Hindsight Markets Recaps Small-cap stocks on September 28, 2026
GYGY, September 28: a gap that faded
GYGY opened up 64%, 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 $1.72, on 30M shares.
The open
It opened up 64%, at $1.21.
The close
It closed at $0.8841, 49% 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 63.6% to $1.21 at the open and traded below the open by 4:00 p.m., at $0.8841.
| Time (ET) | What happened |
|---|---|
| 4:00 a.m. | First trade 20% above the previous close of $0.7396 |
| 4:38 a.m. | Volume since 4:00 a.m. passes the whole float, 5.73 million shares |
| 7:34 a.m. | Pre-market high, $1.72 |
| 7:34 a.m. | High of the day to the close, $1.72 |
| 9:30 a.m. | The open: $1.21, up 63.6% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $0.8841, 48.6% 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
- $0.7396
- Open, 9:30 a.m.
- $1.21
- Gap at the open
- +63.6%
- Pre-market high
- $1.72 at 7:34 a.m.
- High, 4 a.m. to 4 p.m.
- $1.72 at 7:34 a.m.
- Low, 4 a.m. to 4 p.m.
- $0.78
- Close, 4 p.m.
- $0.8841
- Change at 4 p.m.
- +19.5%
- After-hours high, 4 p.m. to 8 p.m.
- $0.8997 at 4:22 p.m.
- Volume, 4 a.m. to 4 p.m.
- 46.57 million
- Volume after hours, 4 p.m. to 8 p.m.
- 940,843
- Relative volume by 8 p.m.
- 22.5×
- Float
- 5.73 million shares, from filings as of September 28, 2026
- Shares outstanding
- 14.39 million
- Volume, from the one-minute bars: 30.50 million shares before the 9:30 a.m. open (64%), 5.47 million in the first 30 minutes (12%), and 11.54 million in the rest of the day to 8 p.m. (24%).
- Float rotation, the volume since 4 a.m. against the float of 5.73 million shares: past it once at 4:38 a.m., twice at 7:00 a.m., three times at 7:34 a.m.
- Other days GYGY met the small-cap rule in our recaps: 4, the latest on September 25, 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 GYGY 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 GYGY on September 28, 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.