Hindsight Markets Recaps Small-cap stocks on October 6, 2026
NXAT, October 6: a 7:30 headline, $1.42, and a $0.70 bid wall
NXAT spiked to $1.42 before the open after news, then gave much of it back in the session.
News via Stock News API
What happened
Draft for review. Not published.
The 7:30 headline
The reverse-merger headline at 7:30 a.m. woke a stock that had barely traded overnight. That minute traded 444K shares and hit $1.42.
The $0.93 bid did not hold. It peaked at 37K shares, then was pulled at 7:37:23 as sellers swept through. Only 5,480 shares traded there.
Stop It's 7:40. NXAT is at $0.85. It was $1.42 ten minutes ago and is now below the $0.86 previous close. Would you buy here?
Press play: the real Level 2, tape and chart run from 7:37 a.m. and stop at 7:40 a.m. ET for your call.
The $0.70 wall
It kept falling. From 7:40 a bid of 36K shares sat at $0.70. At 7:53:26 sellers started hitting it, and in 12 seconds the wall was gone. That minute's low was $0.6625.
The open and close
The open did not bring buyers back. It opened at $0.78, below the $0.86 previous close, and slid to $0.68 by 9:39.
Stop It's 9:51. NXAT is at $0.71, down from the $0.78 open. Would you buy here?
Press play: the real Level 2, tape and chart run from 9:48 a.m. and stop at 9:51 a.m. ET for your call.
At 9:51:07 a seller swept 36K shares down to $0.66. The day's low came at 9:56: $0.6208. It traded mostly between $0.71 and $0.75 the rest of the day and closed at $0.75.
What to take from it: The headline's first minute was the top, and the big bids under it did not hold.
Replay NXAT's day
It starts at 9:54 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 9:57 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
Pre-market spike. Before the open it spiked 64.9% from $0.8611 to $1.42 at 7:30 a.m.. It opened down 9.9% at $0.776 and traded at $0.746 at 4:00 p.m.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 7:30 a.m. | News (GlobeNewsWire): Nexus Advanced Technologies Signs Confidential Exclusivity for Proposed $500 Million Reverse Merger | |
| 7:30 a.m. | First trade 20% above the previous close of $0.8611 | |
| 7:30 a.m. | Pre-market high, $1.42 | |
| 7:30 a.m. | High of the day to the close, $1.42 | |
| 7:33 a.m. | Volume since 4:00 a.m. passes the whole float, 2.16 million shares | |
| 9:30 a.m. | The open: $0.776, down 9.9% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $0.746, 47.5% 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
- $0.8611
- Open, 9:30 a.m.
- $0.776
- Gap at the open
- −9.9%
- Pre-market high
- $1.42 at 7:30 a.m.
- High, 4 a.m. to 4 p.m.
- $1.42 at 7:30 a.m.
- Low, 4 a.m. to 4 p.m.
- $0.6208
- Close, 4 p.m.
- $0.746
- Change at 4 p.m.
- −13.4%
- After-hours high, 4 p.m. to 8 p.m.
- $0.7489 at 5:11 p.m.
- Volume, 4 a.m. to 4 p.m.
- 6.19 million
- Volume after hours, 4 p.m. to 8 p.m.
- 67,731
- Relative volume by 8 p.m.
- 152.6×
- Float
- 2.16 million shares, from filings as of October 6, 2026
- Shares outstanding
- 3.24 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 (GlobeNewsWire, 7:30 a.m.).
- Volume, from the one-minute bars: 5.32 million shares before the 9:30 a.m. open (85%), 303,859 in the first 30 minutes (5%), and 635,561 in the rest of the day to 8 p.m. (10%).
- Float rotation, the volume since 4 a.m. against the float of 2.16 million shares: past it once at 7:33 a.m., twice at 7:44 a.m.
- Other days NXAT met the small-cap rule in our recaps: 1, the latest on October 7, 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 NXAT 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 NXAT on October 6, 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.