Hindsight Markets Recaps Small-cap stocks on September 29, 2026
FFAI, September 29: news and a pre-market spike to $1.85
FFAI spiked to $1.85 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 5:00 p.m. the day before. Before the bell it reached $1.85, on 3.6M shares.
The open
It opened near its previous close, at $1.52.
The close
It closed at $1.29, 30% 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 31.2% from $1.41 to $1.85 at 4:59 a.m.. It opened up 7.8% at $1.52 and traded at $1.29 at 4:00 p.m.
| Time (ET) | What happened |
|---|---|
| Sep 28, 5:00 p.m. | News (Business Wire): Faraday Future Announces Strategic Upgrade into Robotaxi and EAI Cabin Technology Operator and Physical AI Investment Holding Company; To Combine Its Robotics Business at Approx. $200 Million Valuation with AIxC (soon FFR) for a Standalone Listing |
| Sep 28, 5:00 p.m. | News (PRNewsWire): AIxCrypto Holdings (NASDAQ: AIXC soon to be traded under FFR), Signs Term Sheet with Faraday Future to Acquire its Robotics Business at an Estimated $200 Million Valuation, Aiming to be the First Nasdaq-Listed Pure-Play Robotics Ecosystem Company |
| Sep 28, 5:00 p.m. | News (Benzinga): Faraday Future's Robotics Pivot Gets a New Nasdaq Identity With FFR |
| 4:00 a.m. | First trade 20% above the previous close of $1.41 |
| 4:59 a.m. | Pre-market high, $1.85 |
| 4:59 a.m. | High of the day to the close, $1.85 |
| 9:30 a.m. | The open: $1.52, up 7.8% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.29, 30.3% 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
- $1.41
- Open, 9:30 a.m.
- $1.52
- Gap at the open
- +7.8%
- Pre-market high
- $1.85 at 4:59 a.m.
- High, 4 a.m. to 4 p.m.
- $1.85 at 4:59 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.25
- Close, 4 p.m.
- $1.29
- Change at 4 p.m.
- −8.5%
- After-hours high, 4 p.m. to 8 p.m.
- $1.37 at 4:35 p.m.
- Volume, 4 a.m. to 4 p.m.
- 4.94 million
- Volume after hours, 4 p.m. to 8 p.m.
- 185,066
- Relative volume by 8 p.m.
- 4.5×
- Float
- 6.09 million shares, from filings as of September 29, 2026
- Shares outstanding
- 6.13 million
- From news to the move: the first trade 20% above the previous close came 10 hours 59 minutes after the latest news item before it (Benzinga, Sep 28, 5:00 p.m.).
- Volume, from the one-minute bars: 3.58 million shares before the 9:30 a.m. open (70%), 593,032 in the first 30 minutes (12%), and 956,455 in the rest of the day to 8 p.m. (19%).
- Other days FFAI met the small-cap rule in our recaps: 4, the latest on October 14, 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 FFAI 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 FFAI on September 29, 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.