Recaps · September 28, 2026

CLRO, September 28: $7.30 at 4:24 a.m., two halts, and a $5.08 close

• Small cap
• Momentum
• Gap and fade
• Main move: pre-market
• Pre-market high of day
• Halted twice
• Bid pulled
• Float traded 6x

Float

2.45 million shares

Volume

14.21 million shares

Previous close

$3.45

Open

$5.80 (up 68.1%)

High

$7.30 at 4:24 a.m.

Halts

2 (9:37 a.m. and 1:25 p.m.)

Close

$5.08

The day before

On September 25, CLRO ran from $3.32 to $5.10. It gave almost all of it back and closed at $3.45.

After hours it was back up to $4.92.

Pre-market: the float traded by 4:22 a.m.

The first trades on the 28th were at $5.55, already well above the $3.45 close. It hit $6.50, then fell to $5.03 at 4:02 a.m. That is 23% down from $6.50. Three minutes later it was at $6.71 at 4:05 a.m., up 33% from that low.

By 4:22 a.m., more shares had traded than exist in the whole float (2.45 million). That is 22 minutes into the session. The high so far came two minutes later.

At 4:24 a.m. it reached $7.30, the high so far, 112% above the previous close. One buy order went through 13 price levels at 4:24:14, $7.03 to $7.15, 18,099 shares in all.

Then it slid. It was at $6.52 by 4:37 a.m. and $5.88 at 5:09 a.m., down 19% from the top. At 5:54 a.m. an ask wall appeared at exactly $7.00. It peaked at 38,278 shares at 6:44 a.m., about 1.6% of the float.

At 5:58 a.m. it pushed to $6.67, below the $7.30 top. The 7:00 a.m. minute fell from $5.94 to $5.46 on 157,713 shares, and by 7:14 it was at $5.19. After that it drifted between about $5.20 and $5.95 until the bell. 9.12 million shares traded before the open.

The open and the first halt

It opened at $5.80, up 68% from the previous close. A single 31,963-share trade at $5.84 printed at 9:30:01. It touched $6.00 at 9:31, the regular-session high so far, then slid. By 9:33 it was at $5.35. At 9:37:20 one sell order went through 11 price levels, $5.31 to $5.21.

At 9:37:46 it was halted (a volatility pause) with the last trade at $4.98.

It reopened at 9:42:46 at $4.83, 3% below where it stopped. The first print was 37,637 shares at $4.83. The minute ended at $5.13.

The bids at $4.50 and $4.70

At 9:48 a bid wall appeared at $4.00. It peaked at 61,746 shares at 9:49, about 2.5% of the float. At 9:51 another appeared at $4.50, peaking at 53,468 shares at 9:57:18. It was pulled at 9:57:32. About two minutes later the 9:59 minute dropped to $4.59 on 91,869 shares. One sell order went through eight levels, $4.67 to $4.60.

The stock then spent more than an hour between about $4.65 and $5.10. At 11:13 a bid wall appeared at exactly $4.70.

The bid had peaked at 102,120 shares at 11:20 a.m. At 11:30:06 it was pulled: the size left the book without trading there. The price at 11:30 was around $4.97.

Midday

At 11:59 a.m. buyers pushed again.

It then held near $4.90 to $5.00 for most of the next hour. A bid of 37,627 shares sat at $4.80 from 1:06 p.m. and was pulled at 1:10.

At 1:24:53 a sell order went through 18 price levels, $4.60 to $4.43. The 1:25 minute hit $4.23, the low of the day. At 1:25:31 it was halted (a volatility pause) with the last trade at $4.23. One second later the $4.00 bid wall was pulled.

It reopened at 1:30 p.m. at $4.29. The first print was 12,862 shares at $4.29.

The close

It crept up through the afternoon. At 3:41 p.m. a buy order went through eight levels, $4.93 to $5.00. It touched $5.40 at 3:46 and closed at $5.08.

That is 30% under the $7.30 high of the day. The high came before the bell, at 4:24 a.m., 26% above where it opened.

The regular session traded 4.72 million shares. With the 9.12 million pre-market and 363,457 after hours, the full day was 14.2 million: the float changed hands about 6 times, at 328 times its normal volume (normal volume is tiny: about 43,000 shares a day).

What to take from it

• The biggest move came before the open. The high was $7.30 at 4:24 a.m. The open was $5.80, 21% lower, and the regular session did not get above $6.00.
• A halt can reopen lower than it stopped, and the book is thin when it does. The 9:37 halt stopped at $4.98 and reopened at $4.83. A 5,000-share buy one second later averaged $146 over the screen.
• A big bid is not a floor. 102,120 shares sat at $4.70 and were pulled at 11:30:06 without trading there. The wall was in the book from 11:13 to 11:30.