Hindsight Markets Recaps Small-cap stocks on October 16, 2026
TCRT, October 16: a gap that faded
TCRT opened up 29%, 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 $3.19, on 4.7M shares.
The open
It opened up 29%, at $2.81.
The close
It closed at $2.62, 18% 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 28.9% to $2.81 at the open and traded below the open by 4:00 p.m., at $2.62.
| Time (ET) | What happened |
|---|---|
| 4:00 a.m. | First trade 20% above the previous close of $2.18 |
| 7:02 a.m. | Pre-market high, $3.19 |
| 7:02 a.m. | Volume since 4:00 a.m. passes the whole float, 2.36 million shares |
| 7:02 a.m. | High of the day to the close, $3.19 |
| 9:30 a.m. | The open: $2.81, up 28.9% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $2.62, 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
- $2.18
- Open, 9:30 a.m.
- $2.81
- Gap at the open
- +28.9%
- Pre-market high
- $3.19 at 7:02 a.m.
- High, 4 a.m. to 4 p.m.
- $3.19 at 7:02 a.m.
- Low, 4 a.m. to 4 p.m.
- $2.31
- Close, 4 p.m.
- $2.62
- Change at 4 p.m.
- +20.2%
- After-hours high, 4 p.m. to 8 p.m.
- $2.76 at 4:35 p.m.
- Volume, 4 a.m. to 4 p.m.
- 9.75 million
- Volume after hours, 4 p.m. to 8 p.m.
- 359,652
- Relative volume by 8 p.m.
- 1.4×
- Float
- 2.36 million shares, from filings as of October 16, 2026
- Shares outstanding
- 2.55 million
- Volume, from the one-minute bars: 4.74 million shares before the 9:30 a.m. open (47%), 1.81 million in the first 30 minutes (18%), and 3.56 million in the rest of the day to 8 p.m. (35%).
- Float rotation, the volume since 4 a.m. against the float of 2.36 million shares: past it once at 7:02 a.m., twice at 9:28 a.m., three times at 10:22 a.m.
- Other days TCRT met the small-cap rule in our recaps: 6, the latest on October 19, 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 TCRT 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 TCRT on October 16, 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.