Hindsight Markets Recaps Small-cap stocks on October 2, 2026
SMX, October 2: $10.50 at 4:00 a.m., $3.82 at the close
SMX spiked to $10.50 before the open, then gave much of it back in the session.
What happened
Draft for review. Not published.
A 4 a.m. spike
The spike that made this day did not last. SMX closed the day before at $6.16. On the 2nd it hit $10.50 in the first minute of pre-market, 70% above that close.
By 4:10 it had touched $7.06. By 4:36 it was below $6.16. About 647K shares traded before the bell, near the 759K-share float.
The open
The open only extended the slide. It opened at $5.25, 15% under the prior close. By 11:33 it hit $3.62, the low since the open.
The bid at $3.45
A big bid waited under the price for hours. From 9:38 it sat at $3.45. It peaked at 43K shares at 11:41.
Stop It's 12:09. SMX is at $3.74. A large bid has sat at $3.45 since 9:38 (it peaked at 42,608 shares at 11:41) and is still on the book. The stock is up from the $3.62 low. 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 12:09:08 the bid was pulled without trading. The price held near $3.75. A new bid soon showed at $3.50, and the stock never traded down to it.
The close
The afternoon stayed quiet, mostly between $3.75 and $3.90. It closed at $3.82, 64% under the high.
What to take from it: A big bid under the price can vanish without a single share trading.
Replay SMX's day
It starts at 10:03 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 10:06 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
Pre-market spike. Before the open it spiked 70.5% from $6.16 to $10.50 at 4:00 a.m.. It opened down 14.8% at $5.25 and traded at $3.81 at 4:00 p.m.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:00 a.m. | First trade 20% above the previous close of $6.16 | |
| 4:00 a.m. | Pre-market high, $10.50 | |
| 4:00 a.m. | High of the day to the close, $10.50 | |
| 9:30 a.m. | The open: $5.25, down 14.8% from the previous close | |
| 9:42 a.m. | Volume since 4:00 a.m. passes the whole float, 758,975 shares | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $3.81, 63.7% 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
- $6.16
- Open, 9:30 a.m.
- $5.25
- Gap at the open
- −14.8%
- Pre-market high
- $10.50 at 4:00 a.m.
- High, 4 a.m. to 4 p.m.
- $10.50 at 4:00 a.m.
- Low, 4 a.m. to 4 p.m.
- $3.62
- Close, 4 p.m.
- $3.81
- Change at 4 p.m.
- −38.1%
- After-hours high, 4 p.m. to 8 p.m.
- $3.86 at 4:03 p.m.
- Volume, 4 a.m. to 4 p.m.
- 1.25 million
- Volume after hours, 4 p.m. to 8 p.m.
- 79,096
- Relative volume by 8 p.m.
- 45.6×
- Float
- 758,975 shares, from filings as of October 2, 2026
- Shares outstanding
- 1.09 million
- Volume, from the one-minute bars: 646,505 shares before the 9:30 a.m. open (49%), 153,280 in the first 30 minutes (12%), and 528,708 in the rest of the day to 8 p.m. (40%).
- Float rotation, the volume since 4 a.m. against the float of 758,975 shares: past it once at 9:42 a.m.
- Other days SMX met the small-cap rule in our recaps: 1, the latest on October 16, 2026.
On the day's lists: the intraday runners. It is here because it met the small-cap rule on the intraday runners: 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 SMX 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 SMX on October 2, 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.