Hindsight Markets Recaps Small-cap stocks on October 13, 2026
PFAI, October 13: $8.79 before the bell, then a fade under ask walls that came and went
PFAI more than doubled at the open after news, then faded below its open by the close.
News via Stock News API
What happened
Draft for review. Not published.
News, then $8.79
The 8:15 a.m. news woke a quiet stock. It ran from $2.89 at 8:20 to $8.79 at 8:25, up 237%.
The open and the fade
It opened at $5.96 and slid to $3.97 by 9:48.
Stop It's 10:53. PFAI is at $4.75. It traded at $4.29 at 10:50 and has climbed for three minutes on bigger volume. Would you buy here?
Press play: the real Level 2, tape and chart run from 10:50 a.m. and stop at 10:53 a.m. ET for your call.
That minute ran to $5.42, and it reached $5.69 by 11:06.
A wall at $5.60
Stop It's 11:07. PFAI is at $5.50, up from $4.76 at 10:59. A large ask wall has just appeared at $5.60. Would you buy here?
Press play: the real Level 2, tape and chart run from 11:04 a.m. and stop at 11:07 a.m. ET for your call.
This wall was a lid that left. It peaked at 52K shares and was pulled at 11:09:42. Walls at $5.35 and $5.09 followed. Both were pulled, not eaten.
Stop It's 12:40. PFAI is at $5.07. It was $4.52 at 12:36. A large ask wall sits at $5.67. Would you buy here?
Press play: the real Level 2, tape and chart run from 12:37 p.m. and stop at 12:40 p.m. ET for your call.
The run topped at $5.59, eight cents under the wall. It closed at $4.54, 48% under the high.
What to take from it: The high came before the open, and the walls left without trading.
Replay PFAI's day
It starts at 8:09 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 8:12 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
Gap and fade. It gapped up 128.4% to $5.96 at the open and traded below the open by 4:00 p.m., at $4.54.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 8:15 a.m. | News (Accesswire): Pinnacle Food Group Limited Completes First Bench-Scale Fermentation of Recombinant Human Lactoferrin (rhLF) Using Methanol-Free Pichia Fermentation | |
| 8:17 a.m. | First trade 20% above the previous close of $2.61 | |
| 8:25 a.m. | Pre-market high, $8.79 | |
| 8:25 a.m. | High of the day to the close, $8.79 | |
| 8:36 a.m. | Volume since 4:00 a.m. passes the whole float, 3.57 million shares | |
| 9:30 a.m. | The open: $5.96, up 128.4% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $4.54, 48.4% 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
- $2.61
- Open, 9:30 a.m.
- $5.96
- Gap at the open
- +128.4%
- Pre-market high
- $8.79 at 8:25 a.m.
- High, 4 a.m. to 4 p.m.
- $8.79 at 8:25 a.m.
- Low, 4 a.m. to 4 p.m.
- $2.35
- Close, 4 p.m.
- $4.54
- Change at 4 p.m.
- +73.9%
- After-hours high, 4 p.m. to 8 p.m.
- $5.34 at 4:16 p.m.
- Volume, 4 a.m. to 4 p.m.
- 15.47 million
- Volume after hours, 4 p.m. to 8 p.m.
- 350,236
- Relative volume by 8 p.m.
- 18.2×
- Float
- 3.57 million shares, from filings as of October 13, 2026
- Shares outstanding
- 11.74 million
- From news to the move: the first trade 20% above the previous close came 2 minutes after the latest news item before it (Accesswire, 8:15 a.m.).
- Volume, from the one-minute bars: 8.36 million shares before the 9:30 a.m. open (53%), 1.80 million in the first 30 minutes (11%), and 5.65 million in the rest of the day to 8 p.m. (36%).
- Float rotation, the volume since 4 a.m. against the float of 3.57 million shares: past it once at 8:36 a.m., twice at 9:02 a.m., three times at 10:14 a.m.
- Other days PFAI met the small-cap rule in our recaps: 1, the latest on October 7, 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 PFAI 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 PFAI on October 13, 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.