Hindsight Markets Recaps Small-cap stocks on October 28, 2026
MGN, October 28: news, six halts, and $4.00
MGN opened down 16% after news, then ran to $4.00 through six halts during the session.
News via Stock News API
What happened
Before the open
The news came first: news at 9:20 a.m. Before the bell it reached $3.10, on 139K shares.
The open
It opened down 16%, at $2.57. It ran to $4.00 by 9:58 a.m.
The halts
Each halt froze the price and reopened it somewhere new. The exchange halted it six times, from 9:30 a.m. to 10:22 a.m. The biggest jump was the reopen after 9:30 a.m.: 10% above the last trade before it.
The close
It closed at $3.58, 10% under its high.
What to take from it: The move came during the session, not at the open.
The details
How it traded, step by step
Intraday run. It opened down 16.0% at $2.57, then ran from the open to the high of $4.00 in 28 minutes through 3 halts.
| Time (ET) | What happened |
|---|---|
| 12:15 a.m. | SEC filing EFFECT: |
| 4:55 a.m. | Pre-market high, $3.10 |
| 7:30 a.m. | SEC filing 6-K: REPORT OF FOREIGN PRIVATE ISSUER |
| 9:20 a.m. | News (GlobeNewsWire): Megan Holdings Limited Announces Pricing of Up to $7.5 Million Follow-on Public Offering |
| 9:30 a.m. | The open: $2.57, down 16.0% from the previous close |
| 9:58 a.m. | First trade 20% above the previous close of $3.06 |
| 9:58 a.m. | High of the day to the close, $4.00 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $3.58, 10.5% 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
- $3.06
- Open, 9:30 a.m.
- $2.57
- Gap at the open
- −16.0%
- Pre-market high
- $3.10 at 4:55 a.m.
- High, 4 a.m. to 4 p.m.
- $4.00 at 9:58 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.90
- Close, 4 p.m.
- $3.58
- Change at 4 p.m.
- +17.0%
- After-hours high, 4 p.m. to 8 p.m.
- $3.87 at 4:59 p.m.
- Volume, 4 a.m. to 4 p.m.
- 530,518
- Volume after hours, 4 p.m. to 8 p.m.
- 16,012
- Relative volume by 8 p.m.
- 6.7×
- Float
- 871,867 shares, from filings as of October 28, 2026
- Shares outstanding
- 1.23 million
- From news to the move: the first trade 20% above the previous close came 38 minutes after the latest news item before it (GlobeNewsWire, 9:20 a.m.).
- Volume, from the one-minute bars: 138,919 shares before the 9:30 a.m. open (25%), 132,799 in the first 30 minutes (24%), and 274,812 in the rest of the day to 8 p.m. (50%).
- Other days MGN met the small-cap rule in our recaps: 2, the latest on September 18, 2026.
On the day's lists: the gainers, intraday runners. It is here because it met the small-cap rule on the gainers: 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 (6)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed |
|---|---|---|---|---|---|---|
| 9:30 a.m. | 9:40 a.m. | 10 min 0 s | up 10.2% | $3.09, up 10.4% | LULD pause (limit up-limit down) | |
| 9:41 a.m. | 9:46 a.m. | 5 min 0 s | up 19.3% | $3.41, up 2.1% | up 3.5% | LULD pause (limit up-limit down) |
| 9:48 a.m. | 9:58 a.m. | 10 min 0 s | up 5.7% | $3.87, up 9.6% | down 8.8% | LULD pause (limit up-limit down) |
| 9:59 a.m. | 10:09 a.m. | 10 min 0 s | unchanged | $3.22, down 8.8% | up 7.1% | LULD pause (limit up-limit down) |
| 10:11 a.m. | 10:16 a.m. | 5 min 0 s | down 2.3% | $3.46, up 0.3% | up 9.8% | LULD pause (limit up-limit down) |
| 10:22 a.m. | 10:27 a.m. | 5 min 0 s | down 2.6% | $3.30, down 3.2% | down 4.5% | 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 MGN on October 28, 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.