— Why it moved
Why HAO Stock Collapsed Today — July 10, 2026
A 395K-share float ran Haoxi to $2.11 before breakfast, then a $4 million share sale priced at $0.40 erased 80% of it by the close.
What moved HAO stock
Haoxi Health Technology is a small Beijing-based digital ad agency that places short-video ads for Chinese advertisers. Nothing was announced on the way up — the premarket gap was pure momentum in a nearly nonexistent float. The real news came later, and it went the other way: a $4 million registered direct offering, 10 million new shares priced at $0.40 each.
The mechanics
With roughly 395,264 shares floating and a $2.4M market cap, a few hundred thousand dollars of buying can double this stock. It works in reverse too. The day's 89M shares of volume turned that float over more than 200 times.
HAO by the numbers
That 52-week high reflects reverse-split history, down 99.6% from it
The alert window
Stock Pulse pinged at 7:42 AM premarket at $1.85. The $2.11 peak printed at 7:47 — five minutes later, on real volume (1.4M shares in that minute). Five minutes was the entire window. The regular session topped at $1.90 seven minutes after the bell and never saw the alert price again.
How HAO's move ended
Closed at $0.36, down 80.6% from the alert. The stock held the $1.30–$1.50 range through lunch, then waterfalled from $1.15 to under $0.45 in about ten minutes just after 1 PM as the offering terms — 10 million shares at $0.40, roughly 25 times the existing float — hit the tape. This isn't Haoxi's first time either. They ran the same play in May with a $6.5M raise that also cratered the price.
The tell: when a serial diluter gaps up huge on no news, the spike is the company's exit liquidity, not yours. HAO had run this exact script eight weeks earlier.