Hindsight Markets Recaps Small-cap stocks on September 2, 2026
CANF, September 2: news and a pre-market spike to $4.93
CANF spiked to $4.93 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 7:00 a.m. Before the bell it reached $4.93, on 8.4M shares.
The open
It opened down 16%, at $2.78.
The close
It closed at $2.36, 52% 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 49.8% from $3.29 to $4.93 at 7:02 a.m.. It opened down 15.5% at $2.78 and traded at $2.36 at 4:00 p.m.
| Time (ET) | What happened |
|---|---|
| 7:00 a.m. | News (GlobeNewsWire): Can-Fite Reports Longer-Than-Anticipated Overall Survival in Ongoing Pivotal Phase III Liver Cancer Study |
| 7:00 a.m. | First trade 20% above the previous close of $3.29 |
| 7:02 a.m. | Pre-market high, $4.93 |
| 7:02 a.m. | High of the day to the close, $4.93 |
| 7:09 a.m. | Volume since 4:00 a.m. passes the whole float, 2.13 million shares |
| 9:30 a.m. | The open: $2.78, down 15.5% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $2.36, 52.1% 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
- $3.29
- Open, 9:30 a.m.
- $2.78
- Gap at the open
- −15.5%
- Pre-market high
- $4.93 at 7:02 a.m.
- High, 4 a.m. to 4 p.m.
- $4.93 at 7:02 a.m.
- Low, 4 a.m. to 4 p.m.
- $2.32
- Close, 4 p.m.
- $2.36
- Change at 4 p.m.
- −28.3%
- After-hours high, 4 p.m. to 8 p.m.
- $2.47 at 5:41 p.m.
- Volume, 4 a.m. to 4 p.m.
- 9.35 million
- Volume after hours, 4 p.m. to 8 p.m.
- 85,049
- Relative volume by 8 p.m.
- 511.6×
- Float
- 2.13 million shares, from filings as of September 2, 2026
- Shares outstanding
- 2.14 million
- From news to the move: the first trade 20% above the previous close came less than a minute after the latest news item before it (GlobeNewsWire, 7:00 a.m.).
- Volume, from the one-minute bars: 8.38 million shares before the 9:30 a.m. open (89%), 289,293 in the first 30 minutes (3%), and 767,357 in the rest of the day to 8 p.m. (8%).
- Float rotation, the volume since 4 a.m. against the float of 2.13 million shares: past it once at 7:09 a.m., twice at 7:24 a.m., three times at 8:09 a.m.
- In our recaps, this is the only day CANF met the small-cap rule.
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 CANF 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 CANF on September 2, 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.