Hindsight Markets Recaps Small-cap stocks on September 28, 2026
LABT, September 28: an 8:02 headline, $3.77 by 8:13, and $1.13 at 3:59
LABT opened up 23% after news, then faded below its open by the close.
News via Stock News API
What happened
The headline run
Positive trial data hit at 8:02 a.m., and the stock left its $1.67 close far behind. It reached $3.57 by 8:05. It topped at $3.77 at 8:13.
The $2.21 bid
The top did not hold. By 8:23 it was 41% lower, near $2.23. At 8:40:11 a 73K-share bid sat at $2.21.
Stop It's 8:42. LABT is at $2.27. A big bid wall is sitting at $2.21, just below. Would you buy here?
Press play: the real Level 2, tape and chart run from 8:39 a.m. and stop at 8:42 a.m. ET for your call.
Sellers ate it. Trades hit $2.21 at 8:42:38, and in about four seconds the wall was gone. That minute closed at $2.14.
The $1.71 wall
After a $2.06 open, the slide went on. At 9:56 an ask wall of 117K shares showed up at $1.71.
Stop It's 9:57. LABT is at $1.64, down from about $2.06 at the open. A big ask wall sits at $1.71, above the price. Would you buy here?
Press play: the real Level 2, tape and chart run from 9:54 a.m. and stop at 9:57 a.m. ET for your call.
It kept falling, to $1.54 a minute later. The wall was pulled at 10:01:30, and that minute hit $1.33. The last minute closed at $1.13, 70% below the high.
What to take from it: Here the whole move was over by 8:15, and no wall on the book stopped the fall.
Replay LABT's day
It starts at 7:58 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 8:01 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 23.4% to $2.06 at the open and traded below the open by 4:00 p.m., at $1.13.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 8:02 a.m. | News (PRNewsWire): Lakewood-Amedex Biotherapeutics Announces Positive Data Against Recent Clinical Isolates from Infected Diabetic Foot Ulcers | |
| 8:02 a.m. | First trade 20% above the previous close of $1.67 | |
| 8:07 a.m. | Volume since 4:00 a.m. passes the whole float, 2.25 million shares | |
| 8:13 a.m. | Pre-market high, $3.77 | |
| 8:13 a.m. | High of the day to the close, $3.77 | |
| 9:30 a.m. | The open: $2.06, up 23.4% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.13, 70.0% 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
- $1.67
- Open, 9:30 a.m.
- $2.06
- Gap at the open
- +23.4%
- Pre-market high
- $3.77 at 8:13 a.m.
- High, 4 a.m. to 4 p.m.
- $3.77 at 8:13 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.10
- Close, 4 p.m.
- $1.13
- Change at 4 p.m.
- −32.3%
- After-hours high, 4 p.m. to 8 p.m.
- $1.30 at 6:12 p.m.
- Volume, 4 a.m. to 4 p.m.
- 15.73 million
- Volume after hours, 4 p.m. to 8 p.m.
- 405,942
- Relative volume by 8 p.m.
- 23.5×
- Float
- 2.25 million shares, from filings as of September 28, 2026
- Shares outstanding
- 2.37 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 (PRNewsWire, 8:02 a.m.).
- Volume, from the one-minute bars: 13.19 million shares before the 9:30 a.m. open (82%), 1.26 million in the first 30 minutes (8%), and 1.69 million in the rest of the day to 8 p.m. (10%).
- Float rotation, the volume since 4 a.m. against the float of 2.25 million shares: past it once at 8:07 a.m., twice at 8:11 a.m., three times at 8:16 a.m.
- Other days LABT met the small-cap rule in our recaps: 4, the latest on October 23, 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 LABT 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 LABT on September 28, 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.