Hindsight Markets Recaps Small-cap stocks on October 5, 2026
ALEC, October 5: news and a gap that faded
ALEC opened up 50% after news, then faded below its open by the close.
News via Stock News API
What happened
Before the open
The news came first: news at 7:00 a.m. Before the bell it reached $3.51, on 24M shares.
The open
It opened up 50%, at $2.72.
The close
It closed at $1.98, 44% under its high.
What to take from it: A big gap is not a trend. This one traded below its open by the close.
The details
How it traded, step by step
Gap and fade. It gapped up 50.3% to $2.72 at the open and traded below the open by 4:00 p.m., at $1.98.
| Time (ET) | What happened |
|---|---|
| 7:00 a.m. | News (GlobeNewsWire): Alector Enters Global License Agreement with Genentech for Brain Penetrant GCase Enzyme Replacement Therapy for Parkinson's Disease and Other Neurodegenerative Diseases |
| 7:00 a.m. | First trade 20% above the previous close of $1.81 |
| 8:12 a.m. | Pre-market high, $3.51 |
| 8:12 a.m. | High of the day to the close, $3.51 |
| 9:30 a.m. | The open: $2.72, up 50.3% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.98, 43.6% 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
- $1.81
- Open, 9:30 a.m.
- $2.72
- Gap at the open
- +50.3%
- Pre-market high
- $3.51 at 8:12 a.m.
- High, 4 a.m. to 4 p.m.
- $3.51 at 8:12 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.82
- Close, 4 p.m.
- $1.98
- Change at 4 p.m.
- +9.4%
- After-hours high, 4 p.m. to 8 p.m.
- $2.08 at 4:37 p.m.
- Volume, 4 a.m. to 4 p.m.
- 40.11 million
- Volume after hours, 4 p.m. to 8 p.m.
- 812,690
- Relative volume by 8 p.m.
- 56.6×
- Float
- 104.90 million shares, from filings as of October 5, 2026
- Shares outstanding
- 111.66 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, 7:00 a.m.).
- Volume, from the one-minute bars: 24.46 million shares before the 9:30 a.m. open (60%), 5.67 million in the first 30 minutes (14%), and 10.79 million in the rest of the day to 8 p.m. (26%).
- Other days ALEC met the small-cap rule in our recaps: 1, the latest on August 6, 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 ALEC 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 ALEC on October 5, 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.