MOVER · THU OCT 1 2026

Why LQDA fell 20.3% on Oct 1 2026: patent infringement ruling

LQDA-20.3%on Thu Oct 1 2026

Liquidia Corporation Common Stock was down 20.3% on the day at $24.11, ranked #9 on 83.7× its usual five-minute volume, when TapeRank recorded this drop at 08:15 ET during the pre-market session.

THE DAY ON THE LIST · 1 EVENT

  1. 08:15 ET
    MOVER · PRE-MARKET

    $24.11 · ▼ 20.3% ON THE DAY · 83.7× 5M RVOL · RANK #9

    JUSTIFIEDCONFIDENCE5/5

    LQDA is down 6.4% pre-market after a federal court found two United Therapeutics patent claims valid and infringed, following a 57.2% decline in the prior session. The additional analyst downgrade reinforces negative sentiment, but the move is modest relative to the litigation ruling's potential impact on YUTREPIA.

    WHYA 6.4% pre-market decline is proportionate to a court ruling validating infringement of two key patent claims after the stock already fell 57.2%.
    ANALYZED 07:59 ET · 15 MIN AGO · OPENAI/GPT-5.6-LUNA
    THE ROW AND SESSION LEVELS AT 08:15 ET
    LAST24.11
    DAY▼ 20.3%
    5 MIN▼ 9.33%
    5M RVOL83.7×
    5M $VOL$2.6M
    FLOAT*89.5M
    RANK#9
    SESSIONPRE-MARKET
    VWAP27.82
    HOD30.27
    LOD25.10
    OR HIGH—
    OR LOW—
    PREV CLOSE30.26
    PM HIGH30.27
    PM LOW25.10
    GAP▼ 16.92% (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 $23.96, -20.8% on the previous close of $30.26
  • 09:31 ETRegular-session low, $22.31
  • 15:56 ETRegular-session high, $28.10
  • 15:59 ETLast trade of the regular session, $28.02, -7.4% on the previous close of $30.26
  • Volume: 18.9M shares in regular hours, 2.0M before the open

LQDA opened at $23.96, after TapeRank had recorded it as a premarket mover tied to a federal court ruling that found two United Therapeutics patent claims valid and infringed; TapeRank read the ruling as the catalyst, with the analyst downgrade reinforcing the negative backdrop. The stock slipped to $22.31 early, then recovered through the session without any halts, reaching $28.10 late before ending at $28.02, still below the previous close of $30.26.

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

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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