Recaps · September 9, 2026

FTFT, September 9: two halts, the $3.00 wall, and $3.54

• Small cap
• Momentum
• Main move: late morning
• Intraday run
• Halted twice
• Round-number break
• Lower high
• Float traded 3x

Float

7.47 million shares

Volume

26.70 million shares

Previous close

$1.31

Open

$1.27 (up 3.1%)

High

$3.54 at 11:15 a.m.

Halts

2 (10:49 a.m. and 11:21 a.m.)

Close

$2.07

A quiet start

The previous close was $1.31. There was no news headline in our data for the day.

Pre-market was thin. The high was $1.33 at 4:00 a.m., and only 2,743 shares traded before the bell. The low was $1.23 at 5:12 a.m.

It opened at $1.27, down 3% from the previous close. The low since the open was $1.26, in the 9:30 minute. For the next half hour it crept up to $1.34, on a few hundred shares a minute.

The climb to the halt

Volume woke up at 10:08. The 10:09 minute traded 6,118 shares and reached $1.44. From there it sat between $1.39 and $1.45 for about 25 minutes.

At 10:35 it started to move. The 10:36 minute traded 25,764 shares and took it to $1.53. By 10:45 it was at $1.61.

Then it sped up. In four minutes, from 10:46 to 10:49, it went from $1.61 to $2.13. The 10:48 minute alone traded 248,691 shares.

The order book showed more. At 10:49:22, one second before the halt, there were 158,073 shares bid at $2.13, about 2.1% of the float. At 10:49:23 it was halted (a volatility pause) with the last trade at $2.13.

The reopen

It reopened at 11:04 at $2.57, 21% above where it stopped. In the same second a single print of 169,120 shares went through at $2.65.

In that first minute it traded through $3.00 for the first time that day and hit $3.18, up 24% from the reopen. In the next minute it dropped to $2.51. The bid wall at $2.13 was pulled at 11:05:42.

It ran again: $3.25 at 11:10, up 29% from $2.51. It dipped to $2.80 at 11:12, then pushed back up. By 11:14 it had traded as high as $3.30.

Here's what happened. It hit $3.54 at 11:15, the high so far, 170% above the previous close. Within three minutes it was back at $3.05. At 11:18:10 a single sell order of 59,896 shares went through eight price levels, from $3.37 to $3.30.

At 11:21:46 it was halted again (a volatility pause) with the last trade at $2.58. The 11:21 minute had dropped from $2.97 to $2.58. Just before the halt, an ask wall formed at $2.58 and peaked at 170,542 shares at 11:21:45, about 2.3% of the float.

It reopened at 11:26 at $2.43, 6% below where it stopped. The wall was gone at 11:26:47. In the reopen second, a single print of 62,347 shares went through at $2.43.

By 11:26, more shares had traded than exist in the whole float (7.47 million). Then it kept falling, to $2.06 at 11:29, down 42% from the $3.54 top in 14 minutes.

The wall at $3.00

From 11:30 to 11:57 it chopped between $1.97 and $2.38. At 11:58 it turned up and ran to $2.86 by 12:16.

Here the order book matters. From 11:59 on, someone was offering stock at exactly $3.00. The wall peaked at 77,826 shares at 12:19, about 1% of the float. At 12:22 a buy order of 42,778 shares swept up through the $2.80s and $2.90s toward it.

Here's what happened. At 12:23 another buy order of 46,733 shares swept up toward it. Trades began printing at $3.00 at 12:24:07. In 3 seconds, 49,129 shares traded at exactly $3.00 and the wall was gone. It wasn't pulled. Buyers ate it. At 12:24:10 a buy order of 38,331 shares swept from $3.00 to $3.03.

The 12:24 minute reached $3.18 but closed at $2.94. At 12:24:45 a sell order of 39,600 shares went through 14 levels, from $3.10 to $2.97.

The rest of the day

In the ten minutes after the break it stayed between $2.76 and $3.10, around the old wall.

Here's what happened. At 12:36 it pushed to $3.40. A single buy order of 103,610 shares went through 23 levels, from $3.18 to $3.40. That was a lower high, under the $3.54 top. Then sellers took over. Sell orders of 50,362 shares at 12:37 and 69,996 shares at 12:39 went through the $3.20s and $3.10s. By 12:42 it was at $2.51.

From there it faded: $2.35 at 1:18 p.m., then a long stretch in the $2.40s and $2.50s. A bid wall at $2.20 had sat on the book since 3:17 p.m., up to 81,619 shares. From 3:46:56 to 3:47:11, 20,594 shares traded at exactly $2.20, and the wall was gone at 3:47:12. The low in the 3:48 minute was $2.03, and the stock closed at $2.07.

For the regular session, 22.51 million shares traded: the float changed hands about 3 times, at about 56 times its normal volume.

After hours

After hours it ran from $1.93 at 4:05 p.m. to $2.94 at 5:00 p.m., up 52%. It slipped back from there and was at $2.09 by 7:59 p.m. About 4.18 million shares traded after hours.

What to take from it

• A halt can reopen far from where it stopped, in either direction. The 10:49 halt stopped at $2.13 and reopened at $2.57. The 11:21 halt stopped at $2.58 and reopened at $2.43.
• A big ask wall at a round number can fall in seconds, and the price just above it can be thin. The $3.00 wall went in 3 seconds, and a 5,000-share buy one second after it was eaten cost $162 more than the screen showed.
• After the top, the next push stopped lower. $3.54 at 11:15, then $3.40 at 12:36. It closed at $2.07, 42% below the high.