Hindsight Markets Recaps Small-cap stocks on October 9, 2026
XRTX, October 9: news and a gap that faded
XRTX opened up 14% after news, then faded below its open by the close.
News via Stock News API
What happened
Before the open
The news came first: news at 4:00 p.m. the day before. Before the bell it reached $2.30, on 4.4M shares.
The open
It opened up 14%, at $2.05.
The close
It closed at $1.41, 39% 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 13.9% to $2.05 at the open and traded below the open by 4:00 p.m., at $1.41.
| Time (ET) | What happened |
|---|---|
| Oct 8, 4:00 p.m. | News (GlobeNewsWire): XORTX Outlines Anticipated Health Canada Clinical Trial Application for XRx-026 for Gout |
| 4:00 a.m. | First trade 20% above the previous close of $1.80 |
| 7:54 a.m. | Pre-market high, $2.30 |
| 7:54 a.m. | High of the day to the close, $2.30 |
| 7:56 a.m. | Volume since 4:00 a.m. passes the whole float, 1.77 million shares |
| 9:30 a.m. | The open: $2.05, up 13.9% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.41, 38.7% 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
- $1.80
- Open, 9:30 a.m.
- $2.05
- Gap at the open
- +13.9%
- Pre-market high
- $2.30 at 7:54 a.m.
- High, 4 a.m. to 4 p.m.
- $2.30 at 7:54 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.36
- Close, 4 p.m.
- $1.41
- Change at 4 p.m.
- −21.7%
- After-hours high, 4 p.m. to 8 p.m.
- $1.89 at 5:21 p.m.
- Volume, 4 a.m. to 4 p.m.
- 5.86 million
- Volume after hours, 4 p.m. to 8 p.m.
- 698,330
- Relative volume by 8 p.m.
- 12.2×
- Float
- 1.77 million shares, from filings as of October 9, 2026
- Shares outstanding
- 1.82 million
- From news to the move: the first trade 20% above the previous close came 12 hours after the latest news item before it (GlobeNewsWire, Oct 8, 4:00 p.m.).
- Volume, from the one-minute bars: 4.42 million shares before the 9:30 a.m. open (67%), 451,079 in the first 30 minutes (7%), and 1.68 million in the rest of the day to 8 p.m. (26%).
- Float rotation, the volume since 4 a.m. against the float of 1.77 million shares: past it once at 7:56 a.m., twice at 8:23 a.m., three times at 10:53 a.m.
- Other days XRTX met the small-cap rule in our recaps: 5, the latest on October 8, 2026.
On the day's lists: the pre-market gappers, 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 XRTX 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 XRTX on October 9, 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.