Hindsight Markets Recaps Small-cap stocks on September 28, 2026
SCYX, September 28: a 7:30 headline, $6.77 in a minute, and $4.62 at the close
SCYX opened near its previous close after news, then ran to $5.14 during the session.
News via Stock News API
What happened
The headline and the spike
SCYX closed September 25 at $4.39. At 7:30 a.m. a headline said it won a BARDA contract worth up to $214 million.
The stock jumped that minute, to $6.48 on 94K shares.
Stop It's 7:31. SCYX is at $6.48, up from a $4.39 close, one minute after a 7:30 headline about a BARDA contract. Would you buy here?
Press play: the real Level 2, tape and chart run from 7:28 a.m. and stop at 7:31 a.m. ET for your call.
The day's high, $6.77, printed in the 7:31 minute. That minute closed at $5.62 on 260K shares, the busiest of the day.
The bounce
The spike was already giving back. The 7:34 minute fell to $4.80.
Stop It's 7:36. SCYX is at $5.36. It hit $6.77 five minutes ago and traded as low as $4.80 two minutes ago. Would you buy this bounce?
Press play: the real Level 2, tape and chart run from 7:33 a.m. and stop at 7:36 a.m. ET for your call.
It topped at $5.51 that minute. At 7:36:59 one sell order swept 16K shares down to $4.98. By 7:42 it hit $4.22, below the prior close.
Open and close
It opened at $4.62 and peaked at $5.14 by 10:21. It closed at $4.62, 32% below the high.
What to take from it: On this day the headline high lasted one minute, and the bounce did not hold.
Replay SCYX's day
It starts at 7:40 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 7:43 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
Intraday run. It opened up 5.2% at $4.62, then ran from the open to the high of $5.14 in 51 minutes.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 7:30 a.m. | News (GlobeNewsWire): SCYNEXIS Awarded BARDA Contract Providing Up to $214 Million in Non-Dilutive Funding for the Development of SCY-247 | |
| 7:30 a.m. | First trade 20% above the previous close of $4.39 | |
| 7:31 a.m. | Pre-market high, $6.77 | |
| 7:31 a.m. | High of the day to the close, $6.77 | |
| 9:30 a.m. | The open: $4.62, up 5.2% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $4.63, 31.6% 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
- $4.39
- Open, 9:30 a.m.
- $4.62
- Gap at the open
- +5.2%
- Pre-market high
- $6.77 at 7:31 a.m.
- High, 4 a.m. to 4 p.m.
- $6.77 at 7:31 a.m.
- Low, 4 a.m. to 4 p.m.
- $4.22
- Close, 4 p.m.
- $4.63
- Change at 4 p.m.
- +5.5%
- After-hours high, 4 p.m. to 8 p.m.
- $4.71 at 4:35 p.m.
- Volume, 4 a.m. to 4 p.m.
- 3.72 million
- Volume after hours, 4 p.m. to 8 p.m.
- 44,744
- Relative volume by 8 p.m.
- 112.9×
- Float
- 9.80 million shares, from filings as of September 28, 2026
- Shares outstanding
- 9.95 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, 7:30 a.m.).
- Volume, from the one-minute bars: 2.69 million shares before the 9:30 a.m. open (72%), 201,800 in the first 30 minutes (5%), and 865,414 in the rest of the day to 8 p.m. (23%).
- In our recaps, this is the only day SCYX 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 SCYX 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 SCYX 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.