Why These 10 Stocks Are Moving Today: October 22, 2026

The market is seeing a flurry of activity today, October 22, 2026, with several small-cap stocks experiencing massive volume spikes and double-digit percentage gains. The session is defined by high-conviction trading in niche sectors, ranging from AI infrastructure and cybersecurity to specialized industrial equipment. Leading the pack is SHF Holdings, Inc., which has seen an extraordinary surge in interest, followed closely by significant moves in STAK Inc. and Exascale Labs Holdings Inc..

SHFS (SHF Holdings, Inc.) — up 215.2% SHF Holdings is the day's standout performer, surging 215.2% to approximately $0.49. The move began early in the session, characterized by extreme volume of 791.01M shares, which is 60.6x its 3-month average. This unusual intraday activity suggests a significant shift in market sentiment or a reaction to speculative positioning. What to watch next: Investors are monitoring whether the stock can maintain these volume levels or if the price will consolidate after such a rapid ascent.

STAK (STAK Inc.) — up 64.0% STAK Inc. is rallying 64.0% to $1.64 on heavy volume of 77.31M shares, representing 22.8x its normal daily average. Recent reports indicate the company is shifting its focus toward higher-priced specialized oilfield vehicles, which has improved its average selling price significantly. The company is currently working to build on a return to profitability. What to watch next: Continued updates on the company's operational pivot and its ability to sustain higher margins on its equipment sales.

XLAB (Exascale Labs Holdings Inc.) — up 58.7% Exascale Labs Holdings is up 58.7% to $4.32 on 56.66M shares, or 12.8x its average volume. The catalyst for this move is a recently disclosed $8.2 million NVIDIA GPU server supply contract with Sunon, which has bolstered investor confidence in the company's AI infrastructure growth strategy. What to watch next: Execution of the new contract and any further announcements regarding AI-related partnerships.

NCPL (Netcapital Inc.) — up 54.7% Netcapital Inc. has climbed 54.7% to $2.43 on 20.10M shares. The stock has been a consistent top performer throughout the session, ranking among the most active movers in the full tracked universe. What to watch next: Price stability above the $2.00 support level.

CRMT (America's Car-Mart, Inc.) — up 46.2% America's Car-Mart is up 46.2% to $0.96 on 2.49M shares. The move reflects a sharp recovery in interest for the automotive retailer. What to watch next: Any upcoming earnings reports or operational updates that could justify the current momentum.

ATII (Archimedes Tech SPAC Partners II Co.) — up 36.8% Archimedes Tech SPAC Partners II is trading up 36.8% to $9.81 on 214.5K shares. As a SPAC, the stock is reacting to specific market conditions and potential deal-related speculation. What to watch next: Any news regarding potential merger targets or regulatory filings.

PFSA (Profusa, Inc.) — up 30.1% Profusa is surging 30.1% to $1.10 on 42.89M shares, which is 15.5x its 3-month average volume. The high relative volume indicates strong institutional or retail interest in the company's current trajectory. What to watch next: Sustained volume levels to confirm the strength of this breakout.

BKYI (BIO-key International, Inc.) — up 29.8% BIO-key International is up 29.8% to $2.73 on 30.90M shares, or 7.5x its average volume. The company is currently expanding its government cybersecurity footprint in the Gulf region, which has served as a primary catalyst for recent investor interest. What to watch next: Further expansion news in the cybersecurity sector.

BHVN (Biohaven Ltd.) — up 24.3% Biohaven Ltd. is up 24.3% to $14.61 on 27.70M shares, 10.7x its average volume. The company faces pivotal clinical and regulatory questions across its drug pipeline, which keeps it on the radar for biotech investors. What to watch next: Updates on clinical trial milestones or regulatory decisions.

GLMD (Galmed Pharmaceuticals Ltd.) — up 21.1% Galmed Pharmaceuticals is up 21.1% to $4.63 on 301.2K shares, representing 39.8x its 3-month average volume. The massive relative volume spike suggests a significant event or development is driving the stock. What to watch next: Any official company press releases regarding its pharmaceutical pipeline.

What Other Outlets Are Reporting - StocksToTrade: XLAB Stock Extends Rally On $8.2M NVIDIA Server Deal - 247 Market News: The Next Big Moves Include a Short-Interest Setup

Key Takeaways - Small-cap stocks are dominating today's session, with multiple tickers seeing volume spikes exceeding 10x their 3-month averages. - AI infrastructure and cybersecurity remain key themes, with companies like XLAB and BKYI benefiting from specific contract and expansion news. - High-volume volatility is the primary characteristic of today's market, requiring investors to monitor support and resistance levels closely. - This report is for informational purposes only and does not constitute financial advice. Disclaimer: This article is for informational purposes only and does not constitute financial, investment, or trading advice. All investments involve risk, including the loss of principal. Please conduct your own research or consult with a qualified financial advisor before making any investment decisions.