Hindsight Markets Recaps Small-cap stocks on October 23, 2026
AIXI, October 23: a gap that faded
AIXI opened up 29%, then faded below its open by the close.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $3.60, on 6.4M shares.
The open
It opened up 29%, at $3.19.
The close
It closed at $2.94, 18% 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 28.6% to $3.19 at the open and traded below the open by 4:00 p.m., at $2.94.
| Time (ET) | What happened |
|---|---|
| 8:10 a.m. | First trade 20% above the previous close of $2.48 |
| 8:13 a.m. | Volume since 4:00 a.m. passes the whole float, 549,579 shares |
| 8:15 a.m. | Pre-market high, $3.60 |
| 8:15 a.m. | High of the day to the close, $3.60 |
| 9:30 a.m. | The open: $3.19, up 28.6% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $2.94, 18.5% 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
- $2.48
- Open, 9:30 a.m.
- $3.19
- Gap at the open
- +28.6%
- Pre-market high
- $3.60 at 8:15 a.m.
- High, 4 a.m. to 4 p.m.
- $3.60 at 8:15 a.m.
- Low, 4 a.m. to 4 p.m.
- $2.56
- Close, 4 p.m.
- $2.94
- Change at 4 p.m.
- +18.3%
- After-hours high, 4 p.m. to 8 p.m.
- $3.07 at 4:31 p.m.
- Volume, 4 a.m. to 4 p.m.
- 9.16 million
- Volume after hours, 4 p.m. to 8 p.m.
- 83,756
- Relative volume by 8 p.m.
- 1.1×
- Float
- 549,579 shares, from filings as of October 23, 2026
- Shares outstanding
- 565,211
- Volume, from the one-minute bars: 6.35 million shares before the 9:30 a.m. open (69%), 1.73 million in the first 30 minutes (19%), and 1.16 million in the rest of the day to 8 p.m. (13%).
- Float rotation, the volume since 4 a.m. against the float of 549,579 shares: past it once at 8:13 a.m., twice at 8:15 a.m., three times at 8:17 a.m.
- Other days AIXI met the small-cap rule in our recaps: 11, the latest on October 20, 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 AIXI 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 AIXI on October 23, 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.