Hindsight Markets Recaps Small-cap stocks on October 28, 2026
DAVI, October 28: a gap that faded
DAVI opened up 24%, 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 $4.95, on 2.5M shares.
The open
It opened up 24%, at $3.72.
The close
It closed at $3.23, 35% 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 24.0% to $3.72 at the open and traded below the open by 4:00 p.m., at $3.23.
| Time (ET) | What happened |
|---|---|
| 4:00 a.m. | First trade 20% above the previous close of $3.00 |
| 4:00 a.m. | Pre-market high, $4.95 |
| 4:00 a.m. | High of the day to the close, $4.95 |
| 9:30 a.m. | The open: $3.72, up 24.0% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $3.23, 34.7% 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
- $3.00
- Open, 9:30 a.m.
- $3.72
- Gap at the open
- +24.0%
- Pre-market high
- $4.95 at 4:00 a.m.
- High, 4 a.m. to 4 p.m.
- $4.95 at 4:00 a.m.
- Low, 4 a.m. to 4 p.m.
- $2.96
- Close, 4 p.m.
- $3.23
- Change at 4 p.m.
- +7.7%
- After-hours high, 4 p.m. to 8 p.m.
- $3.44 at 5:08 p.m.
- Volume, 4 a.m. to 4 p.m.
- 3.40 million
- Volume after hours, 4 p.m. to 8 p.m.
- 98,976
- Relative volume by 8 p.m.
- 22.7×
- Float
- 13.50 million shares, from filings as of October 28, 2026
- Shares outstanding
- 25.00 million
- Volume, from the one-minute bars: 2.51 million shares before the 9:30 a.m. open (72%), 264,833 in the first 30 minutes (8%), and 724,203 in the rest of the day to 8 p.m. (21%).
- Other days DAVI met the small-cap rule in our recaps: 2, the latest on October 27, 2026.
- The next session, October 29, 2026, it was down 19.5% from its previous close at the 4:00 p.m. close.
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 DAVI 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 DAVI on October 28, 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.