Recaps · October 8, 2026

JZ, October 8: a halt, a $0.68 bid wall, and $1.17

• Small cap
• Momentum
• Main move: midday
• News: 10:37 a.m.
• Halted once
• Bid wall broke
• Ask wall at $1.00
• Float traded 5x

Float

14.38 million shares

Volume

79.35 million shares

Previous close

$0.4698

Open

$0.5812 (up 23.7%)

High

$1.17 at 12:14 p.m.

Halts

1 (9:50 a.m.)

Close

$0.8408

Pre-market: quiet, then $0.64

The official previous close was $0.47. Before 9 a.m. JZ barely traded. No minute had more than 203 shares.

That changed at 9:02 a.m. At 9:05 it traded through $0.50 for the first time. At 9:13 it reached the pre-market high, $0.64, on 259,068 shares in that one minute. 2.66 million shares traded before the bell.

The open and the halt

It opened at $0.58, up 24% from the previous close. The first minute cleared the pre-market high. The next minute reached $0.80, and 1.05 million shares traded in that minute.

It dipped to $0.66 at 9:32. It then ran from $0.63 at 9:33 to $0.88 at 9:36, and fell to $0.68 at 9:38. By 9:47 more shares had traded than exist in the whole float (14.38 million).

At 9:49 it reached $0.91 on 1.5 million shares. Then it dropped. At 9:50:59 it was halted (a volatility pause), after the 9:50 candle had fallen to $0.66. It reopened at 9:55:59 at $0.69. That was 4% above the last print before the halt.

The bid at $0.68

The order book during the halt showed something the candles don't.

Orders went onto the book during the halt. From 9:51:42, there was a bid at exactly $0.68. The bid grew to a peak of 110,951 shares at 9:56:05, across all exchanges. That is 0.8% of the float.

The reopen came at 9:55:59 with a single print of 175,439 shares at about $0.69. In the next 7.1 seconds, 96,511 shares traded at exactly $0.68 and the bid was gone by 9:56:07. It wasn't pulled. Sellers hit it. One sell order went through 89 price levels, from $0.68 down to $0.63.

The 9:56 candle low was $0.63. The following minutes were choppy. It drifted from $0.73 at 10:04 down to $0.58 at 10:34.

The headline and the wall at $1.00

At 10:37 PRNewsWire ran: “Jianzhi Education Announces Share Repurchase Program”. The 10:37 candle went from $0.61 to a high of $0.74 on 825,712 shares. From $0.59 at 10:36 it ran to $0.85 at 10:39, up 44%.

It traded between $0.66 and $0.85 over the next 20 minutes, and was back at $0.66 by 11:12. At 10:43 an ask wall appeared at exactly $1.00. From $0.69 at 11:17 the stock climbed to $0.98 at 11:29, up 42%, on 1.2 million shares in that minute.

Here's what happened. At 11:39:11 a buy order swept 118,637 shares from $0.99 up to $1.00, and 91,908 shares traded at exactly $1.00. The wall had peaked at 114,134 shares (0.8% of the float) a few seconds earlier. By 11:39:12 it was eaten. It wasn't pulled. Buyers took it. The minute's high was $1.05.

At 11:39:45 a sell order of 135,446 shares hit $1.02 down to $1.00. The stock was at $0.98 at the end of the 11:40 minute.

After the $1.00 wall

It spent the next 20 minutes between $0.85 and $1.01. At 12:00 it ran again, to $1.00 at 12:00 and $1.05 at 12:01. At 12:05 it reached $1.10, then pulled back to $0.94 by 12:09.

Here's what happened. At 12:12:05 a single buy order took 207,129 shares from $1.05 to $1.10 through six price levels. A minute later another bought 106,928 shares from $1.10 to $1.13. From $0.95 at 12:10 it ran to $1.17, the high of the day, in the 12:14 minute.

The reversal was quick. Within three minutes, by 12:17, it was back at $1.04.

The rest of the day

At 12:27 an ask wall of 148,506 shares showed up at $1.03. It was pulled at 12:34:14, and the 12:33 candle had already fallen to $0.88. Another ask wall formed at $1.15 at 12:40, and it peaked at 114,366 shares at 12:48.

From 12:28 to the close it stayed under $1.00. At 2:09 p.m. it pushed to $0.999, a lower high under the $1.17 top. A 143,407-share ask wall at $1.00 had started building at 1:50 p.m. and peaked at 2:11.

At 3:44 p.m. it dropped to $0.79. Within three minutes it was back at $0.99. It closed the regular session at $0.84.

By the close, 73.73 million shares had traded in the regular session: the float changed hands about 5 times. Counting pre-market and after hours, 79.35 million shares traded, at about 76 times its normal volume.

After hours it traded between $0.71 and $0.94, with the high at 4:17 p.m. 2.96 million shares traded in that session.

What to take from it

• After the top, the next push stopped lower. $1.17 at 12:14 p.m., then $0.999 at 2:09 p.m., just under a big ask wall sitting at $1.00.
• A halt can reopen higher than it stopped. The 9:50 halt stopped near $0.66 and reopened at $0.69. The bid wall that formed during the halt then broke within seconds of the reopen.
• A wall breaking doesn't mean the book above is thin. After the $1.00 wall broke and at the $1.17 top, 5,000-share market buys filled at the screen price.