Why Was Locafy (LCFY) Stock Down on Oct 6, 2026?
LCFY fell 6.87% in the 10 minutes after the headline, $2.62 to $2.44.
- LCFY fell 6.87% over 10 minutes, $2.62 to $2.44.
- Headline time 08:08:00 ET on October 6, 2026.
- Volume 11.4K shares in 10 min.
08:08:00 ET
Reaction by asset (real prices)
| Asset | 2m before | At release | +1m | +10m | +1m % | +10m % |
|---|---|---|---|---|---|---|
| LCFY | 2.62 | 2.62 | 2.65 | 2.44 | +1.15% | -6.87% |
Locafy (LCFY) fell 6.87% in the 10 minutes after this headline reached the MoveSurge news feed at 08:08:00 ET on October 6, 2026: “Locafy announced an acquisition with a potential cash consideration of up to $3 million.”
The reference price just before the headline was $2.62; 10 minutes later the stock traded at $2.44. One minute in it was $2.65, a +1.15% move. By 10 minutes it had reversed to -6.87%.
Traded size over the same window: Volume 11.4K shares in 10 min.
How this move was measured
MoveSurge prices an eligible headline against its own clock rather than against the close. A reference level is taken from just before the headline reaches the news feed, and the same instrument is sampled again one minute and 10 minutes later. The four figures in the table below are those samples. They describe LCFY over 10 minutes, not over the trading day.
How far did Locafy (LCFY) move after the headline?
From $2.62 just before the headline to $2.44 10 minutes later, a -6.87% move.
What was the headline on October 6, 2026?
At 08:08:00 ET: Locafy announced an acquisition with a potential cash consideration of up to $3 million.
Is the 6.87% figure a whole-day move?
No. It covers the 10 minutes after the headline reached the news feed, measured from a reference price taken just before it.
Sources
-
LCFY in the MoveSurge news feed, Oct 6, 2026
— MoveSurge
The headline as it crossed, its timestamp, and the measured price reaction reported on this page.
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