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Hindsight Markets Recaps Small-cap stocks on October 9, 2026

XRTX, October 9: news and a gap that faded

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XRTX opened up 14% after news, then faded below its open by the close.

News via Stock News API

News$2.30$1.80$1.364 a.m.9:30noon4 p.m.8 p.m.
XRTX on October 9, 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: news at 4:00 p.m. the day before. Before the bell it reached $2.30, on 4.4M shares.

The open

It opened up 14%, at $2.05.

The close

It closed at $1.41, 39% 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 13.9% to $2.05 at the open and traded below the open by 4:00 p.m., at $1.41.

Time (ET)What happened
Oct 8, 4:00 p.m.News (GlobeNewsWire): XORTX Outlines Anticipated Health Canada Clinical Trial Application for XRx-026 for Gout
4:00 a.m.First trade 20% above the previous close of $1.80
7:54 a.m.Pre-market high, $2.30
7:54 a.m.High of the day to the close, $2.30
7:56 a.m.Volume since 4:00 a.m. passes the whole float, 1.77 million shares
9:30 a.m.The open: $2.05, up 13.9% from the previous close
3:59 p.m.Last trade before the 4:00 p.m. close, $1.41, 38.7% 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
$1.80
Open, 9:30 a.m.
$2.05
Gap at the open
+13.9%
Pre-market high
$2.30 at 7:54 a.m.
High, 4 a.m. to 4 p.m.
$2.30 at 7:54 a.m.
Low, 4 a.m. to 4 p.m.
$1.36
Close, 4 p.m.
$1.41
Change at 4 p.m.
−21.7%
After-hours high, 4 p.m. to 8 p.m.
$1.89 at 5:21 p.m.
Volume, 4 a.m. to 4 p.m.
5.86 million
Volume after hours, 4 p.m. to 8 p.m.
698,330
Relative volume by 8 p.m.
12.2×
Float
1.77 million shares, from filings as of October 9, 2026
Shares outstanding
1.82 million
  • From news to the move: the first trade 20% above the previous close came 12 hours after the latest news item before it (GlobeNewsWire, Oct 8, 4:00 p.m.).
  • Volume, from the one-minute bars: 4.42 million shares before the 9:30 a.m. open (67%), 451,079 in the first 30 minutes (7%), and 1.68 million in the rest of the day to 8 p.m. (26%).
  • Float rotation, the volume since 4 a.m. against the float of 1.77 million shares: past it once at 7:56 a.m., twice at 8:23 a.m., three times at 10:53 a.m.
  • Other days XRTX met the small-cap rule in our recaps: 5, the latest on October 8, 2026.

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 XRTX 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 XRTX on October 9, 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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