Recaps · September 15, 2026

NWGL, September 15: a slow grind, two halts, and $1.98

• Small cap
• Momentum
• Main move: the afternoon
• No news in the data
• Walls pulled
• Halted twice
• Reopened lower

Float

10.30 million shares

Volume

4.12 million shares

Previous close

$1.21

Open

$1.23 (up 1.7%)

High

$1.98 at 2:29 p.m.

Halts

2 (2:29 p.m. and 2:35 p.m.)

Close

$1.78

Pre-market and the open: almost nothing

The previous close was $1.21. The first trade on the 15th was $1.24 at 4:00 a.m. Our data shows no news headline for the day.

Pre-market was thin. 811 shares traded before the bell, against a float of 10.3 million. The pre-market high was $1.27 at 9:25 a.m., and that minute traded one share.

It opened at $1.23, up 2% from the previous close.

A dip to $1.10, then the first push

The stock slid after the open. It was $1.16 by 9:38 and hit $1.10 at 9:45, the low so far, 9% under the previous close. The next two minutes were busier, with 7,417 shares at 9:46 and 11,018 at 9:47.

Then it turned. The 9:55 minute ran from $1.14 to $1.23 on 24,976 shares. At 9:55:13 one buy order took 18,205 shares from $1.16 to $1.20 across three price levels. It reached $1.31 at 10:00.

Two walls above, both pulled

At 9:57:20 there was an ask wall at $1.45, with 51,580 shares for sale. At 10:19:16 a second one showed up at $1.50. It peaked at 52,754 shares at 10:25:02. Each was about 0.5% of the float.

The stock did not reach either one. Its high while they sat there was $1.39, at 10:19. At 10:35:37 the $1.45 wall was pulled, and at 10:35:58 the $1.50 wall was pulled. The size left the book without trading there. The price stayed around $1.36 afterward.

Midday: a flat tape, then $1.45

From 11:24 to 12:52 it held between $1.39 and $1.43. Many minutes had no trades at all.

At 1:02 p.m. it traded at $1.45 for the first time, on 11,909 shares. The next minute added 22,662 shares, and it reached $1.52 at 1:05. From then until 2:10 it ranged between $1.46 and $1.56.

At 1:58 p.m. a bid wall appeared at $1.41, below the market. It peaked at 60,670 shares at 2:15 p.m., about 0.6% of the float, while the stock traded around $1.50. At 2:11 the stock dropped from $1.56 to $1.49 in one minute on 31,596 shares.

The 2:20s climb

At 2:23 it moved up from $1.51 to $1.57 on 16,332 shares. It kept climbing to $1.62 by the end of the 2:27 minute.

Here's what happened. The 2:28 minute went to $1.71 on 64,308 shares. The 2:29 minute went from $1.73 to $1.98, the regular-session high so far, on 214,195 shares. That is up 64% from the previous close.

At 2:29:40 p.m. it was halted (a volatility pause) with the last trade at $1.98.

The reopen

During the five-minute halt an ask wall showed up at $2.05. It was first seen at 2:33:08 and peaked at 91,347 shares at 2:34:12, about 0.9% of the float. Trading resumed at 2:34:40 with a single 71,391-share print at $1.95. Two seconds later, at 2:34:42, the $2.05 wall was pulled. The stock had not traded at $2.05 when the wall was pulled.

At 2:34:49 a sell order took 18,719 shares from $1.96 down to $1.77 across 17 price levels in 50 milliseconds. The 2:34 minute low was $1.74 and it closed the minute at $1.82.

Here's what happened. At 2:35:00 another sell order took 10,618 shares from $1.80 to $1.78. At 2:35:22 p.m. it was halted again (a volatility pause) with the last trade at $1.56, 26 cents under where the minute began.

It reopened at 2:40:22 p.m. at $1.41, 10% below where it stopped, with a single 30,215-share print. That is 29% under the $1.98 high, and 11 minutes after the high. Within the minute it was back to $1.56. At 2:40:43 a buy order took 10,789 shares from $1.54 to $1.61 across eight levels.

A lower high, the bid pulled, and the close

It came back once more. At 2:53 p.m. it pushed to $1.81, a lower high under the $1.98 top, on 189,961 shares in that minute. It closed the minute at $1.63. At 3:00 it was down to $1.56.

Then it climbed again, in smaller steps, to $1.78 by 3:32 and back to $1.69 by 3:42. At 3:42:40 p.m. the bid wall at $1.41 was pulled. It had been listed since 1:58, and the stock's only low at $1.41 in that time came on the 2:40:22 reopen print.

It closed the regular session at $1.78, up 47% on the day. The 3:58 minute had touched just under $1.80, the high of the late push.

3.13 million shares traded from the open to the close, about three tenths of the float.

After hours: $2.38, then $1.32

It drifted between roughly $1.70 and $1.86 for the first half hour after the bell. Then it jumped. At 4:32 p.m. it went from $1.85 to $2.13. At 4:34 p.m. it hit $2.38, the high of the whole day, with 319,083 shares in that one minute.

It didn't hold. The next minutes were just as fast. It was $1.51 at the end of the 4:36 minute, and hit $1.32 at 4:59 p.m., down 45% from the high. 992,049 shares traded after hours. The last trade in our data, at 7:55 p.m., was $1.52.

What to take from it

• Halt reopens are thin. Right after the 2:34 reopen the screen showed $1.81 with 365 shares, and a 5,000-share market buy would have averaged $1.87.
• A halt can reopen lower than it stopped. The 2:35 halt stopped at $1.56 and reopened at $1.41. The first halt's reopen, at $1.95, was below the $1.98 top it stopped at.
• Walls on the book can disappear without trading. The stock did not trade at $1.45 or $1.50 while those asks sat there, and it did not trade at $2.05 before that ask was pulled.