Recaps · September 16, 2026

DLXY, September 16: an 8:00 headline, 31 halts, and $4.45

• Small cap
• Momentum
• Gap, run and fade
• Catalyst: news
• Halted 31 times
• Float traded 14x
• Ask wall pulled

Float

7.17 million shares

Volume

117.15 million shares

Previous close

$0.4150

Open

$1.01 (up 143.4%)

High

$4.45 at 12:40 p.m.

Halts

31 (9:36 a.m. and 10:28 a.m. and 11:01 a.m. and 11:07 a.m. and 11:13 a.m. and 11:20 a.m. and 11:25 a.m. and 11:31 a.m. and 11:41 a.m. and 12:21 p.m. and 12:41 p.m. and 1:21 p.m. and 1:31 p.m. and 1:42 p.m. and 1:52 p.m. and 2:03 p.m. and 2:08 p.m. and 2:14 p.m. and 2:20 p.m. and 2:26 p.m. and 2:31 p.m. and 2:37 p.m. and 2:47 p.m. and 2:52 p.m. and 2:58 p.m. and 3:05 p.m. and 3:11 p.m. and 3:17 p.m. and 3:22 p.m. and 3:27 p.m. and 3:42 p.m.)

Close

$2.03

Pre-market: the float traded by 8:06 a.m.

On September 15, DLXY closed at $0.415 on 13,849 shares. That's a very quiet stock. The first trade on the 16th was one share at $0.4065 at 4:08 a.m. Then nothing traded until 8:00.

At 8:00 a.m. GlobeNewsWire ran: “Delixy Holdings Limited Signs Non-Binding Letter of Intent for Strategic Transaction Involving Up to 48% Interest in East Kazakhstan Sarybulak Oil Field”. The 8:00 minute opened at $0.4979. By 8:02 it had touched $1.11.

By 8:06 a.m., more shares had traded than exist in the whole float (7.17 million). In those same minutes the price was already falling. It dropped to $0.53 at 8:07, down 52% from $1.11.

Then it climbed again. The pre-market high was $1.31 at 8:36 a.m. By 8:47 it was back at $0.83. 53.15 million shares traded before the bell.

The open and the first halt

It opened at $1.01, up 143% from the previous close. It slid from there. At 9:36 a 221,310-share sell order swept through 86 price levels, from $0.8901 to $0.8564. At 9:36:34 the stock was halted (a volatility pause). It reopened at 9:41 near $0.78.

The low since the open came at $0.65 at 9:56 a.m., down 50% from the $1.31 pre-market high. It then traded between about $0.65 and $0.75 for about half an hour.

The stair-step halts, $0.87 to $2.15

At 10:27 it woke up. Volume jumped to 853,567 shares in the 10:27 minute, and the price went from $0.73 to $0.92 by 10:28. At 10:28:43 it was halted. It reopened at 10:33 at $0.87, with a 240,222-share print at that price.

It gave that back, to $0.70 at 10:38. Then the halts came in a run. It was halted 7 times between 10:28 and 11:31 a.m. The last three reopens were each higher: $1.39 at 11:25, $1.59 at 11:30, and $2.00 at 11:41. Each reopen came with a single large print: 243,784, 328,943 and 368,715 shares.

At 11:31 a bid wall of 340,696 shares showed up at $1.74. It was pulled at 11:42.

Two quick halts

At 11:41:32 it was halted again, with the last trade at $2.15. The halt lasted 40 minutes. It reopened at 12:21 p.m. at $3.50, 63% above where it stopped.

Fifteen seconds later it was halted again, with the last trade at $3.65. A bid wall that peaked at 578,086 shares sat at $3.65. It was pulled at 12:22:54.

Here's what happened. The halt ended at 12:40:45 with a 572,700-share print at $4.30, 18% above where it stopped. The high was $4.45, in the 12:40 minute. Within about 12 seconds an ask wall appeared at $4.15, below the price where trading had resumed. It peaked at 484,095 shares (6.8% of the float) at 12:41:08.

The halt and the wall at $3.50

At 12:41 p.m. it was halted with the last trade at $4.15. It stayed halted for 40 minutes. The $4.15 wall was pulled at 12:43, while the stock was halted.

From 1:11 p.m., a large ask wall sat at exactly $3.50, which was the price of the 12:21 reopen. It peaked at 543,533 shares at 1:16, about 8% of the float. The stock wasn't trading, so no one could see a price move while it grew.

Here's what happened. It reopened at 1:21:12 at $2.40, 42% below where it stopped. A 386,158-share print came at that price. At 1:24:36 the wall at $3.50 was pulled. The stock never traded above $2.76 for the rest of the day.

The drop to $1.07, and a lower high

It was halted 5 times between 1:31 and 2:08 p.m. The reopens at 1:31, 1:41, 1:52, 2:02 and 2:08 were at $2.00, $1.50, $1.22, $1.56 and $1.39. At 1:41 a 172,284-share buy swept up from $1.35 to $1.50 across 13 levels. It didn't stop the slide.

The afternoon low was $1.07 at 2:13 p.m., down 76% from $4.45. Then it bounced, with 4 more halts between 2:14 and 2:31 p.m. At 2:36 p.m. it pushed to $2.22, a lower high under the $4.45 top.

At 2:37 p.m. it was halted with the last trade at $2.05. It reopened at 2:47 at $1.81, 12% below where it stopped.

The close and after hours

It was halted 6 times between 2:47 and 3:17 p.m. The low was $1.29 at 3:22 p.m., down 42% from $2.22. A bounce at 3:41 took it to $2.03. It was halted at 3:42:14 and didn't reopen until 4:00. It closed the regular session at $2.03, up 389%.

For the regular session plus pre-market, 103.25 million shares traded: the float changed hands about 14 times. Relative volume for the full day was about 667, with 31 halts.

At 4:00 p.m. it opened at $2.04 and touched $2.76 in the first minute. By 5:04 p.m. it had dropped to $1.25, down 55% from $2.76. Another 13.9 million shares traded after hours.

What to take from it

• A halt can reopen far from where it stopped, in either direction. The 11:41 halt stopped at $2.15 and reopened at $3.50. The 12:41 halt stopped at $4.15 and reopened at $2.40.
• A big ask wall can sit on the book without ever being tested. The 543,533 shares at $3.50 were pulled at 1:24 p.m., and the stock never traded above $2.76 again.
• After the top, the next push stopped lower. $4.45 at 12:40 p.m., then $2.22 at 2:36 p.m.