Why FHTX fell 42.9% on Oct 1 2026: program termination
FHTX-42.9%on Thu Oct 1 2026
Foghorn Therapeutics Inc. Common Stock was down 42.9% on the day at $2.04, ranked #1 on 969× its usual five-minute volume, when TapeRank recorded this drop at 08:35 ET during the pre-market session.
THE DAY ON THE LIST · 1 EVENT
- 08:35 ETMOVER · PRE-MARKET
$2.04 · ▼ 42.9% ON THE DAY · 969× 5M RVOL · RANK #1
JUSTIFIEDCONFIDENCE5/5FHTX fell 47.3% after ending the FHD-909 clinical expansion and the broader Lilly collaboration, while cutting its workforce by about 40%. The loss of a partnered development program and collaboration, combined with strategic reprioritization, is a material negative catalyst consistent with the sharp decline.
WHYA 47.3% pre-market drop is large, but ending the lead partnered program and Lilly collaboration plus a 40% workforce reduction is comparably major fundamental news.ANALYZED 08:12 ET · 22 MIN AGO · OPENAI/GPT-5.6-LUNATHE ROW AND SESSION LEVELS AT 08:35 ET
LAST2.04DAY▼ 42.9%5 MIN▲ 2.00%5M RVOL969×5M $VOL$513KFLOAT*59.4MRANK#1SESSIONPRE-MARKETVWAP1.99HOD2.75LOD1.71OR HIGH—OR LOW—PREV CLOSE3.57PM HIGH2.75PM LOW1.71GAP▼ 42.86% (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
- 06:55 ETHalted (T1); resumed 07:30 ET, after 35 minutes
- 09:30 ETOpened at $2.08, -41.7% on the previous close of $3.57
- 09:49 ETRegular-session low, $1.79
- 15:37 ETRegular-session high, $3.21
- 15:59 ETLast trade of the regular session, $2.93, -17.9% on the previous close of $3.57
- Volume: 11.0M shares in regular hours, 2.2M before the open
FHTX opened at $2.08 after falling sharply premarket, with TapeRank reading the move as justified by the termination of the FHD-909 clinical expansion and broader Lilly collaboration, along with a workforce reduction of about 40%. A 35-minute halt began at 06:55 ET and resumed at 07:30 ET while news was pending; the stock later fell to $1.79 before reversing to a session high of $3.21. It ended at $2.93, still below the previous close of $3.57 but well above the open.
WRITTEN THU OCT 15 2026 17:59 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
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