Hindsight Markets Recaps Small-cap stocks on October 2, 2026
TNMG, October 2: news and a gap that held
TNMG opened up 11% after news and held near that level into the close.
News via Stock News API
What happened
Before the open
The news came first: news at 5:30 a.m. Before the bell it reached $5.79, on 5.5M shares.
The open
It opened up 11%, at $4.59.
The close
It closed at $4.75, 18% under its high.
What to take from it: The gap was the move. After the open it went sideways.
The details
How it traded, step by step
Gap and hold. It gapped up 10.6% to $4.59 at the open and held near or above it, trading at $4.75 at 4:00 p.m.
| Time (ET) | What happened |
|---|---|
| 5:30 a.m. | News (Newsfile Corp): TNL Mediagene Enters into Definitive Agreement to Sell Japanese Business in Management Buyout |
| 5:55 a.m. | First trade 20% above the previous close of $4.15 |
| 6:02 a.m. | Volume since 4:00 a.m. passes the whole float, 697,299 shares |
| 6:45 a.m. | Pre-market high, $5.79 |
| 6:45 a.m. | High of the day to the close, $5.79 |
| 9:30 a.m. | The open: $4.59, up 10.6% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $4.75, 17.9% 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
- $4.15
- Open, 9:30 a.m.
- $4.59
- Gap at the open
- +10.6%
- Pre-market high
- $5.79 at 6:45 a.m.
- High, 4 a.m. to 4 p.m.
- $5.79 at 6:45 a.m.
- Low, 4 a.m. to 4 p.m.
- $4.01
- Close, 4 p.m.
- $4.75
- Change at 4 p.m.
- +14.6%
- After-hours high, 4 p.m. to 8 p.m.
- $4.76 at 4:00 p.m.
- Volume, 4 a.m. to 4 p.m.
- 6.73 million
- Volume after hours, 4 p.m. to 8 p.m.
- 67,112
- Relative volume by 8 p.m.
- 6.0×
- Float
- 697,299 shares, from filings as of October 2, 2026
- Shares outstanding
- 760,573
- From news to the move: the first trade 20% above the previous close came 25 minutes after the latest news item before it (Newsfile Corp, 5:30 a.m.).
- Volume, from the one-minute bars: 5.50 million shares before the 9:30 a.m. open (81%), 320,457 in the first 30 minutes (5%), and 972,208 in the rest of the day to 8 p.m. (14%).
- Float rotation, the volume since 4 a.m. against the float of 697,299 shares: past it once at 6:02 a.m., twice at 6:12 a.m., three times at 6:31 a.m.
- Other days TNMG met the small-cap rule in our recaps: 5, the latest on October 30, 2026.
On the day's lists: the pre-market gappers, gainers, 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 TNMG 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 TNMG on October 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.