Recaps · September 25, 2026

CNET, September 25: two halts, a $2.87 top, and walls that were pulled

• Small cap
• Momentum
• Main move: the open
• Halted twice
• Higher reopen
• Lower high
• Float traded 3x

Float

3.21 million shares

Volume

10.50 million shares

Previous close

$1.43

Open

$1.84 (up 28.7%)

High

$2.87 at 9:46 a.m.

Halts

2 (9:36 a.m. and 9:47 a.m.)

Close

$1.77

Before the bell: five minutes

The previous close was $1.43. On September 24 the stock traded just 648 shares. Today's first trades came at 9:25 a.m., around $1.44.

By 9:29 a.m. it had run to the pre-market high, $2.57. The stock went through $2.00 for the first time in that same minute. All 33,022 pre-market shares traded in the five minutes from 9:25 a.m. to the bell, and 27,894 of them came in the 9:29 minute.

Our data has no news headline for the day.

The open and the first halt

It opened at $1.84, up 29% from the previous close. The first big trade was 19,020 shares at $1.84 at 9:30:01.

The first minute was a swing. It dropped to $1.65, down 36% from the pre-market high. At 9:31 a.m. it was back up to $2.30, up 39% from that low. Then it fell to $1.72 at 9:33 a.m., down 25% from $2.30.

It then climbed again. The 9:35 candle traded 306,193 shares and closed at $2.36. At 9:36:25 a.m. it was halted (a volatility pause) with the last trade at $2.48.

The $2.75 reopen and the second halt

It reopened at 9:46:25 a.m., ten minutes later, at $2.75, 11% above where it stopped. The reopening print was 126,013 shares.

The high so far, $2.87, came in that same minute. Then the sellers took over. At 9:46:29 one sell order swept 67,486 shares from $2.72 down to $2.55 across 18 price levels. That minute traded 894,763 shares and closed at $2.20, down from $2.87.

After the reopen, an offer for stock at exactly $2.20 built up on the book, first seen at 9:46:57. It peaked at 164,344 shares at 9:47:10, about 5% of the float. At 9:47:10 the stock was halted again (a volatility pause), with the last trade at $2.20. The offer left the book at 9:49:00, while trading was still halted.

It reopened at 9:52:10 at $2.16, on a 59,151-share print. The first minute fell to $1.91, down 33% from the $2.87 top.

After the second reopen

The next two minutes went up. The 9:53 candle closed at $2.31 and the 9:54 candle at $2.53. By the end of the 9:54 minute, 3.16 million shares had traded, just under the float (3.21 million).

At 9:55 a.m. it pushed to $2.70, a lower high under $2.87. The offer at $2.70 was first seen at 9:54:47. It grew to a peak of 58,179 shares at 9:57:15, about 2% of the float.

It touched $2.70 again at 9:56, then sellers hit it. At 9:56:12 one sell order swept 24,178 shares from $2.63 to $2.57. At 9:56:25 another took 24,982 shares from $2.64 to $2.55. At 9:58 two more sweeps took 26,274 shares from $2.55 to $2.44 and 21,964 shares from $2.49 to $2.41. It did not trade above $2.70 for the rest of the day.

The slide, and bids that came and went

From $2.70 it slid through the morning. At 10:13:22 a sell order swept 23,250 shares from $2.01 to $1.98. By 10:26 the low was $1.70.

During that slide, large bids came and went. A bid at $1.77 was first seen at 10:13:38 and peaked at 81,743 shares at 10:17:25, about 2.5% of the float. At 10:21:33 a sell order swept 26,833 shares from $1.84 to $1.78. In the seconds from 10:22:51 to 10:22:55 only 1,647 shares traded at exactly $1.77. The bid was pulled at 10:22:56.

A second bid sat lower. From 10:50 a.m. on, someone was bidding for a lot of stock at exactly $1.70. It peaked at 53,613 shares at 11:10 a.m., about 2% of the float. The stock stayed above it and never touched $1.70 in that window. At 11:20:42 a.m. it was pulled: the size left the book without trading there.

At 12:07 p.m. the stock fell from $1.76 to $1.64, through the $1.70 level. The low after the open was $1.53 at 12:16 p.m. For the rest of the regular session it stayed between $1.53 and $1.80.

The close and after hours

It closed at $1.77, 38% under the $2.87 high of the day. For the whole session to the close, 9.69 million shares traded: the float changed hands about 3 times, at over 5,000 times its normal volume. The day before, it traded 648 shares.

After hours it hit a low of $1.70 at 4:25 p.m. and reached $2.38 by 6:24 p.m., up 40% from that low. By 7:59 p.m. it was back at $1.92. 775,496 shares traded after hours.

What to take from it

• A halt can reopen higher than it stopped. The 9:36 a.m. halt stopped at $2.48 and reopened at $2.75. The high of $2.87 came in the same minute, and the minute closed at $2.20.
• A big bid or offer is not a promise. The $2.20 offer left the book during the halt. The $1.77 bid was pulled at 10:22:56. The $1.70 bid was pulled at 11:20:42, and the stock fell through $1.70 at 12:07.
• After the top, the next push stopped lower. $2.87 at 9:46 a.m., then $2.70 at 9:55 a.m. It closed at $1.77, 38% under the high.