24-Hour Movers (2026-09-01)

Fervo +28% on the session with volume at 34.1 times baseline. The premarket 8-K names the counterparty outright: its wholly owned subsidiary Cape Generating Station 6 signed a power purchase agreement with Google Energy for enhanced geothermal output. The first wire story of the session was still calling it a 15% move.

MechanismThe first-party document was in hand the same day, and it landed before the bell: at 08:05 UTC Fervo filed an 8-K (Item 8.01, Other Events) with EDGAR saying its wholly owned subsidiary Cape Generating Station 6 had entered into a power purchase agreement with Google Energy for output from its enhanced geothermal project at Cape Station in Beaver County, Utah. What got repriced is not one contract but the buyer base for the technology: enhanced geothermal has until now sold to utilities or stalled at demonstration scale, and here the purchaser is the energy arm of a hyperscaler. Data centers need round-the-clock baseload, which is the one hard advantage geothermal holds over wind and solar. Nameplate capacity, the megawatts in each delivery tranche, the term of the agreement, the size of the expansion option — all of it sits in the filing, but the link on this card stops partway through that text, and we do not print a figure you cannot click through to. The day's own coverage does not agree with itself either: one story has Google locking in nearly 1 gigawatt of geothermal, another calls the same thing a 3 GW framework, a third puts “could reach a gigawatt by 2030” in its headline. What the filing text actually supports is the most conservative of those readings; the rest is framework and expectation, not contracted energy. The market did not read it in one pass either: the first wire story of the session still said the stock was up 15%; the close measured +28%, on volume 34.1 times baseline. The news broke premarket and the stock gapped at the open (13:30 UTC), so the lag is once again not measurable.

Event time

2026-09-01 · premarket

Lag

priced at the bell — not measurable

MiniMed's post-separation quarter landed premarket: the 8-K carries Item 2.02 and Item 7.01 together, and the first wire story of the day compressed the result into one line — broke even, sales rose. The stock gapped at the open, +11% on the session, volume 6.5 times baseline.

MechanismThe causal chain here is short enough that it barely needs tracing: at 06:50 UTC, hours before the bell, MiniMed filed an 8-K with EDGAR — Item 2.02 disclosing results of operations, Item 7.01 furnishing the same material again under Regulation FD, with a note that a slide deck would be posted to the investor relations site ahead of the earnings call. This is not an ordinary quarter: the company was separated out of its former parent and listed on its own, so what the market bought that day was not the growth rate of any one product line but the first direct answer to whether the business stands up on its own. The earliest wire story of the day compressed that answer into a sentence: the quarter broke even, sales rose. The repricing happened in one step — gap at the open (13:30 UTC), +11% at the close, volume 6.5 times baseline, the 2nd largest single-session move this name has printed in the past 100 trading days. Revenue and per-share figures are in the press release furnished alongside the 8-K, but the link on this card stops at the filing text and does not reach that release, and we do not print a figure you cannot click through to. The news broke premarket, pricing completed at the bell, and the lag cannot be measured.

Event time

2026-09-01 · premarket

Lag

priced at the bell — not measurable

Quartz report. MRNA gapped at the bell and rose 9.9% over 24 hours on 3.0× baseline volume — the news broke pre-market, so the lag cannot be measured.

Event time

2026-08-25 · premarket

Lag

priced at the bell — not measurable