Hindsight Markets Recaps Small-cap stocks on August 25, 2026
BDRX, August 25: a gap that faded
BDRX opened up 21%, then faded below its open by the close.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $2.09, on 8.4M shares.
The open
It opened up 21%, at $1.46.
The close
It closed at $1.17, 44% under its high.
What to take from it: A big gap is not a trend. This one traded below its open by the close.
The details
How it traded, step by step
Gap and fade. It gapped up 21.3% to $1.46 at the open and traded below the open by 4:00 p.m., at $1.17.
| Time (ET) | What happened |
|---|---|
| 4:55 a.m. | First trade 20% above the previous close of $1.20 |
| 5:03 a.m. | Volume since 4:00 a.m. passes the whole float, 926,260 shares |
| 6:18 a.m. | Pre-market high, $2.09 |
| 6:18 a.m. | High of the day to the close, $2.09 |
| 9:30 a.m. | The open: $1.46, up 21.3% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.17, 44.0% 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
- $1.20
- Open, 9:30 a.m.
- $1.46
- Gap at the open
- +21.3%
- Pre-market high
- $2.09 at 6:18 a.m.
- High, 4 a.m. to 4 p.m.
- $2.09 at 6:18 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.15
- Close, 4 p.m.
- $1.17
- Change at 4 p.m.
- −2.5%
- After-hours high, 4 p.m. to 8 p.m.
- $1.19 at 4:04 p.m.
- Volume, 4 a.m. to 4 p.m.
- 10.02 million
- Volume after hours, 4 p.m. to 8 p.m.
- 381,323
- Relative volume by 8 p.m.
- 109.8×
- Float
- 926,260 shares, from filings as of August 25, 2026
- Shares outstanding
- 1.03 million
- Volume, from the one-minute bars: 8.39 million shares before the 9:30 a.m. open (81%), 429,113 in the first 30 minutes (4%), and 1.58 million in the rest of the day to 8 p.m. (15%).
- Float rotation, the volume since 4 a.m. against the float of 926,260 shares: past it once at 5:03 a.m., twice at 5:10 a.m., three times at 5:24 a.m.
- Other days BDRX met the small-cap rule in our recaps: 2, the latest on September 15, 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 (none)
The exchange's halt feed shows no halts for BDRX that day.
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 BDRX on August 25, 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.