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Hindsight Markets Recaps Small-cap stocks on September 28, 2026

LFCR, September 28: a DEFA14A, one halt, and a gap that held

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LFCR opened up 55% after a DEFA14A and held near that level into the close.

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DEFA14A8-KNews$6.65$4.204 a.m.9:30noon4 p.m.8 p.m.
LFCR on September 28, 2026, one-minute bars, New York time. Bands: halts. Flags: the news or filing before the move. Dotted line: the previous close. Shaded: before the 9:30 a.m. open and after the 4:00 p.m. close.

What happened

Before the open

The news came first: a DEFA14A at 8:56 a.m. Before the bell it reached $4.30, on 830 shares.

The open

It opened up 55%, at $6.52.

The halts

Trading stopped once, at 8:40 a.m. The biggest jump was the reopen after 8:40 a.m.: 52% above the last trade before it.

The close

It closed at $6.53, near its high.

What to take from it: The gap was the move. After the open it went sideways.

The details

How it traded, step by step

Gap and hold. It gapped up 55.2% to $6.52 at the open and held near or above it, trading at $6.53 at 4:00 p.m.

Time (ET)What happened
7:00 a.m.Pre-market high, $4.30
8:45 a.m.News (GlobeNewsWire): Lifecore Biomedical to be Acquired by Webster Equity Partners
8:53 a.m.SEC filing 8-K: 8-K
8:56 a.m.SEC filing DEFA14A: DEFA 14A
9:55 a.m.First trade 20% above the previous close of $4.20
9:55 a.m.The open: $6.52, up 55.2% from the previous close
10:31 a.m.High of the day to the close, $6.63
3:59 p.m.Last trade before the 4:00 p.m. close, $6.53, 1.6% 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
$4.20
Open, 9:30 a.m.
$6.52
Gap at the open
+55.2%
Pre-market high
$4.30 at 7:00 a.m.
High, 4 a.m. to 4 p.m.
$6.63 at 10:31 a.m.
Low, 4 a.m. to 4 p.m.
$4.30
Close, 4 p.m.
$6.53
Change at 4 p.m.
+55.4%
After-hours high, 4 p.m. to 8 p.m.
$6.65 at 4:08 p.m.
Volume, 4 a.m. to 4 p.m.
2.11 million
Volume after hours, 4 p.m. to 8 p.m.
35,834
Relative volume by 8 p.m.
20.9×
Float
26.34 million shares, from filings as of September 28, 2026
Shares outstanding
37.85 million
  • From news to the move: the first trade 20% above the previous close came 58 minutes after the latest SEC filing before it (DEFA14A, 8:56 a.m.).
  • Volume, from the one-minute bars: 830 shares before the 9:30 a.m. open (0%), 335,039 in the first 30 minutes (16%), and 1.81 million in the rest of the day to 8 p.m. (84%).
  • In our recaps, this is the only day LFCR met the small-cap rule.

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 (1)
HaltedResumedLengthThe 5 minutes into itReopened at, against the last tradeThe 5 minutes afterReason in the feed
8:40 a.m.9:55 a.m.75 min 1 sunchanged$6.52, up 51.6%down 0.9%News pending

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.

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Replay LFCR on September 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.

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