Hindsight Markets Recaps Small-cap stocks on October 2, 2026
TNMG, October 2: news and a gap that held
TNMG opened up 11% after news and held near that level into the close.
News via Stock News API
What happened
Before the open
The news came first: news at 5:30 a.m. Before the bell it reached $5.79, on 5.5M shares.
The open
It opened up 11%, at $4.59.
The close
It closed at $4.75, 18% under its high.
What to take from it: The gap was the move. After the open it went sideways.
The details
How it traded, step by step
Gap and hold. It gapped up 10.6% to $4.59 at the open and held near or above it, trading at $4.75 at 4:00 p.m.
| Time (ET) | What happened |
|---|---|
| 5:30 a.m. | News (Newsfile Corp): TNL Mediagene Enters into Definitive Agreement to Sell Japanese Business in Management Buyout |
| 5:55 a.m. | First trade 20% above the previous close of $4.15 |
| 6:02 a.m. | Volume since 4:00 a.m. passes the whole float, 697,299 shares |
| 6:45 a.m. | Pre-market high, $5.79 |
| 6:45 a.m. | High of the day to the close, $5.79 |
| 9:30 a.m. | The open: $4.59, up 10.6% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $4.75, 17.9% 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
- $4.15
- Open, 9:30 a.m.
- $4.59
- Gap at the open
- +10.6%
- Pre-market high
- $5.79 at 6:45 a.m.
- High, 4 a.m. to 4 p.m.
- $5.79 at 6:45 a.m.
- Low, 4 a.m. to 4 p.m.
- $4.01
- Close, 4 p.m.
- $4.75
- Change at 4 p.m.
- +14.6%
- After-hours high, 4 p.m. to 8 p.m.
- $4.76 at 4:00 p.m.
- Volume, 4 a.m. to 4 p.m.
- 6.73 million
- Volume after hours, 4 p.m. to 8 p.m.
- 67,112
- Relative volume by 8 p.m.
- 6.0×
- Float
- 697,299 shares, from filings as of October 2, 2026
- Shares outstanding
- 760,573
- From news to the move: the first trade 20% above the previous close came 25 minutes after the latest news item before it (Newsfile Corp, 5:30 a.m.).
- Volume, from the one-minute bars: 5.50 million shares before the 9:30 a.m. open (81%), 320,457 in the first 30 minutes (5%), and 972,208 in the rest of the day to 8 p.m. (14%).
- Float rotation, the volume since 4 a.m. against the float of 697,299 shares: past it once at 6:02 a.m., twice at 6:12 a.m., three times at 6:31 a.m.
- Other days TNMG met the small-cap rule in our recaps: 5, the latest on October 30, 2026.
On the day's lists: the pre-market gappers, gainers, intraday runners. It is here because it met the small-cap rule on the pre-market gappers: price $2 to $20, up 10% or more, relative volume 5× or more, float under 20 million shares, 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 TNMG 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.
Analysis
Written by AI from the facts above and checked against them, number by number. A reading of the price action, not advice.
News at 5:30 a.m. about a definitive agreement for a Japanese business unit set off the move, and the first trade 20% above the previous close of 4.15 came at 5:55 a.m. Volume passed the entire 697,299-share float by 6:02 a.m., and the pre-market high of 5.79 printed at 6:45 a.m., which also stood as the high of the day. The stock gapped up 10.6% to 4.59 at the open and held above that level, though it gave back a good part of the run and last traded at 4.75 before the close. Most of the volume, 5.50 million shares, came before the open, and the halt feed shows no halts.
Trade this day
Replay TNMG on October 2, 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.