Hindsight Markets Recaps Small-cap stocks on October 15, 2026
DRMA, October 15: an 8:05 headline, one halt, and $1.18
DRMA opened up 23% after news, ran to $1.18 through one halt, then gave back most of the run by the close.
News via Stock News API
What happened
A headline lit it up
DRMA closed the day before at $0.626. At 8:05 a positive study headline hit, and it jumped from $0.66 to $0.80 in a minute.
A 193,640-share bid wall sat at $0.85. It was pulled at 8:33:06.
Toward the high
Stop It's 10:25. DRMA is at $0.95. The pre-market high of $1.06 sits just above. Would you buy here?
Press play: the real Level 2, tape and chart run from 10:22 a.m. and stop at 10:25 a.m. ET for your call.
It went through. Two buy sweeps pushed it to $1.11, and at 10:26:49 it was halted.
Stop It's 10:31. DRMA has been halted for about four minutes. The last trade before the halt was $1.11, and the reopen is under a minute away. Would you buy at the reopen?
Press play: the real Level 2, tape and chart run from 10:28 a.m. and stop at 10:31 a.m. ET for your call.
It reopened at 10:31:49 with a 405K-share print at $1.13. The high of $1.18 came that minute. A big sell sweep hit at once.
The $1.00 bid gave way
A bid wall sat at $1.00 and grew to 141K shares.
Stop It's 11:05. DRMA is at $1.01. A large bid wall has sat at $1.00 since about 10:41, one cent below. Would you buy here?
Press play: the real Level 2, tape and chart run from 11:02 a.m. and stop at 11:05 a.m. ET for your call.
140,684 shares traded at $1.00 in 17 seconds and the wall was eaten. The stock never got back above $1.02 in regular hours. It closed at $0.8935.
What to take from it: A big bid is not a floor: the $1.00 wall was eaten in 17 seconds.
Replay DRMA's day
It starts at 8:01 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 8:04 a.m. and asks what you would do. Or press Play on any moment in How it traded.
The details
How it traded, step by step
Gap, run, gave some back. It gapped up 22.8% to $0.7685 at the open, ran from the open to the high of $1.18 in 61 minutes through a halt, then gave back 70% of that move by 4:00 p.m., trading at $0.8935, still above the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 8:05 a.m. | News (Accesswire): Dermata Therapeutics Announces Positive Topline Results from Cosmetic Study Evaluating Its Tome Foundational Treatment | |
| 8:05 a.m. | First trade 20% above the previous close of $0.626 | |
| 8:20 a.m. | Volume since 4:00 a.m. passes the whole float, 4.44 million shares | |
| 8:22 a.m. | Pre-market high, $1.06 | |
| 9:30 a.m. | The open: $0.7685, up 22.8% from the previous close | |
| 10:31 a.m. | High of the day to the close, $1.18 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $0.8935, 24.3% below the high |
The shape's name comes from a fixed rule, not a judgement (how shapes are named). Halts are in the halt table below.
The day in numbers
- Previous close
- $0.626
- Open, 9:30 a.m.
- $0.7685
- Gap at the open
- +22.8%
- Pre-market high
- $1.06 at 8:22 a.m.
- High, 4 a.m. to 4 p.m.
- $1.18 at 10:31 a.m.
- Low, 4 a.m. to 4 p.m.
- $0.6434
- Close, 4 p.m.
- $0.8935
- Change at 4 p.m.
- +42.7%
- After-hours high, 4 p.m. to 8 p.m.
- $1.05 at 5:28 p.m.
- Volume, 4 a.m. to 4 p.m.
- 47.64 million
- Volume after hours, 4 p.m. to 8 p.m.
- 1.24 million
- Relative volume by 8 p.m.
- 2971.5×
- Float
- 4.44 million shares, from filings as of October 15, 2026
- Shares outstanding
- 4.96 million
- From news to the move: the first trade 20% above the previous close came less than a minute after the latest news item before it (Accesswire, 8:05 a.m.).
- Volume, from the one-minute bars: 17.13 million shares before the 9:30 a.m. open (35%), 8.17 million in the first 30 minutes (17%), and 23.57 million in the rest of the day to 8 p.m. (48%).
- Float rotation, the volume since 4 a.m. against the float of 4.44 million shares: past it once at 8:20 a.m., twice at 8:31 a.m., three times at 8:48 a.m.
- Other days DRMA met the small-cap rule in our recaps: 2, the latest on August 12, 2026.
On the day's lists: the intraday runners. It is here because it was in play on the intraday runners: up 30% or more on $3 million or more really traded, outside the small-cap rule's price, relative volume or float, its high reached $1 or more and it started the day at $20 or under (the rule every page uses).
Halts (1)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed | Watch it |
|---|---|---|---|---|---|---|---|
| 10:26 a.m. | 10:31 a.m. | 5 min 0 s | up 24.1% | $1.13, up 1.8% | down 8.8% | LULD pause (limit up-limit down) |
Halt bands that day: the LULD plan's Amendment 18 rules (what that means, LULD calculator).
How we read the data, name a day's shape and pick the stocks: methodology.
Trade this day
Replay DRMA on October 15, 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.