Hindsight Markets Recaps Small-cap stocks on October 12, 2026
GIXI, October 12: a $10.16 spike at 7:39, seven halts, and a fade to $4.68
GIXI opened up 51%, ran to $8.34 through seven halts, then fell below its open by the close.
What happened
A spike with no news
No headline or filing explains this day. GIXI closed at $3.96 the day before. It barely traded until 7:32 a.m., when it started to move.
Stop It's 7:35 a.m. GIXI is at $4.66 in pre-market, a minute after trading through $5.00. Volume has only just started to pick up. Would you buy here?
Press play: the real Level 2, tape and chart run from 7:32 a.m. and stop at 7:35 a.m. ET for your call.
It ran to $10.16 at 7:39 a.m., up 157% from that close. By 7:47 it was back down at $5.57.
The $7.61 wall
Stop It's 10:00. GIXI is at $6.52 and has been halted three times since the open. Stock is just starting to be offered at $7.61. Would you buy here?
Press play: the real Level 2, tape and chart run from 9:57 a.m. and stop at 10:00 a.m. ET for your call.
It dipped first and was halted twice more. Then buyers swept in, and the $7.61 offer was pulled at 10:18:01. The regular-session high came at 10:23, at $8.34.
The $5.21 bid
Stop It's 12:09. GIXI is at $5.76. A large bid has sat at $5.21 since 11:23, below the price. Would you buy here?
Press play: the real Level 2, tape and chart run from 12:06 p.m. and stop at 12:09 p.m. ET for your call.
At 12:10:07 the $5.21 bid was pulled without trading there. The stock faded to $4.20 by 1:37 p.m. and closed at $4.68.
What to take from it: Almost all of the move was gone by the close: $4.68, 54% below the $10.16 high.
Replay GIXI's day
It starts at 7:28 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 7:31 a.m. and asks what you would do. Or press Play on any moment in How it traded.
The details
How it traded, step by step
Gap, run and fade. It gapped up 51.0% to $5.98 at the open, ran from the open to the high of $8.34 in 53 minutes through 5 halts, then gave back 155% of that move by 4:00 p.m., trading at $4.68, below the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 7:34 a.m. | First trade 20% above the previous close of $3.96 | |
| 7:39 a.m. | Pre-market high, $10.16 | |
| 7:39 a.m. | High of the day to the close, $10.16 | |
| 7:57 a.m. | Volume since 4:00 a.m. passes the whole float, 2.49 million shares | |
| 9:30 a.m. | The open: $5.98, up 51.0% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $4.68, 53.9% 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
- $3.96
- Open, 9:30 a.m.
- $5.98
- Gap at the open
- +51.0%
- Pre-market high
- $10.16 at 7:39 a.m.
- High, 4 a.m. to 4 p.m.
- $10.16 at 7:39 a.m.
- Low, 4 a.m. to 4 p.m.
- $3.78
- Close, 4 p.m.
- $4.68
- Change at 4 p.m.
- +18.2%
- After-hours high, 4 p.m. to 8 p.m.
- $4.72 at 4:00 p.m.
- Volume, 4 a.m. to 4 p.m.
- 15.12 million
- Volume after hours, 4 p.m. to 8 p.m.
- 154,173
- Relative volume by 8 p.m.
- 1446.9×
- Float
- 2.49 million shares, from filings as of October 12, 2026
- Shares outstanding
- 2.49 million
- Volume, from the one-minute bars: 6.13 million shares before the 9:30 a.m. open (40%), 1.05 million in the first 30 minutes (7%), and 8.09 million in the rest of the day to 8 p.m. (53%).
- Float rotation, the volume since 4 a.m. against the float of 2.49 million shares: past it once at 7:57 a.m., twice at 8:38 a.m., three times at 10:03 a.m.
- Other days GIXI met the small-cap rule in our recaps: 2, the latest on October 22, 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 (7)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed | Watch it |
|---|---|---|---|---|---|---|---|
| 9:31 a.m. | 9:36 a.m. | 5 min 0 s | down 9.3% | $5.49, down 3.2% | LULD pause (limit up-limit down) | ||
| 9:36 a.m. | 9:41 a.m. | 5 min 0 s | up 6.5% | $6.00, down 0.7% | down 11.5% | LULD pause (limit up-limit down) | |
| 9:46 a.m. | 9:51 a.m. | 5 min 0 s | down 13.8% | $5.31, unchanged | up 5.3% | LULD pause (limit up-limit down) | |
| 10:04 a.m. | 10:09 a.m. | 5 min 0 s | down 10.4% | $5.83, down 0.2% | up 16.1% | LULD pause (limit up-limit down) | |
| 10:12 a.m. | 10:17 a.m. | 5 min 0 s | up 15.9% | $6.69, down 1.2% | up 9.7% | LULD pause (limit up-limit down) | |
| 10:32 a.m. | 10:37 a.m. | 5 min 0 s | down 10.6% | $7.22, up 1.4% | up 2.4% | LULD pause (limit up-limit down) | |
| 11:11 a.m. | 11:16 a.m. | 5 min 0 s | down 13.3% | $6.40, unchanged | down 0.5% | LULD pause (limit up-limit down) |
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 GIXI 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.