OPEN Bounce, Short Covering
No fresh company news explains the reversal from yesterday's slide, so the violent upward move looks like short covering in a heavily traded low-priced stock, with prediction market chatter about a price threshold adding speculative fuel.
Sources: https://www.lines.com/prediction-markets/finance/stocks/will-open-hit-week-of-september-28
Sources
Ezbrisk weighs each event against the market reaction and publishes a verdict with an overreaction reading. How the methodology works