Hindsight Markets Recaps Small-cap stocks on October 12, 2026
MEDS, October 12: a 6:00 headline, $4.68, and the $3.00 bid
MEDS opened up 13% after news, ran to $3.80, then fell below its open by the close.
News via Stock News API
What happened
Draft for review. Not published.
The 6:00 headline
A Medicaid coverage headline hit at 6:00 a.m., and MEDS woke up fast. It ran to $3.58, then crashed to $2.60 at 6:08.
Stop It's 6:28. MEDS is at $4.24, up 43% on the $2.96 close. It was $2.60 twenty minutes ago. Would you buy here?
Press play: the real Level 2, tape and chart run from 6:25 a.m. and stop at 6:28 a.m. ET for your call.
That minute hit $4.68 on 260K shares. At 6:30 it touched $4.68 again but could not get past it.
Back toward $4.68
It slid, then ground back up. By 6:59 it was at $4.59.
Stop It's 7:00. MEDS is at $4.56, just under the $4.68 high from 6:28. Would you buy here?
Press play: the real Level 2, tape and chart run from 6:57 a.m. and stop at 7:00 a.m. ET for your call.
This push stalled under $4.68. The 7:00 minute closed at $4.27, and by 7:07 it traded at $3.44.
The bid at $3.00
After the open, big bids sat under the price. One at $2.99 was pulled. One at $3.00 stayed.
Stop It's 11:25. MEDS is at $3.03, down from $3.80 at 10:15. A large bid has been sitting at $3.00 since 9:17; it peaked at 30,530 shares at 11:16. Would you buy here?
Press play: the real Level 2, tape and chart run from 11:22 a.m. and stop at 11:25 a.m. ET for your call.
Sellers ate it. At 11:25:59 selling hit $3.00. The bid was gone at 11:26:10.
It closed at $3.08, 34% under the high.
What to take from it: The $4.68 high came before 6:30 a.m., and most of the move was gone by the close.
Replay MEDS's day
It starts at 9:56 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 9:59 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 12.5% to $3.33 at the open, ran from the open to the high of $3.80 in 45 minutes, then gave back 153% of that move by 4:00 p.m., trading at $3.08, below the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 6:00 a.m. | News (Accesswire): DataMEDS SI Announces Helomics Receives Medicaid Coverage Policy For Chemofx(R) Assay In Gynecologic Cancers | |
| 6:04 a.m. | First trade 20% above the previous close of $2.96 | |
| 6:28 a.m. | Pre-market high, $4.68 | |
| 6:28 a.m. | High of the day to the close, $4.68 | |
| 6:41 a.m. | Volume since 4:00 a.m. passes the whole float, 3.69 million shares | |
| 9:30 a.m. | The open: $3.33, up 12.5% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $3.08, 34.2% 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
- $2.96
- Open, 9:30 a.m.
- $3.33
- Gap at the open
- +12.5%
- Pre-market high
- $4.68 at 6:28 a.m.
- High, 4 a.m. to 4 p.m.
- $4.68 at 6:28 a.m.
- Low, 4 a.m. to 4 p.m.
- $2.60
- Close, 4 p.m.
- $3.08
- Change at 4 p.m.
- +4.1%
- After-hours high, 4 p.m. to 8 p.m.
- $3.34 at 5:53 p.m.
- Volume, 4 a.m. to 4 p.m.
- 10.62 million
- Volume after hours, 4 p.m. to 8 p.m.
- 118,408
- Relative volume by 8 p.m.
- 1.5×
- Float
- 3.69 million shares, from filings as of October 12, 2026
- Shares outstanding
- 4.52 million
- From news to the move: the first trade 20% above the previous close came 4 minutes after the latest news item before it (Accesswire, 6:00 a.m.).
- Volume, from the one-minute bars: 8.49 million shares before the 9:30 a.m. open (79%), 330,017 in the first 30 minutes (3%), and 1.91 million in the rest of the day to 8 p.m. (18%).
- Float rotation, the volume since 4 a.m. against the float of 3.69 million shares: past it once at 6:41 a.m., twice at 7:32 a.m.
- Other days MEDS met the small-cap rule in our recaps: 8, the latest on October 8, 2026.
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 (none)
The exchange's halt feed shows no halts for MEDS 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 MEDS on October 12, 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.