Hindsight Markets Recaps Small-cap stocks on November 3, 2026
BLZE, November 3: news and a gap that faded
BLZE opened up 30% after news, then faded below its open by the close.
News via Stock News API
What happened
Before the open
The news came first: news at 12:08 a.m. Before the bell it reached $10.38, on 341K shares.
The open
It opened up 30%, at $9.67.
The close
It closed at $8.38, 19% 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 30.0% to $9.67 at the open and traded below the open by 4:00 p.m., at $8.38.
| Time (ET) | What happened |
|---|---|
| Nov 2, 7:14 p.m. | News (MarketBeat): What Backblaze (BLZE) Said on Its Q3 Earnings Call |
| Nov 2, 8:11 p.m. | News (Zacks Investment Research): Backblaze, Inc. (BLZE) Q3 Earnings and Revenues Top Estimates |
| 12:08 a.m. | News (Seeking Alpha): Backblaze, Inc. (BLZE) Q3 2026 Earnings Call Transcript |
| 4:00 a.m. | First trade 20% above the previous close of $7.44 |
| 4:29 a.m. | Pre-market high, $10.38 |
| 4:29 a.m. | High of the day to the close, $10.38 |
| 9:30 a.m. | The open: $9.67, up 30.0% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $8.38, 19.3% 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
- $7.44
- Open, 9:30 a.m.
- $9.67
- Gap at the open
- +30.0%
- Pre-market high
- $10.38 at 4:29 a.m.
- High, 4 a.m. to 4 p.m.
- $10.38 at 4:29 a.m.
- Low, 4 a.m. to 4 p.m.
- $7.67
- Close, 4 p.m.
- $8.38
- Change at 4 p.m.
- +12.6%
- After-hours high, 4 p.m. to 8 p.m.
- $8.46 at 6:24 p.m.
- Volume, 4 a.m. to 4 p.m.
- 5.34 million
- Volume after hours, 4 p.m. to 8 p.m.
- 331,535
- Relative volume by 8 p.m.
- 4.7×
- Float
- 60.15 million shares, from filings as of November 3, 2026
- Shares outstanding
- 63.20 million
- From news to the move: the first trade 20% above the previous close came 3 hours 51 minutes after the latest news item before it (Seeking Alpha, 12:08 a.m.).
- Volume, from the one-minute bars: 340,709 shares before the 9:30 a.m. open (6%), 1.64 million in the first 30 minutes (29%), and 3.69 million in the rest of the day to 8 p.m. (65%).
- Other days BLZE met the small-cap rule in our recaps: 3, the latest on November 2, 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 BLZE 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 BLZE on November 3, 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.