Hindsight Markets Recaps Small-cap stocks on October 1, 2026
NXL, October 1: an 8:30 headline, five halts, and $10.98
NXL more than doubled at the open after news, ran to $10.98 through five halts, then fell below its open by the close.
News via Stock News API
What happened
Draft for review. Not published.
News, open, first halt
An 8:30 Brazil deal headline ran NXL from $4.28 to $9.09 pre-market. It opened at $8.79 and was halted at 9:35:21 at $7.54.
Stop It's 9:40. NXL last traded at $7.54 and has been halted for five minutes. It opened the day at $8.79. Trading resumes in seconds. Would you buy the reopen?
Press play: the real Level 2, tape and chart run from 9:37 a.m. and stop at 9:40 a.m. ET for your call.
It reopened lower, at $7.29, then ran. By 9:56:11 it was halted again at $9.90.
The 10:06 reopen
Stop It's 10:06. NXL last traded at $9.90 and has been halted for ten minutes. It was $9.00 at the last reopen. Trading resumes in seconds. Would you chase the reopen?
Press play: the real Level 2, tape and chart run from 10:03 a.m. and stop at 10:06 a.m. ET for your call.
It reopened at $10.47 and hit $10.98 that minute, then turned down.
Lower from there
Stop It's 10:16. NXL last traded at $9.42 and has been halted since 10:06:33. It hit $10.98 ten minutes ago. Trading resumes in seconds. Would you buy the reopen?
Press play: the real Level 2, tape and chart run from 10:13 a.m. and stop at 10:16 a.m. ET for your call.
It reopened 11% lower at $8.34. A later push stopped at $8.56, and it closed at $7.49.
What to take from it: After the high, each reopen and bounce stopped lower.
Replay NXL's day
It starts at 8:29 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 8:32 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 108.8% to $8.79 at the open, ran from the open to the high of $10.98 in 36 minutes through 3 halts, then gave back 159% of that move by 4:00 p.m., trading at $7.49, below the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 8:30 a.m. | News (GlobeNewsWire): Nexalin Technology Signs Definitive Exclusive Distribution and Local Manufacturing Agreement for Brazil and South America, Marking a Major Step in its Transition Toward Commercial Revenue Generation | |
| 8:30 a.m. | First trade 20% above the previous close of $4.21 | |
| 8:35 a.m. | Volume since 4:00 a.m. passes the whole float, 711,991 shares | |
| 9:27 a.m. | Pre-market high, $9.09 | |
| 9:30 a.m. | The open: $8.79, up 108.8% from the previous close | |
| 10:06 a.m. | High of the day to the close, $10.98 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $7.49, 31.8% 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
- $4.21
- Open, 9:30 a.m.
- $8.79
- Gap at the open
- +108.8%
- Pre-market high
- $9.09 at 9:27 a.m.
- High, 4 a.m. to 4 p.m.
- $10.98 at 10:06 a.m.
- Low, 4 a.m. to 4 p.m.
- $4.28
- Close, 4 p.m.
- $7.49
- Change at 4 p.m.
- +77.9%
- After-hours high, 4 p.m. to 8 p.m.
- $8.09 at 4:58 p.m.
- Volume, 4 a.m. to 4 p.m.
- 26.66 million
- Volume after hours, 4 p.m. to 8 p.m.
- 944,046
- Relative volume by 8 p.m.
- n/m
- Float
- 711,991 shares, from filings as of October 1, 2026
- Shares outstanding
- 829,400
- From news to the move: the first trade 20% above the previous close came less than a minute after the latest news item before it (GlobeNewsWire, 8:30 a.m.).
- Volume, from the one-minute bars: 10.31 million shares before the 9:30 a.m. open (37%), 3.51 million in the first 30 minutes (13%), and 13.78 million in the rest of the day to 8 p.m. (50%).
- Float rotation, the volume since 4 a.m. against the float of 711,991 shares: past it once at 8:35 a.m., twice at 8:37 a.m., three times at 8:40 a.m.
- In our recaps, this is the only day NXL met the small-cap rule.
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 (5)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed | Watch it |
|---|---|---|---|---|---|---|---|
| 9:35 a.m. | 9:40 a.m. | 5 min 0 s | down 11.0% | $7.29, down 3.3% | up 8.8% | LULD pause (limit up-limit down) | |
| 9:45 a.m. | 9:55 a.m. | 10 min 0 s | up 10.0% | $9.00, up 9.1% | up 10.0% | LULD pause (limit up-limit down) | |
| 9:56 a.m. | 10:06 a.m. | 10 min 0 s | up 20.0% | $10.47, up 5.8% | LULD pause (limit up-limit down) | ||
| 10:06 a.m. | 10:16 a.m. | 10 min 1 s | down 4.8% | $8.34, down 11.5% | down 3.2% | LULD pause (limit up-limit down) | |
| 10:24 a.m. | 10:29 a.m. | 5 min 0 s | down 9.4% | $7.41, up 3.6% | down 0.4% | 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 NXL on October 1, 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.