Recaps · September 16, 2026

DTSS, September 16: a 7:56 spike to $1.08 that was gone by 8:08

• Small cap
• Momentum
• Main move: pre-market
• Pre-market spike
• News: 9:28 a.m. headline
• Faded to the close
• After-hours run

Float

8.19 million shares

Volume

16.45 million shares

Previous close

$0.6593

Open

$0.6472 (up 1.8%)

High

$1.08 at 7:56 a.m.

Close

$0.6493

The day before

On September 15, DTSS barely traded. It had a range of $0.6391 to $0.69 on 2,470 shares for the whole day. The official close was $0.6593.

The float is 8.19 million shares.

Pre-market: the run starts

For most of the early morning there was almost nothing. The trades at 4:17, 4:50, 5:18, 7:46 and 7:47 a.m. were one share each, all around $0.69.

At 7:49 a.m. volume woke up: 2,325 shares and a high of $0.74. Then it built. 60,588 shares traded in the 7:54 minute. In the 7:55 minute, 237,604 shares traded and it ran from $0.74 to $0.85.

994,853 shares traded in the 7:56 minute, and the price hit $1.08, 64% above the previous close.

Pulling back from $1.08

It did not hold. In the 7:57 minute it ranged from $1.00 down to $0.84. At 7:57:50 a sell sweep of 37,772 shares went through 46 price levels, from $0.9432 to $0.89. The 7:58 minute closed at $0.8641 and the 7:59 minute at $0.84.

Here is what happened. The 8:01 minute fell from $0.7863 to a low of $0.5918, on 625,593 shares. A 16,917-share print at $0.7647 hit the ask at 8:01:09. After that, sell sweeps went through the book at 8:01:09 (23,000 shares), 8:01:16 (29,332), 8:01:18 (31,135) and 8:01:58 (31,753). By then the stock was under the $0.6593 previous close.

It kept sliding. The low of the day was $0.5265 at 8:08 a.m., about 51% below the high from twelve minutes earlier. 5.71 million shares traded before the bell, about 70% of the float.

The 9:28 headline and the open

At 9:28 a.m. PRNewsWire ran: “Datasea Expands into China's Trillion-RMB Silver Economy Through Strategic Cooperation in AI Elderly Care Robots”. Volume picked up that minute (36,873 shares, after minutes of a few hundred) and the stock reached $0.654 at 9:29.

The stock sagged through the morning.

At 9:38 a sell sweep of 23,912 shares went from $0.62 to $0.6138, and the minute low was $0.5922 on 62,999 shares. A 17,000-share print hit the bid at $0.5731 at 9:44:14. The low after the open was $0.5313 at 9:53, on 79,063 shares.

Midday bounce, afternoon fade

From about 11:42 it climbed. A 25,000-share print at $0.73 hit the ask at 11:50:44. The regular-session high came at $0.798 at 12:10 p.m., well under the pre-market high of $1.08.

After that it slid. It dipped to $0.6066 at 1:23 p.m. and $0.6178 at 1:46 p.m. and held a narrow range around $0.62 to $0.67 into the afternoon.

The Level 2 data shows an ask wall at $0.85 (peak 48,562 shares at 1:08 p.m.) and another at $0.83 (peak 53,192 shares at 3:57 p.m.). Each was about 0.6% to 0.7% of the float and sat well above the price when it appeared.

It closed the regular session at $0.65, 40% under the $1.08 high of the day. 2.0 million shares traded in the regular session, a quarter of the float.

After hours: a second spike

At 4:37 p.m. it was still near $0.65. The 4:38 minute went to $0.8897, the 4:39 minute traded 483,251 shares, and at 4:40 it hit $0.98. By 4:39, more shares had traded on the day than exist in the whole float (8.19 million).

It then gave back all of that spike, down to $0.6455 at 4:50, before running again. At 5:13 p.m. it reached $1.03, the after-hours high, 58% above the regular-session close, and then pulled back to $0.8704 a minute later.

After hours, 8.73 million shares traded. For the whole day, 16.45 million shares traded: the float changed hands about twice, and relative volume was about 2,300 times normal.

What to take from it

• A near-empty stock can spike on a few minutes of volume and give it all back just as fast. DTSS went from $0.69 to $1.08 in seven minutes, then fell to $0.5265 within the next 12.
• A catalyst headline is not a guarantee. The 9:28 news came after the pre-market spike was already over, and the stock opened under the previous close.
• Chasing a spike costs more than the screen says. At the $1.08 high, the order that showed $1.02 would have averaged $1.04, with only 652 shares offered at the screen price.