Premarket Movers Oct 14, 2026: Why TGL, GLND, LQDA Are Up

TGL — Treasure Global Inc (+149.7%)

Treasure Global is up 149.7% in premarket trading to $0.70, on about 60.6 million shares. Its 20-day average volume is roughly 952,000, so volume is already far above normal. Premarket volume is usually lighter than regular hours, which makes that figure more striking. The market cap is only $1.5 million.

The likely driver is a Yahoo Finance headline from October 13: Treasure Global signed an MOU (a non-binding memorandum of understanding) to expand medical supply and pharmaceutical distribution across Southeast Asia. An MOU is not a finished deal. The company also filed its 10-K on October 13 after a late-filing notice (NT 10-K) on September 28. It filed two 8-Ks tagged as dilution in September, which is a warning sign for shareholders.

The prior-day setup was weak. The stock was in a bearish moving-average stack, RSI was 23 (deeply oversold), and it sat 98.9% below its 52-week high. Conviction was 20/100 with a D grade, and no pattern signal was present.

The squeeze score is 41/100. Short interest is 122,856 shares, or 0.1 days to cover (how many days of average volume shorts would need to buy back). That is too small to drive a real squeeze. A short-sale restriction is active, which limits short selling on a stock that has fallen sharply. This is a sub-$1, micro-cap name. Moves like this can reverse fast.

GLND — Greenland Energy Co (+76.0%)

Greenland Energy is up 76.0% to $3.88 on about 38.1 million shares, already above its 20-day average of about 36.2 million. Market cap is $96.4 million. Sources reported premarket gains of 57% and 66.5% at various moments, so the exact percentage is moving around.

The likely catalyst is a Truth Social post from President Trump on Wednesday, October 14, saying "massive" oil, gas and mineral exploration is about to begin in Greenland, as reported by Reuters. Reuters reported no company-specific news. The post named no companies, approved drilling locations, or timetable. GLND is being linked to the move through its Greenland focus, not through any company announcement. Peers Critical Metals (CRML) and Greenland Mines (GRML) are also up.

On the prior-day chart, GLND had no pattern signal. RSI was 43, ADX 31, and the stock sat 83.0% below its 52-week high. Conviction was 1/100 with a D grade. It had recently hit 52-week lows, per a Stocktwits headline.

The squeeze score is 40/100. Short interest is 1,714,976 shares, or 2.2 days to cover, and short interest had been climbing, according to MarketBeat. A short-sale restriction is active. Director-level buyer Larry G. Swets Jr. made small Form 4 purchases from May to June. The largest disclosed stake is 5.8%. A headline-driven theme pop with no company-specific news can fade quickly.

LQDA — Liquidia Corp (+41.7%)

Liquidia is up 41.7% to $38.00 on about 1.7 million shares, against a 20-day average of about 5.2 million. Market cap is $2.4 billion. Other outlets reported the stock up as much as 46.7% premarket and 42.48% after the bell Tuesday.

The catalyst is clear. In an October 13 press release, filed as an 8-K exhibit, Liquidia announced a global settlement with United Therapeutics (UTHR) that resolves all pending litigation. Liquidia's net payment is $175 million within 30 business days, which accounts for money United Therapeutics pays to resolve related antitrust litigation. Liquidia then pays another $145.4 million in two equal $72.7 million installments, due by January 31 and April 30, 2027. The deal keeps YUTREPIA on the market. A September 30 Delaware court ruling had found key United Therapeutics patent claims valid and infringed, which sent shares down nearly 57% in one session.

Technically, the prior-day setup shows a stock still heavily damaged. RSI was 22, ADX 40, and the moving-average stack was mixed. It sat 70.5% below its 52-week high. The RS rating was 82, the trend-template score 3, and conviction 22/100 with a D grade. Today's move is a news-driven gap (a jump from the prior close) rather than a pattern breakout. Our gap fill guide covers how gaps like this can behave.

Squeeze potential is the highest in this list: a score of 73/100, short interest of 11.86 million shares, and 10.2 days to cover. A short squeeze happens when short sellers buy back shares to limit losses, which pushes the price higher. The largest disclosed stake is 9.4%. See also our after-hours recap from last night.

FFAI — Faraday Future Intelligent Electric Inc. (+33.3%)

Faraday Future is up 33.3% to $1.48 on about 8.0 million shares, versus a 20-day average of about 4.2 million. Market cap is $32.8 million.

The most likely catalyst is a definitive agreement announced October 14 under which FF EAI Robotics Ecosystem (NASDAQ: FFR) would acquire FFAI's robotics business in an all-stock deal valued at about $200 million, per Business Wire. The agreements were signed October 12. FFR will issue shares at $2.246, about 50% above its October 12 close. FFR also secured up to $10 million in PIPE financing, and after closing FFAI is expected to own about 65% of FFR. No source ties the roughly 33% gain directly to this news, so the link is a timing inference, not a confirmed cause.

The prior-day chart showed a bullish belt hold candle, a single-candle pattern that opens at the low and rises, but within a deep downtrend. RSI was 27, the moving-average stack bearish, and the stock 99.2% below its 52-week high. Conviction was 0/100 with a D grade.

The squeeze score is just 16/100. Short interest is 751,534 shares, or 0.8 days to cover, and free float is 93.4%. Squeeze mechanics are not a big factor here. The stock has a history of filings tied to shelf registration and an ended agreement, so dilution and deal-completion risk matter.

GRML — Greenland Mines Ltd (+30.7%)

Greenland Mines is up 30.7% to $7.18 on about 6.5 million shares, below its 20-day average of about 25.2 million. Market cap is $872.9 million. Sources reported premarket gains of nearly 70% at times, so the size of the move is unsettled.

The likely catalyst is the same broad Greenland-theme announcement affecting GLND. CBS News reported that President Trump said "massive" oil, gas and mineral exploration is preparing to begin in Greenland. The statement gave no details about the plans. No GRML-specific press release, deal, or financing was found for October 14. The link is likely but not verified.

Context matters. The stock fell 8.5% on Monday after a raise, per kalkine.ca, and has filed 424B5 prospectus supplements in late September tied to follow-on offerings, which are bearish for existing holders because they add shares. It also welcomed an EU strategic project designation for Neo Performance Materials' Silmet 2.0 on October 12.

The prior-day setup had a bearish harami candle (a small candle inside a larger prior one, often a sign of stalling). RSI was 43, ADX 18, and the stock sat 73.4% below its 52-week high. Conviction was 0/100 with a D grade. The squeeze score is 14/100, with 643,675 shares short and 0.7 days to cover. The smart-money score is 15/100, and the CFO made Form 4 purchases in July and August. A theme-driven move like this carries high reversal risk.

The bottom line

Today's premarket leaders are a mix of a clear catalyst (LQDA's litigation settlement), a pending deal (FFAI), a thin MOU (TGL), and a political headline lifting Greenland-linked names (GLND, GRML). Several are micro-caps with dilution histories and short-sale restrictions. Premarket prices are thin and can change sharply at the 9:30 AM ET open. Big gainers often give back much of the move, and patterns and squeezes fail. Manage your risk, size positions small, and do your own research. This is educational content, not financial advice.

StockSetups scans the full US stock universe after every close and every premarket morning, detecting patterns and scoring setups so you can see the technical picture behind a move. For more context, see yesterday's premarket recap.