Hindsight Markets Recaps Small-cap stocks on October 8, 2026
HKIT, October 8: a 6-K and $4.70
HKIT opened near its previous close after a 6-K, then ran to $3.47 during the session.
What happened
Before the open
The news came first: a 6-K at 7:45 a.m. Before the bell it reached $4.70, on 3.9M shares.
The open
It opened near its previous close, at $2.33. It ran to $3.47 by 2:32 p.m.
The close
It closed at $2.50, 47% under its high.
What to take from it: The move came during the session, not at the open.
The details
How it traded, step by step
Intraday run. It opened down 6.4% at $2.33, then ran from the open to the high of $3.47 in 302 minutes.
| Time (ET) | What happened |
|---|---|
| 7:45 a.m. | SEC filing 6-K: REPORT OF FOREIGN PRIVATE ISSUER |
| 7:51 a.m. | First trade 20% above the previous close of $2.49 |
| 7:53 a.m. | Pre-market high, $4.70 |
| 7:53 a.m. | Volume since 4:00 a.m. passes the whole float, 799,860 shares |
| 7:53 a.m. | High of the day to the close, $4.70 |
| 9:30 a.m. | The open: $2.33, down 6.4% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $2.50, 46.8% 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
- $2.49
- Open, 9:30 a.m.
- $2.33
- Gap at the open
- −6.4%
- Pre-market high
- $4.70 at 7:53 a.m.
- High, 4 a.m. to 4 p.m.
- $4.70 at 7:53 a.m.
- Low, 4 a.m. to 4 p.m.
- $2.11
- Close, 4 p.m.
- $2.50
- Change at 4 p.m.
- +0.4%
- After-hours high, 4 p.m. to 8 p.m.
- $2.64 at 5:39 p.m.
- Volume, 4 a.m. to 4 p.m.
- 5.21 million
- Volume after hours, 4 p.m. to 8 p.m.
- 46,864
- Relative volume by 8 p.m.
- 331.3×
- Float
- 799,860 shares, from filings as of October 8, 2026
- Shares outstanding
- 1.13 million
- From news to the move: the first trade 20% above the previous close came 5 minutes after the latest SEC filing before it (6-K, 7:45 a.m.).
- Volume, from the one-minute bars: 3.92 million shares before the 9:30 a.m. open (74%), 87,382 in the first 30 minutes (2%), and 1.26 million in the rest of the day to 8 p.m. (24%).
- Float rotation, the volume since 4 a.m. against the float of 799,860 shares: past it once at 7:53 a.m., twice at 7:55 a.m., three times at 7:58 a.m.
- Other days HKIT met the small-cap rule in our recaps: 2, the latest on August 18, 2026.
On the day's lists: the intraday runners. It is here because it met the small-cap rule on the intraday runners: 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 HKIT 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 HKIT on October 8, 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.