Hindsight Markets Recaps Small-cap stocks on October 12, 2026
DAIC, October 12: a gap that faded
DAIC opened up 19%, 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 $3.98, on 8.2M shares.
The open
It opened up 19%, at $2.84.
The close
It closed at $1.69, 58% 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 18.8% to $2.84 at the open and traded below the open by 4:00 p.m., at $1.69.
| Time (ET) | What happened |
|---|---|
| 7:45 a.m. | First trade 20% above the previous close of $2.39 |
| 7:52 a.m. | Volume since 4:00 a.m. passes the whole float, 2.21 million shares |
| 8:44 a.m. | Pre-market high, $3.98 |
| 8:44 a.m. | High of the day to the close, $3.98 |
| 9:30 a.m. | The open: $2.84, up 18.8% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.69, 57.5% 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
- $2.39
- Open, 9:30 a.m.
- $2.84
- Gap at the open
- +18.8%
- Pre-market high
- $3.98 at 8:44 a.m.
- High, 4 a.m. to 4 p.m.
- $3.98 at 8:44 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.69
- Close, 4 p.m.
- $1.69
- Change at 4 p.m.
- −29.3%
- After-hours high, 4 p.m. to 8 p.m.
- $2.58 at 5:00 p.m.
- Volume, 4 a.m. to 4 p.m.
- 10.66 million
- Volume after hours, 4 p.m. to 8 p.m.
- 2.05 million
- Relative volume by 8 p.m.
- 4.5×
- Float
- 2.21 million shares, from filings as of October 12, 2026
- Shares outstanding
- 2.57 million
- Volume, from the one-minute bars: 8.19 million shares before the 9:30 a.m. open (64%), 1.21 million in the first 30 minutes (10%), and 3.31 million in the rest of the day to 8 p.m. (26%).
- Float rotation, the volume since 4 a.m. against the float of 2.21 million shares: past it once at 7:52 a.m., twice at 8:30 a.m., three times at 8:46 a.m.
- Other days DAIC met the small-cap rule in our recaps: 6, the latest on September 17, 2026.
On the day's lists: the pre-market gappers, 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 DAIC 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 DAIC on October 12, 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.