Recaps · September 25, 2026

IPDN, September 25: the $5.90 wall, one halt, and $6.29

• Small cap
• Momentum
• Main move: early afternoon
• Ask wall broken
• Halted once
• Lower high after the top
• Float traded about 4x

Float

413,227 shares

Volume

1.67 million shares

Previous close

$4.17

Open

$4.02 (up 3.6%)

High

$6.29 at 1:04 p.m.

Halts

1 (1:12 p.m.)

Close

$4.44

The day before

On September 24, IPDN traded between $3.40 and $5.27 and closed at $4.17. Our data has no news headline for September 25.

Pre-market and the open

The first trade on the 25th was $3.97 at 4:00 a.m., already below the $4.17 close. The pre-market high was $4.00, first reached at 4:00 a.m. (it touched $4.00 again at 8:20 and 9:29). It fell to $3.71 by 4:10 and then drifted around $3.85 to $3.95. 12,720 shares traded before the bell.

It opened at $4.02, down 4% from the previous close. The next minute it was at $3.94, the low since the open.

It climbed to $4.70 at 9:52 a.m., up 17% from the open. Then it slipped back. In the 9:58 minute, 15,713 shares traded, including one 10,194-share print at $4.29 on the bid. By 10:09 it was at $4.17.

Grinding up to $5

From $4.33 at 10:30 a.m. it worked higher in small steps: $4.78 at 10:50, $5.00 at 12:35, $5.11 at 12:42. A 13,977-share minute at 12:43 pushed it back to $4.79 by 12:44, but it recovered.

Then volume jumped. The 12:57 minute traded 45,632 shares. The 12:58 minute traded 113,633 and hit $6.09, up 41% from the $4.33 at 10:30. A minute later it was back down to $5.26.

The wall at $5.90

At 12:59 p.m. a lot of stock was offered at exactly $5.90. It peaked at 25,825 shares at 12:59:29, about 6% of the 413,227-share float. Another wall sat at $6.25. It peaked at 26,719 shares at 1:00 p.m.

Over the next few minutes the stock pushed up toward the first wall: the 1:00 minute opened at $5.44, 1:01 at $5.63, and 1:02 reached $5.90.

Here's what happened. At 1:03:20 the wall at $5.90 started to trade. In under a second, 24,124 shares traded at exactly $5.90 and the wall was gone. It wasn't pulled. Buyers ate it. In the same instant a 30,780-share buy order swept from $5.87 to $6.03 across 17 price levels.

The $6.25 wall was pulled at 1:03:45. At 1:04 p.m. IPDN hit $6.29, the high so far, up 51% from the previous close. The 1:04 minute traded 125,112 shares. By 1:06 it had traded as low as $5.65.

The drop, the halt, and the reopen

A new ask wall of up to 27,030 shares formed at $6.10 at 1:05 p.m. and stayed until 1:15. At 1:11:18 a 13,358-share sell order swept from $5.50 to $5.29 across 22 levels. The 1:11 minute went down to $5.12.

At 1:12 p.m. it was halted (a volatility pause) with the last trade at $4.97. It stayed halted for ten minutes.

It reopened at 1:22:29 p.m. at $4.90, with a 15,237-share print at that price. At 1:22:30 a bid wall of up to 24,603 shares appeared at $4.19.

It fell to $4.35 at 1:25 p.m., down 31% from $6.29.

Here's what happened. At 1:26:29 the $4.01 wall was pulled. One second later a 10,872-share trade printed at $4.75 at the ask, and a 22,046-share sell order swept from $4.75 to $4.70. The minute reached $4.77, a lower high under the $6.29 top. Then it started to slide.

The rest of the day

After the 1:26 push it faded: $4.06 at 1:30 and $4.05 at 1:31 p.m. After that it stayed mostly between about $4.05 and $4.67 for the rest of the afternoon, and traded at $4.44 in the last regular minute, 3:59 p.m. A 4:00 minute opened and closed at $4.50.

After hours it traded between $4.09 and $4.59. 58,593 shares traded after the close.

By the end of the regular session, 1.60 million shares had traded: the 413,227-share float changed hands about 4 times. Volume was 1.09 times normal.

What to take from it

• A big ask wall can be a level, not a ceiling. The $5.90 wall went in under a second. Only 267 shares were offered at the $5.94 screen price, and a 5,000-share buy paid $517 over the screen.
• After the top, the next push stopped lower. $6.29 at 1:04 p.m., then $4.77 at 1:26 p.m.
• Most of the run was gone by the end of the session. It traded at $4.44 at 3:59 p.m., 29% below the $6.29 high.