Recaps · September 15, 2026

MEDS, September 15: five halts and $3.85

• Small cap
• Momentum
• Main move: midday
• Halted five times
• Float traded 7x
• Bid wall at a halt
• Halt reopens
• Lower high

Float

2.38 million shares

Volume

21.85 million shares

Previous close

$0.8819

Open

$0.8949 (up 1.5%)

High

$3.85 at 1:32 p.m.

Halts

5 (1:04 p.m. and 1:10 p.m. and 1:20 p.m. and 1:33 p.m. and 2:01 p.m.)

Close

$1.63

A dead morning

MEDS closed at $0.88 on September 14 after trading 18,631 shares that day. The 15th started the same way.

The pre-market high was $0.94 at 8:30 a.m. Just 1,611 shares traded before the bell. It opened at $0.89, up 1.5% from the previous close.

Then it sat. Until noon, no minute traded more than 3,531 shares, and the stock stayed near $0.87. The low since the open was $0.865 at 10:11 a.m. Nothing on the chart suggested what came next.

12:00 to 1:04: the build

At 12:01 p.m. a minute traded 6,128 shares, the biggest of the day so far, and the stock started to wake up. By 12:13 it was around $0.93. At 12:22 a 15,713-share minute held it near $0.98.

It crossed $1.00 at 12:54, reaching $1.01. Then the volume arrived. The 12:59 minute traded 111,976 shares. At 1:03 it closed at $1.42 on 301,693 shares. That one minute equaled about 13% of the 2.38 million-share float.

The first halt and the bid at $1.48

At 1:04 p.m. it hit $1.48 and was halted (a volatility pause). During the halt, a lot of stock sat on the bid at exactly $1.48. It peaked at 114,415 shares, about 5% of the float. On the ask side, 68,822 shares sat at $1.48 by 1:09:39.

It reopened at 1:09:47. A single print of 160,142 shares went through at $1.48 as it reopened, and both walls at $1.48 were gone by 1:09:48. The 1:09 minute went on to close at $1.78.

Halts two and three: $2.00 and $2.67

At 1:10:13 it was halted again at $1.78. A bid wall of up to 134,128 shares, about 5.6% of the float, sat at $1.78 during the halt. It reopened at 1:20 at $2.00, above where it stopped, on a 157,733-share print. By the end of the 1:30 minute more shares had traded than exist in the whole float (2.38 million).

The 1:20 minute went from $2.00 to $2.40. At 1:20:39 it was halted a third time. A bid wall of up to 259,688 shares (10.9% of the float) sat at $2.40. It reopened at 1:30 at $2.67, well above that wall, on a 130,201-share print. A buy order swept 29,367 shares from $2.69 to $2.81 across 13 price levels as it reopened. The wall was pulled at 1:31:17.

Back above $3

The 1:32 minute hit $3.85, the high of the day, up 337% from the $0.88 previous close. Then a sell order ran 44,020 shares down from $3.73 to $3.65 across 9 levels at 1:32:47.

At 1:33:30 it was halted a fourth time, with the last trade at $2.65. That's 31% below the high, reached within two minutes.

The fourth reopen and the lower high

It reopened at 1:38 at $2.69. It dipped to $2.55 in that same minute, down 34% from $3.85, then pushed back up.

At 1:44 p.m. it pushed to $3.60, a lower high under the $3.85 top. From there it slid. At 2:01 it was down to $2.05, and at 2:01:50 it was halted a fifth time. An ask wall built at $2.05, up to 95,746 shares, about 4% of the float. It reopened at 2:06:50 at $2.04. At 2:06:52, 13,322 shares traded at exactly $2.05, and the wall was gone a second later.

The fade and the close

It bounced to $2.80 at 2:12 and $2.92 at 2:17, then drifted lower, and by 3:00 it was near $2.00. It closed at $1.63, 58% below the high.

In the regular session, 16.34 million shares traded: the float changed hands about 7 times, at 70 times its normal volume.

After hours

Just after the close, it slid to $1.41 by 4:04 p.m. At 4:05 p.m. Accesswire ran: “DataMEDS, AI. Acquires Helomics AI Cancer Diagnostics Lab and Precision Oncology CRO Businesses from Axe Compute”. The 4:05 minute went from $1.41 to $1.70.

After hours it was back to $1.40 at 4:16 p.m., then ran to $2.70 by 5:32 p.m., up 93%. About 5.51 million shares traded after hours.

What to take from it

• A halt can reopen higher than it stopped. The 1:10 p.m. halt stopped at $1.78 and reopened at $2.00. The 1:20 halt stopped at $2.40 and reopened at $2.67.
• Reopens and the high often filled worse than the screen showed. Six of seven 5,000-share test buys cost $76 to $233 more than the screen price; the 1:30:40 reopen filled right at it.
• After the top, the next push stopped lower. $3.85 at 1:32 p.m., then $3.60 at 1:44 p.m. The stock closed at $1.63, 58% below the high.