Hindsight Markets Recaps Small-cap stocks on October 19, 2026
FRGT, October 19: a 6-K, a $2.47 spike, and a fade to $1.44
FRGT opened up 35% after news, then faded below its open by the close.
News via Stock News API
What happened
Draft for review. Not published.
A filing, a headline, a spike
A 6-K at 9:00 a.m. and a 9:11 GlobeNewsWire headline about retiring preferred shares and clearing 2023 warrants came before the spike. At 9:15 it hit $2.47, the high of the day, from a $1.48 previous close. Pre-market volume was 3.2M shares, about twice the 1.7M float.
A second push, lower
It fell to $1.75 by 9:19, then rebuilt toward $2.
Stop It's 9:27. FRGT is at $2.05. It hit $2.47 at 9:15 and dropped to $1.75 by 9:19. Would you buy here?
Press play: the real Level 2, tape and chart run from 9:24 a.m. and stop at 9:27 a.m. ET for your call.
A 99K-share bid at $2.01 was pulled at 9:27:31. A new 89K-share bid at $2.05 was pulled at 9:28:42. It still pushed to $2.24 at 9:28, a lower high than $2.47.
The open meets an offer
Stop It's 9:30. FRGT is at $2.01. Its high was $2.47 at 9:15, and about 39K shares are offered at $2.41. Would you buy the open?
Press play: the real Level 2, tape and chart run from 9:27 a.m. and stop at 9:30 a.m. ET for your call.
The $2.41 offer was pulled at 9:30:04, but a new ask wall at $2.41 appeared at 9:30:05. The stock slid: $1.55 by 9:35 and $1.37 by 9:39. The low was $1.25 at 3:12 p.m. At 3:59 it was $1.44, 42% under the high.
What to take from it: The $2.47 spike came before the open, and the next push stopped at $2.24 and the stock was lower by the close.
Replay FRGT's day
It starts at 8:57 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 9:00 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 and fade. It gapped up 35.4% to $2.01 at the open and traded below the open by 4:00 p.m., at $1.44.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 9:00 a.m. | SEC filing 6-K: 6-K | |
| 9:11 a.m. | News (GlobeNewsWire): Fr8Tech Simplifies Capital Structure by Retiring Legacy Preferred Shares and Clearing 2023 Warrants | |
| 9:14 a.m. | First trade 20% above the previous close of $1.48 | |
| 9:15 a.m. | Pre-market high, $2.47 | |
| 9:15 a.m. | High of the day to the close, $2.47 | |
| 9:20 a.m. | Volume since 4:00 a.m. passes the whole float, 1.68 million shares | |
| 9:30 a.m. | The open: $2.01, up 35.4% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.44, 41.7% 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
- $1.48
- Open, 9:30 a.m.
- $2.01
- Gap at the open
- +35.4%
- Pre-market high
- $2.47 at 9:15 a.m.
- High, 4 a.m. to 4 p.m.
- $2.47 at 9:15 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.25
- Close, 4 p.m.
- $1.44
- Change at 4 p.m.
- −3.0%
- After-hours high, 4 p.m. to 8 p.m.
- $1.73 at 7:59 p.m.
- Volume, 4 a.m. to 4 p.m.
- 5.37 million
- Volume after hours, 4 p.m. to 8 p.m.
- 161,606
- Relative volume by 8 p.m.
- 2.7×
- Float
- 1.68 million shares, from filings as of October 19, 2026
- Shares outstanding
- 1.68 million
- From news to the move: the first trade 20% above the previous close came 3 minutes after the latest news item before it (GlobeNewsWire, 9:11 a.m.).
- Volume, from the one-minute bars: 3.16 million shares before the 9:30 a.m. open (57%), 1.60 million in the first 30 minutes (29%), and 767,536 in the rest of the day to 8 p.m. (14%).
- Float rotation, the volume since 4 a.m. against the float of 1.68 million shares: past it once at 9:20 a.m., twice at 9:30 a.m., three times at 10:57 a.m.
- Other days FRGT met the small-cap rule in our recaps: 4, the latest on October 27, 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 (1)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed | Watch it |
|---|---|---|---|---|---|---|---|
| 3:04 a.m. | 9:00 a.m. | 355 min 8 s | $1.36 | up 20.6% | No reason given in the feed |
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 FRGT on October 19, 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.