FILTRIX Logo FILTRIX Find Your Edge →
← All insights

$CODX — what the base rate says

$CODX — what the base rate says

I went looking for the stat that would let me sneer at this one. It isn't there.

$CODX is +40.53% in the after-hours session on a $3 million market cap with 7 million shares in the float. Today's 8-K carries Item 2.02, the earnings item, with a Regulation FD item beside it.

The symbol's own record: 44 prior sessions that opened with a gap up of 5% or more. It closed above that day's open 43% of the time and below it 52%. Median open-to-close, -1.18%. Near enough a coin, and a coin is no edge for the buyer or for the man shorting him.

That leaves one thing in this story holding any information: the exhibit behind the item number. The 8-K label says results were reported. It does not say what they were, and neither does a 40% bid on a float that small.

A history that won't pick a side is still a finding. It just doesn't come with a trade attached.

What the data showed

  • $MVST -52.63% Microvast Holdings, Inc. mcap $238M · float 255M shares · sector: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES
  • $KUST -41.52% Kustom Entertainment, Inc. mcap $2M · float 7M shares · sector: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT
  • $IHRT -36.16% iHeartMedia, Inc. mcap $274M · float 128M shares · sector: RADIO BROADCASTING STATIONS
  • $THRY -27.31% Thryv Holdings, Inc. mcap $57M · float 40M shares · sector: SERVICES-ADVERTISING
  • $APPS -26.33% Digital Turbine, Inc. mcap $1.4B · float 110M shares · sector: PATENT OWNERS & LESSORS
  • $TGE -22.54% The Generation Essentials Group mcap $49M · float 14M shares
  • $FF -22.29% FutureFuel Corp. mcap $222M · float 26M shares · sector: INDUSTRIAL ORGANIC CHEMICALS
  • $OIO -20.00% OIO Group mcap $665M · float 7M shares
  • $GRPN -17.98% Groupon, Inc. mcap $661M · float 21M shares · sector: SERVICES-ADVERTISING AGENCIES
  • $WCT -15.88% Wellchange Holdings Company Limited mcap $6M · float 11M shares

44 sessions is enough to check for yourself. Pull CODX's 5%+ opening gaps on FILTRIX.net and see what a near-even split looks like session by session before deciding the tape knows something.

Find Your Edge on FILTRIX →