3.2% from the last trade before it.
- The halt at 9:36 a.m.: up 6.5% in the 5 minutes into it, reopened at 6.00, down 0.7% from the last trade before it, then down 11.5% over the next 5 minutes.
- The halt at 9:46 a.m.: down 13.8% in the 5 minutes into it, reopened at 5.31, unchanged from the last trade before it, then up 5.3% over the next 5 minutes.
- The halt at 10:04 a.m.: down 10.4% in the 5 minutes into it, reopened at 5.83, down 0.2% from the last trade before it, then up 16.1% over the next 5 minutes.
- The halt at 10:12 a.m.: up 15.9% in the 5 minutes into it, reopened at 6.69, down 1.2% from the last trade before it, then up 9.7% over the next 5 minutes.
- The halt at 10:32 a.m.: down 10.6% in the 5 minutes into it, reopened at 7.22, up 1.4% from the last trade before it, then up 2.4% over the next 5 minutes.
- The halt at 11:11 a.m.: down 13.3% in the 5 minutes into it, reopened at 6.40, unchanged from the last trade before it, then down 0.5% over the next 5 minutes.
- Other days GIXI met the small-cap rule in our recaps: 1, the latest on September 2, 2026.
Halts
| Halted | Resumed | Length | Reason in the feed |
|---|---|---|---|
| 9:31 a.m. | 9:36 a.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 9:36 a.m. | 9:41 a.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 9:46 a.m. | 9:51 a.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 10:04 a.m. | 10:09 a.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 10:12 a.m. | 10:17 a.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 10:32 a.m. | 10:37 a.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 11:11 a.m. | 11:16 a.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 GIXI on October 12, 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.