Hindsight Markets Recaps Small-cap stocks on November 4, 2026
AIOK, November 4: a gap that faded
AIOK opened up 20%, then faded below its open by the close.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $14.04, on 2.3M shares.
The open
It opened up 20%, at $11.97.
The close
It closed at $11.18, 20% 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 19.8% to $11.97 at the open and traded below the open by 4:00 p.m., at $11.18.
| Time (ET) | What happened |
|---|---|
| 4:05 a.m. | First trade 20% above the previous close of $9.99 |
| 6:02 a.m. | Volume since 4:00 a.m. passes the whole float, 976,231 shares |
| 6:55 a.m. | Pre-market high, $14.04 |
| 6:55 a.m. | High of the day to the close, $14.04 |
| 9:30 a.m. | The open: $11.97, up 19.8% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $11.18, 20.4% 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
- $9.99
- Open, 9:30 a.m.
- $11.97
- Gap at the open
- +19.8%
- Pre-market high
- $14.04 at 6:55 a.m.
- High, 4 a.m. to 4 p.m.
- $14.04 at 6:55 a.m.
- Low, 4 a.m. to 4 p.m.
- $9.77
- Close, 4 p.m.
- $11.18
- Change at 4 p.m.
- +11.9%
- After-hours high, 4 p.m. to 8 p.m.
- $12.27 at 4:23 p.m.
- Volume, 4 a.m. to 4 p.m.
- 3.18 million
- Volume after hours, 4 p.m. to 8 p.m.
- 77,841
- Relative volume by 8 p.m.
- 1.2×
- Float
- 976,231 shares, from filings as of November 4, 2026
- Shares outstanding
- 4.32 million
- Volume, from the one-minute bars: 2.34 million shares before the 9:30 a.m. open (72%), 234,585 in the first 30 minutes (7%), and 684,555 in the rest of the day to 8 p.m. (21%).
- Float rotation, the volume since 4 a.m. against the float of 976,231 shares: past it once at 6:02 a.m., twice at 7:48 a.m., three times at 11:45 a.m.
- Other days AIOK met the small-cap rule in our recaps: 4, the latest on October 30, 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 AIOK 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 AIOK on November 4, 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.