Top Stock Movers Nov 5, 2026: Why LABT, ZNB, APPX Surged

LABT — Lakewood-Amedex Biotherapeutics Inc. (+181.5%)

LABT closed up 181.5% at $0.54 on about 1.03 billion shares. Its 20-day average volume is about 55.3 million, so volume ran roughly 18 times normal. The market cap is only about $456K, which makes this a micro-cap in the extreme. The stock gapped up 99.2% at the open. A gap is when a stock opens far above the prior close.

So why is LABT up? The most likely catalyst is the company's announcement, issued at 8:02 a.m. ET before the open, that it had finished redeeming all of its Series C Convertible Preferred Stock. Kalkine reported the terms as 127,097 remaining shares redeemed for $1,270,970 in cash under a November 2 agreement with Shakawe Capital LLC. That detail comes from a single outlet, so treat it as unverified until you check the filing. Benzinga's automated report put the intraday jump higher than the close, at 237.6% to $0.65. Reports of the size of the move vary by source.

The float is very small. Reported shares outstanding are about 2.37 million, and thin supply can exaggerate price swings. Even after today's surge, the stock sits 99.4% below its 52-week high.

On StockSetups, the candle was an inverted hammer, with RSI at 44 and ADX at 47. Conviction scored 40/100 (grade D). Short-volume was 54%. The smart-money score was 17/100, with a largest disclosed stake of 8.8%. Retail chatter was light, at 7 Reddit mentions.

ZNB — Zeta Network Group (+70.4%)

ZNB closed up 70.4% at $1.06 on about 60.9 million shares, against a 20-day average near 4.9 million. It gapped up 90.5% at the open. Market cap is about $1.1M, in the Real Estate sector.

No news, filing or announcement clearly explains the move. The day's headlines were an annual-report amendment with new CEO and CFO certifications, a ChartMill note listing ZNB among gap-up movers, and a Timothy Sykes note on heavy-volume volatility. The latest annual report (20-F) was filed October 19. That points to a momentum- and technically-driven move rather than a clear fundamental catalyst.

Free float is 99.9% and short-volume was 48%. HRT Financial LP made small buys between late August and early September, each $5K or less, which isn't a meaningful signal.

The technicals are weak. There was no setup lane signal, the moving-average stack is bearish, RSI is 59, ADX is 20, and relative strength is rated 1. The stock is still 99.9% below its 52-week high. Conviction is 40/100 (grade D). It was also featured in our After-Hours Movers Nov 4 recap.

APPX — Tradr 2X Long APP Daily ETF (+62.4%)

APPX closed up 62.4% at $14.52 on about 11.7 million shares, versus a 20-day average near 1.8 million. It gapped up 57.7%. APPX is a leveraged fund, not a company.

The most likely catalyst was AppLovin's (APP) Q3 earnings, released after the November 4 close. AppLovin reported record revenue of $2.18 billion, up 55% year over year. AOL reported EPS of $4.30 against a $4.04 consensus, and Q4 revenue guidance of $2.37–$2.40 billion, above the roughly $2.25 billion analysts expected. The company also raised its buyback authorization by $3.2 billion, to $3.6 billion in total, according to Timothy Sykes. APP traded up roughly 26–32% intraday from a $271.75 prior close, per Yahoo Finance. Because APPX targets twice APP's daily move, a gain like that magnifies. No APPX-specific source confirms the 62% figure.

Leveraged funds reset daily, so returns over several sessions can drift away from 2x. They are mainly short-term trading tools and carry high risk.

Technically, RSI is 70 and ADX is 31, with a mixed moving-average stack and no setup lane signal. The fund is 87.5% below its 52-week high. Conviction is 4/100 (grade D), and short-volume was 39%.

UVIX — UVIX (+61.2%)

UVIX closed up 61.2% at $53.36 on about 11.2 million shares, against a 20-day average near 3.6 million. It is the Volatility Shares 2x Long VIX Futures ETF, so it has no earnings or press releases of its own.

The most likely driver was a market-wide volatility spike. Reuters, via Investing.com, reported that the VIX had its biggest intraday jump in more than 18 months as steep losses in chip and data-center stocks pulled down the major indexes. Reuters also linked the selloff to investors weighing what a Democratic Congress means for AI infrastructure spending, as Qz reported. With 2x leverage to VIX futures, a spike like that would be expected to produce a very large one-day gain. Mid-session quotes showed smaller gains than the close, so intraday figures differ.

VIX products tend to decay over time, and spikes often reverse quickly. That makes holding them risky.

On StockSetups, there was no setup lane signal, RSI is 66, ADX is 29, and the moving-average stack is mixed. The fund is still 80.5% below its 52-week high. Conviction is 4/100 (grade D), and short-volume was 40%.

SNDQ — SNDQ (+46.0%)

SNDQ closed up 46.0% at $35.89 on about 49.2 million shares, versus a 20-day average near 18.0 million. It gapped up 14.4%. SNDQ is the Tradr 2X Short SNDK Daily ETF, which seeks -2x the daily move of SanDisk (SNDK).

It rose because SanDisk fell sharply. Benzinga reported that SanDisk's 17% plunge sent the inverse ETF up about 35%, while leveraged long SNDK funds fell about 34%. GuruFocus reported the SNDK drop at 17.49% amid a broader 3.2% S&P 500 decline. It tied that decline to AI-investment concerns and uncertainty after the midterm elections. A second piece instead pointed to a rotation into defensive sectors. No SanDisk company announcement explains the drop, so the underlying cause remains unconfirmed.

The fund's leverage resets daily, so multi-day results can diverge from twice SanDisk's move.

Technically, RSI is 78, which is overbought, and ADX is 28. There was no setup lane signal. The fund is 81.5% below its 52-week high. Conviction is 4/100 (grade D), and short-volume was 46%.

The bottom line

Today's list mixes a micro-cap with a tiny float, a stock with no clear catalyst, and three leveraged or inverse funds that simply amplified big market moves. Moves like these often give back much of their gains, and nothing here implies a continuation. Patterns and squeezes fail often, and leveraged funds can lose value quickly. Manage risk, size positions carefully and do your own research. For context, see our Premarket Movers Nov 5 recap. StockSetups scans the full US universe after every close and every premarket morning. This article is educational only, not financial advice.