Hindsight Markets Recaps Small-cap stocks on October 16, 2026
TNMG, October 16: news and a pre-market spike to $4.29
TNMG spiked to $4.29 before the open after news, then gave much of it back in the session.
News via Stock News API
What happened
Before the open
The news came first: news at 6:30 a.m. Before the bell it reached $4.29, on 896K shares.
The open
It opened near its previous close, at $3.40.
The close
It closed at $3.18, 26% under its high.
What to take from it: The move happened before the bell. The regular session never got back to the pre-market high.
The details
How it traded, step by step
Pre-market spike. Before the open it spiked 32.0% from $3.25 to $4.29 at 6:39 a.m.. It opened up 4.6% at $3.40 and traded at $3.18 at 4:00 p.m.
| Time (ET) | What happened |
|---|---|
| 6:30 a.m. | News (Newsfile Corp): TNL Mediagene Regains Compliance with Nasdaq Minimum Bid Price Requirement |
| 6:39 a.m. | First trade 20% above the previous close of $3.25 |
| 6:39 a.m. | Pre-market high, $4.29 |
| 6:39 a.m. | High of the day to the close, $4.29 |
| 8:17 a.m. | Volume since 4:00 a.m. passes the whole float, 697,299 shares |
| 9:30 a.m. | The open: $3.40, up 4.6% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $3.18, 25.9% 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
- $3.25
- Open, 9:30 a.m.
- $3.40
- Gap at the open
- +4.6%
- Pre-market high
- $4.29 at 6:39 a.m.
- High, 4 a.m. to 4 p.m.
- $4.29 at 6:39 a.m.
- Low, 4 a.m. to 4 p.m.
- $2.88
- Close, 4 p.m.
- $3.18
- Change at 4 p.m.
- −2.2%
- After-hours high, 4 p.m. to 8 p.m.
- $3.21 at 4:13 p.m.
- Volume, 4 a.m. to 4 p.m.
- 1.04 million
- Volume after hours, 4 p.m. to 8 p.m.
- 16,360
- Relative volume by 8 p.m.
- 0.7×
- Float
- 697,299 shares, from filings as of October 16, 2026
- Shares outstanding
- 760,573
- From news to the move: the first trade 20% above the previous close came 9 minutes after the latest news item before it (Newsfile Corp, 6:30 a.m.).
- Volume, from the one-minute bars: 896,330 shares before the 9:30 a.m. open (85%), 34,554 in the first 30 minutes (3%), and 126,706 in the rest of the day to 8 p.m. (12%).
- Float rotation, the volume since 4 a.m. against the float of 697,299 shares: past it once at 8:17 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 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 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.
Trade this day
Replay TNMG on October 16, 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.