Recaps · September 11, 2026

BENF, September 11: three halts, $2.77, and the bid at $1.15

• Small cap
• Momentum
• Main move: 10 a.m. hour
• No news in the data
• Halt run
• Halted three times
• Lower high
• Faded to the close

Float

2.33 million shares

Volume

6.00 million shares

Previous close

$1.16

Open

$1.30 (up 12.1%)

High

$2.77 at 10:18 a.m.

Halts

3 (10:02 a.m. and 10:12 a.m. and 10:20 a.m.)

Close

$1.06

Pre-market: quiet, then $1.53

The first trade on the 11th was at $1.32 at 4:00 a.m., already above the $1.16 close. For hours it traded in small lots at $1.32 or $1.33.

At 8:34 a.m. it woke up. The pre-market high was $1.53 at 8:36 a.m. Then it faded to $1.18 at 8:48 a.m., down 23% from the high. 30,384 shares traded before the bell.

The open and the 10 a.m. break

It opened at $1.30, up 12% from the previous close. For the next half hour it moved between about $1.35 and $1.48. Volume was thin.

At 10:00 it cleared the pre-market high of $1.53. In the 10:01 minute it ran from $1.57 to $1.83 on 22,173 shares. At 10:02:04 it was halted (a volatility pause) with the last trade at $1.83.

Halts and reopens

It reopened at 10:12:08 at $2.26, 23% above where it stopped. The first print was 83,496 shares at $2.26.

It ran to $2.71 and was halted again at 10:12:30. From 10:14 a bid wall built at $2.80, up to 32,349 shares (1.4% of the float). It was gone at 10:17:31, one second after the reopen.

It reopened at 10:17:30 at $2.72 with a single print of 130,215 shares. That is more than 5% of the float in one trade.

Here's what happened. In that minute it hit $2.77, the high so far. The same minute it also traded as low as $2.15, and it closed the minute at $2.24. The 10:19 minute closed at $2.00.

From 10:18 to 10:20, three ask walls built between $2.55 and $2.67, each about 26,000 to 28,000 shares (about 1% of the float each). At 10:20:33 it was halted a third time, last trade $1.87, and all three walls were gone within a second of the halt.

It reopened at 10:25:33 at $1.87, on a print of 82,976 shares.

The flush and a lower high

By 10:26 more shares had traded than exist in the whole float (2.33 million). In the same minute it fell to $1.37, down 51% from $2.77.

It came back once more. At 10:28 it pushed to $1.65, and touched it again at 10:31, a lower high under the $2.77 top. Between 10:32 and 10:36 several large sell orders went through the book. The biggest was 46,364 shares from $1.36 to $1.30 at 10:34:02. The 10:34 minute fell to $1.17.

The bid at $1.15

From 10:38 on, someone was bidding for stock at exactly $1.15. An ask wall of up to 27,758 shares also appeared at $1.60 at 10:40. The price chopped between about $1.19 and $1.37.

Here's what happened. The bid grew to 66,112 shares at 10:47, about 3% of the float. From 10:48:26, sellers traded into it at $1.15. In 31.4 seconds 23,093 shares traded at $1.15 and the bid was gone. Sellers hit it. The 10:50 minute fell to $1.11.

The rest of the day

After 10:34 it did not trade above $1.37 in the regular session. It spent the midday between about $1.11 and $1.29. At 2:43 p.m. it dropped to $1.05 on 26,732 shares, and the low after the open was $1.03 at 2:44 p.m. It closed at $1.06.

Through the close, 5.60 million shares traded. That is more than twice the float, at 693 times its normal volume.

After hours it traded between $0.90 and $1.16, with the high at 5:41 p.m. and the low at 7:38 p.m. The data shows no news or filings for the day.

What to take from it

• A halt can reopen higher than it stopped, and the book right after a reopen can be thin. The first halt stopped at $1.83 and reopened at $2.26. A 5,000-share buy there averaged $2.37 and cost $374 more than the screen showed.
• After the top, the next push stopped lower. $2.77 at 10:18, then $1.65 at 10:28.
• A big bid can be sold through. The $1.15 bid peaked at 66,112 shares and was gone in 31.4 seconds. The stock closed at $1.06, 62% below the high.