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$MGN -90.95% — what the base rate says

$MGN -90.95% — what the base rate says

Megan Holdings ($MGN) craters 90.95% after class-action filings reveal coordinated social media stock promoters were running the bid. On the other side of the tape, Future FinTech ($FTFT) surges 132.82% on 415,000 shares of float with zero fresh news to justify the volume.

Retail sees green and assumes safety. The base rate sees the meat grinder: across 2,796 historical instances of low-float gap-ups exceeding 30% on no news, stocks close red 70% of the time, dropping a median -10.79% intraday.

When the promoters vanish, the tape doesn't negotiate.

What the data showed

  • $MGN -90.95% Megan Holdings Limited · closed red 59% · green 40% (n=971) mcap $5M · float 22M shares
  • $GRAB -6.31% Grab Holdings Limited mcap $14.9B · float 2.6B shares
  • $SPCX -4.69% Space Exploration Technologies Corp. mcap $1950.2B · float 4.5B shares · sector: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
  • $NVDA -0.82% NVIDIA Corporation mcap $5562.5B · float 23.3B shares · sector: SEMICONDUCTORS & RELATED DEVICES
  • $VALE -1.03% Vale S.A. mcap $65.0B · float 4.4B shares · sector: Metal Mining
  • $NU -1.50% Nu Holdings Ltd. mcap $74.2B · float 3.6B shares · sector: Finance Services
  • $ONDS -1.57% Ondas Inc. mcap $4.4B · float 567M shares · sector: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT
  • $PLUG -3.76% Plug Power Inc. mcap $3.0B · float 1.4B shares · sector: ELECTRICAL INDUSTRIAL APPARATUS
  • $NIO -1.06% NIO Inc. mcap $15.2B · float 2.3B shares
  • $CMCSA -7.25% Comcast Corporation mcap $94.0B · float 3.5B shares · sector: CABLE & OTHER PAY TELEVISION SERVICES

Run the historical odds on FILTRIX.net before chasing midday momentum. Know whether a gap-up statistically expands or folds into the close before committing capital. Discipline > FOMO

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