Recaps · October 2, 2026

ZNB, October 2: a 5-minute halt, $1.94, and the wall at $1.47

• Small cap
• Momentum
• Main move: late morning
• No news in the data
• Halted once
• Lower high
• Ask wall

Float

4.67 million shares

Volume

12.86 million shares

Previous close

$1.16

Open

$1.09 (up 6.0%)

High

$1.94 at 11:51 a.m.

Halts

1 (11:46 a.m.)

Close

$1.51

Quiet until late morning

The official previous close was $1.16. On October 1 the stock traded just 17,585 shares.

Pre-market was thin. The first trade was $1.14 at 4:07 a.m. The pre-market high was $1.18 at 8:50 a.m. 5,321 shares traded before the bell.

It opened at $1.09, down 6% from the previous close. Then it did very little. Many minutes had no trades at all. The last bar before the run, at 11:17, was $1.12. There was no news in the data.

11:37: the run starts

At 11:37 a.m. it cleared the pre-market high of $1.18 and hit $1.23. Volume came with it. By 11:40 a single minute traded 144,619 shares, and the high was $1.47. Before 11:37, no minute had traded more than 1,785 shares.

It kept stepping up. It reached $1.58 at 11:43 and $1.74 at 11:45. At 11:46 a.m. it was halted (a volatility pause) with the last trade at $1.85. That is about 65% above where it sat at 11:17.

The halt and the reopen

Just before the halt, the book filled in. About 107,000 shares (2.3% of the float) were bid at $1.85 at 11:46:23. About 50,000 shares were offered at $2.04. The $2.04 offer was gone by 11:51:11.

Here's what happened. It reopened at 11:51:28 at $1.85. One print of 113,044 shares went through at $1.85 in that same second. The 11:51 minute made the high of the day, $1.94, and it was already at $1.59 by the end of that minute. The 11:52 minute touched $1.52.

A lower high at $1.89

It came back once more. At 11:53 a.m. it pushed to $1.89, under the $1.94 top. At 11:57 it touched $1.87, and it did not get back above $1.89.

Sellers lined up above it. An offer appeared at $1.90 at 11:56. Another at $1.85 grew to 63,298 shares by 12:01. By 11:57 a.m., more shares had traded than exist in the whole float (4.67 million).

At 12:04 it broke down. The 12:04 minute fell from $1.71 to $1.48 on 433,749 shares, with two sell sweeps in two seconds. By 12:13 it was at $1.33, and by 12:26 at $1.25. It slid on to $1.19 at 1:08 p.m.

The wall at $1.47

From 12:27 p.m. on, the book showed a large offer at exactly $1.47. It peaked at 48,129 shares at 1:02 p.m., about 1% of the float. For about two and a half hours the stock stayed under it.

Here's what happened. At 2:58:58 the first trade printed at $1.47. In 8.7 seconds, 32,904 shares traded at exactly $1.47 and the wall was gone. It wasn't pulled. Buyers ate it.

The 2:59 minute traded 104,055 shares and touched $1.53. It reached $1.54 at 3:02. At 3:31 it ran again, and an offer of about 52,000 shares showed up at $1.99. The push topped at $1.71 at 3:32, well short of the morning high.

The close and after hours

The last regular-session bar, 3:59 p.m., closed just over $1.51, about 22% under the $1.94 high. After hours it slid to $1.22 by 6:30 p.m. and bounced to $1.34 at 7:43 p.m.

By the close, 12.20 million shares had traded: the float changed hands about 2.6 times, at about 857 times its normal volume. After hours added 657,166 more.

What to take from it

• This halt reopen was thin. The screen showed $1.79 with 171 shares, and a 5,000-share buy averaged $1.84. The price you see is not the price you get.
• The next push stopped lower. $1.94 at 11:51, then $1.89 at 11:53, with offers stacking above. After that the stock fell to $1.25 by 12:26.
• A wall can hold for hours and still break fast. The $1.47 offer lasted from 12:27 to 2:59 p.m., then 32,904 shares traded through it in 8.7 seconds.