Akanda Corp ($AKAN) rallied 10.90% in after-hours trading on exactly zero fresh news. The last public release hit the tape 21 days ago, leaving a 530,000-share float to float entirely on retail speculation.
Here is what the tape actually remembers: $AKAN has experienced 33 historical gap-up days of 5% or greater. The stock faded to close red in 70% of those instances, generating a median intraday return of -11.16%.
Widening the lens across 7,535 low-float runners gapping without a catalyst, 65% finish red with a median loss of -5.57%.
The base rate points straight down: history says this fades red 70% of the time by tomorrow's bell. We will grade the outcome right here.