Hindsight Markets Recaps Small-cap stocks on September 28, 2026
MEDS, September 28: a 6:00 headline, walls under $5, and $4.87
MEDS opened up 28% after news, ran to $4.65, then gave back most of the run by the close.
News via Stock News API
What happened
Headline and top
The 6:00 a.m. app-launch headline lit up MEDS from a $3.11 close. By 6:37, more shares had traded than the whole float. It peaked at $4.87 at 6:52, just under ask walls at $4.95 and $5.00.
The second push
Stop It's 10:48. MEDS is at $3.93. Since 10:12 it has stayed between $3.71 and $4.00. Would you buy here?
Press play: the real Level 2, tape and chart run from 10:45 a.m. and stop at 10:48 a.m. ET for your call.
It broke out. A buy sweep at 10:48:36 lifted it to $4.20. Benzinga ran a story at 10:59. A 48K-share ask wall at $4.47 was pulled at 11:00:39.
Stop It's 11:04. MEDS is at $4.44, up from $3.79 at 10:41. An ask wall of up to about 52,000 shares has been offered at $4.81 since 11:01. Would you buy here?
Press play: the real Level 2, tape and chart run from 11:01 a.m. and stop at 11:04 a.m. ET for your call.
It topped at $4.65 at 11:05, a lower high than 6:52. It never reached $4.81, and that wall was pulled at 11:06:51.
The $3.90 bid
Stop It's 1:35. MEDS is at $4.08. A bid at $3.90 has been on the book since 1:14 p.m. and peaked at 54,666 shares. Would you buy here?
Press play: the real Level 2, tape and chart run from 1:32 p.m. and stop at 1:35 p.m. ET for your call.
The bid was pulled at 1:35:13 without trading there. The stock slid into the afternoon and closed at $3.81, 22% under the high.
What to take from it: Big walls on this day, above and below the price, vanished without trading.
Replay MEDS's day
It starts at 9:36 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 9:39 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, run, gave some back. It gapped up 27.7% to $3.97 at the open, ran from the open to the high of $4.65 in 95 minutes, then gave back 124% of that move by 4:00 p.m., trading at $3.81, still above the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 6:00 a.m. | News (Accesswire): DataMeds AI and Tollo Health Announce Launch of 'Health Lives Here' Mobile Application | |
| 6:03 a.m. | First trade 20% above the previous close of $3.11 | |
| 6:37 a.m. | Volume since 4:00 a.m. passes the whole float, 2.38 million shares | |
| 6:52 a.m. | Pre-market high, $4.87 | |
| 6:52 a.m. | High of the day to the close, $4.87 | |
| 9:30 a.m. | The open: $3.97, up 27.7% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $3.81, 21.8% 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
- $3.11
- Open, 9:30 a.m.
- $3.97
- Gap at the open
- +27.7%
- Pre-market high
- $4.87 at 6:52 a.m.
- High, 4 a.m. to 4 p.m.
- $4.87 at 6:52 a.m.
- Low, 4 a.m. to 4 p.m.
- $3.00
- Close, 4 p.m.
- $3.81
- Change at 4 p.m.
- +22.5%
- After-hours high, 4 p.m. to 8 p.m.
- $4.12 at 6:02 p.m.
- Volume, 4 a.m. to 4 p.m.
- 13.86 million
- Volume after hours, 4 p.m. to 8 p.m.
- 170,917
- Relative volume by 8 p.m.
- 2.6×
- Float
- 2.38 million shares, from filings as of September 28, 2026
- Shares outstanding
- 3.06 million
- From news to the move: the first trade 20% above the previous close came 3 minutes after the latest news item before it (Accesswire, 6:00 a.m.).
- Volume, from the one-minute bars: 7.79 million shares before the 9:30 a.m. open (56%), 1.21 million in the first 30 minutes (9%), and 5.02 million in the rest of the day to 8 p.m. (36%).
- Float rotation, the volume since 4 a.m. against the float of 2.38 million shares: past it once at 6:37 a.m., twice at 6:54 a.m., three times at 8:02 a.m.
- Other days MEDS met the small-cap rule in our recaps: 8, the latest on October 12, 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 MEDS 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 MEDS 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.