UNEXPLAINED MOVE · MOVER · WED OCT 28 2026

Why AXGN rose 20.1% on Oct 28 2026: earnings beat

AXGN+20.1%on Wed Oct 28 2026

Axogen, Inc. Common Stock was up 20.1% on the day at $45.00, ranked #2 on 23.1× its usual five-minute volume, when TapeRank recorded this spike at 08:49 ET during the pre-market session. TapeRank recorded 2 events for AXGN that day, between 07:07 and 08:49 ET, and each is in the timeline below.

THE DAY ON THE LIST · 2 EVENTS

  1. 07:07 ET
    UNEXPLAINED MOVE · PRE-MARKET

    $43.69 · ▲ 16.6% ON THE DAY · 14.8× 5M RVOL · RANK #1

    UNEXPLAINEDNO FILINGS · RULE

    AXGN is up 8.1% on the day on 12.7x its normal volume for this time of day. No filings or headlines were found in SEC EDGAR filings and Benzinga wire headlines in the last 24 hours, so this is order flow rather than a disclosed catalyst.

    WHYNo filings or headlines within 24 hours of the move.
    ANALYZED 07:04 ET · 2 MIN AGO · RULE, NO MODEL
    THE ROW AND SESSION LEVELS AT 07:07 ET
    LAST43.69
    DAY▲ 16.6%
    5 MIN▲ 9.28%
    5M RVOL14.8×
    5M $VOL$428K
    FLOAT*53.8M
    RANK#1
    SESSIONPRE-MARKET
    VWAP40.07
    HOD42.32
    LOD39.98
    OR HIGH—
    OR LOW—
    PREV CLOSE37.46
    PM HIGH42.32
    PM LOW39.98
    GAP▲ 12.97% (indicated)

    * FLOAT IS SHARES OUTSTANDING; TRUE FREE FLOAT IS NOT AVAILABLE

    — MEANS THE LEVEL DID NOT EXIST YET AT THAT INSTANT, NOT ZERO

  2. 08:49 ET
    MOVER · PRE-MARKET

    $45.00 · ▲ 20.1% ON THE DAY · 23.1× 5M RVOL · RANK #2

    JUSTIFIEDCONFIDENCE5/5

    AXGN is up 22.8% pre-market after reporting a 50% adjusted EPS beat, 26.2% revenue growth, and raising full-year revenue guidance above consensus. The strong operating results and guidance increase provide a concrete catalyst that supports a large gap higher, though the move is substantial.

    WHYUp 22.8% on a 50% EPS beat, 3.6% sales beat, 26.2% revenue growth, and raised guidance is a large but proportionate reaction to strong earnings news.
    ANALYZED 09:06 ET · <1 MIN AGO · OPENAI/GPT-5.6-LUNA
    THE ROW AND SESSION LEVELS AT 08:49 ET
    LAST45.00
    DAY▲ 20.1%
    5 MIN▲ 2.27%
    5M RVOL23.1×
    5M $VOL$815K
    FLOAT*53.8M
    RANK#2
    SESSIONPRE-MARKET
    VWAP43.57
    HOD45.19
    LOD39.98
    OR HIGH—
    OR LOW—
    PREV CLOSE37.46
    PM HIGH45.19
    PM LOW39.98
    GAP▲ 17.46% (indicated)

    * FLOAT IS SHARES OUTSTANDING; TRUE FREE FLOAT IS NOT AVAILABLE

    — MEANS THE LEVEL DID NOT EXIST YET AT THAT INSTANT, NOT ZERO

THE SESSION

  • 09:30 ETOpened at $45.45, +21.3% on the previous close of $37.46
  • 09:30 ETRegular-session low, $43.50
  • 14:49 ETRegular-session high, $49.97
  • 15:59 ETLast trade of the regular session, $49.31, +31.6% on the previous close of $37.46
  • Volume: 8.7M shares in regular hours, 313K before the open

AXGN opened at $45.45 after an early move that TapeRank initially marked unexplained, then dipped to $43.50 before extending higher. TapeRank later tied the advance to earnings: adjusted EPS beat estimates, revenue grew 26.2%, and the company raised full-year revenue guidance above consensus. The stock reached a $49.97 high at 14:49 ET and ended the regular session at $49.31, up 31.6% from the previous close, with no halts during the session.

WRITTEN WED OCT 28 2026 16:00 ET BY OPENAI/GPT-5.6-LUNA FROM THE FACTS ON THIS PAGE

FILINGS AND NEWS · 24H BEFORE THE MOVE

On the tape right now

WHERE THE LIST STOODWED NOV 4 2026 · 13:49 ETRECORDED LIVE · 742 QUALIFY

01
ECGSURGING 0:05
79.71
▼ 29.3%
▼ 1.41%
41.0×
FAD
$6.2M
51.1M*
STRETCHED
02
CAVASURGING 0:00
64.78
▲ 7.4%
▲ 1.30%
9.3×
ORBHODVWH
$11.6M
116.8M*
UNEXPLAINED
03
URGNSURGING 0:00
29.16
▼ 15.2%
▼ 1.29%
15.6×
FAD
$1.4M
48.9M*
JUSTIFIED
04
MPTISURGING 0:00
64.15
▼ 1.5%
▲ 0.96%
23.8×
VWH
$637K
4.3M*
UNEXPLAINED
05
LSPDSURGING 0:00
11.52
▲ 4.9%
▼ 1.24%
16.5×
ORB
$426K
133.3M*
UNEXPLAINED
06
CRCTSURGING 0:00
8.90
▲ 49.2%
▼ 0.72%
15.1×
GAPORBVWHEXT
$395K
54.7M*
STRETCHED
07
BROSSURGING 0:00
43.97
▲ 0.9%
▼ 0.91%
4.0×
FAD
$4.3M
137.9M*
UNEXPLAINED
08
LMRICOOLING 1:35
12.85
▲ 14.5%
▲ 1.06%
132×
ORBHODVWH
$1.7M
—
UNEXPLAINED
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