Hindsight Markets Recaps Small-cap stocks on October 5, 2026
ONEN, October 5: a gap that faded
ONEN opened up 20%, then faded below its open by the close.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $2.40, on 533K shares.
The open
It opened up 20%, at $2.24.
The close
It closed at $2.11, 12% 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 19.8% to $2.24 at the open and traded below the open by 4:00 p.m., at $2.11.
| Time (ET) | What happened |
|---|---|
| 7:13 a.m. | First trade 20% above the previous close of $1.87 |
| 8:26 a.m. | Pre-market high, $2.40 |
| 8:26 a.m. | High of the day to the close, $2.40 |
| 9:30 a.m. | The open: $2.24, up 19.8% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $2.11, 12.1% 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
- $1.87
- Open, 9:30 a.m.
- $2.24
- Gap at the open
- +19.8%
- Pre-market high
- $2.40 at 8:26 a.m.
- High, 4 a.m. to 4 p.m.
- $2.40 at 8:26 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.85
- Close, 4 p.m.
- $2.11
- Change at 4 p.m.
- +12.8%
- After-hours high, 4 p.m. to 8 p.m.
- $2.15 at 5:24 p.m.
- Volume, 4 a.m. to 4 p.m.
- 974,328
- Volume after hours, 4 p.m. to 8 p.m.
- 31,858
- Relative volume by 8 p.m.
- 16.2×
- Float
- 19.69 million shares, from filings as of October 5, 2026
- Shares outstanding
- 26.02 million
- Volume, from the one-minute bars: 533,416 shares before the 9:30 a.m. open (53%), 106,789 in the first 30 minutes (11%), and 365,981 in the rest of the day to 8 p.m. (36%).
- In our recaps, this is the only day ONEN met the small-cap rule.
On the day's lists: the pre-market gappers, gainers. 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 ONEN 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 ONEN 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.