Hindsight Markets Small-cap stocks on September 1, 2026
PW on September 1, 2026: why it ran
On September 1, 2026, PW opened down 10.8% from the previous close of 7.79 and reached 10.93 at 4:21 a.m. ET. The exchange did not halt it.
- Previous close
- 7.79
- Open, 9:30 a.m.
- 6.95
- Gap at the open
- down 10.8%
- Pre-market high
- 10.93 at 4:21 a.m.
- High, 4 a.m. to 4 p.m.
- 10.93 at 4:21 a.m.
- Low, 4 a.m. to 4 p.m.
- 6.48
- After-hours high, 4 p.m. to 8 p.m.
- 7.98 at 5:24 p.m.
- Last trade before 4:00 p.m.
- 7.21
- Volume
- 250,996
- Relative volume
- 36.6x
- Float
- 278,243 shares, from filings as of September 1, 2026
- Shares outstanding
- 367,120
- Halts
- none in the halt feed
Why it ran
News and SEC filings for PW published between the previous session's close and the first minute PW traded 20% above it, at 4:20 a.m. ET, newest first, from the same feeds the replay shows.
No news found before the move.
How it traded
| Time (ET) | What happened |
|---|---|
| 4:20 a.m. | First trade 20% above the previous close of 7.79 |
| 4:21 a.m. | Pre-market high, 10.93 |
| 4:21 a.m. | High of the day to the close, 10.93 |
| 9:30 a.m. | The open: 6.95, down 10.8% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 7.21, 34.0% below the high |
The shape is a fixed rule, not a judgement: gapped 10% or more at the open, ran 10% or more from the open to the high, and faded if it gave back 30% or more of that move by the close.
The day in numbers
- Volume, from the one-minute bars: 213,635 shares before the 9:30 a.m. open (85%), 8,522 in the first 30 minutes (3%), and 28,839 in the rest of the day to 8 p.m. (11%).
- In our recaps, this is the only day PW met the small-cap rule.
Halts
The exchange's halt feed shows no halts for PW that day.
On this date the LULD plan ran under Amendment 18, in force from February 24, 2020: no band doubling at the open, and the closing doubling only for Tier 1 stocks and Tier 2 stocks whose previous close was at or below three dollars. See LULD halts or work out a band with the LULD calculator.
Trade this day
Replay PW on September 1, 2026 in Hindsight Markets: the real tape, the order book and the halts, on a clock you control, and see where your orders would have filled.