Hindsight Markets Small-cap stocks on September 4, 2026
IPEX on September 4, 2026: why it ran
On September 4, 2026, IPEX opened up 1.2% from the previous close of 10.95 and reached 13.40 at 4:02 a.m. ET. The exchange halted it 3 times.
- Previous close
- 10.95
- Open, 9:30 a.m.
- 11.08
- Gap at the open
- up 1.2%
- Pre-market high
- 13.40 at 4:02 a.m.
- High, 4 a.m. to 4 p.m.
- 13.40 at 4:02 a.m.
- Low, 4 a.m. to 4 p.m.
- 5.91
- After-hours high, 4 p.m. to 8 p.m.
- 14.00 at 5:05 p.m.
- Last trade before 4:00 p.m.
- 7.70
- Volume
- 178,202
- Relative volume
- 26.0x
- Float
- 1.42 million shares, from filings as of September 4, 2026
- Shares outstanding
- 4.43 million
Why it ran
News and SEC filings for IPEX published between the previous session's close and the first minute IPEX traded 20% above it, at 4:02 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 |
|---|---|
| 4:02 a.m. | First trade 20% above the previous close of 10.95 |
| 4:02 a.m. | Pre-market high, 13.40 |
| 4:02 a.m. | High of the day to the close, 13.40 |
| 9:30 a.m. | The open: 11.08, up 1.2% from the previous close |
| 11:50 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 12:00 p.m. |
| 12:28 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 12:33 p.m. |
| 12:35 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 12:45 p.m. |
| 3:58 p.m. | Last trade before the 4:00 p.m. close, 7.70, 42.5% 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: 1,051 shares before the 9:30 a.m. open (1%), 167 in the first 30 minutes (0%), and 176,984 in the rest of the day to 8 p.m. (99%).
- The halt at 11:50 a.m.: down 10.4% in the 5 minutes into it, reopened at 8.10, down 8.3% from the last trade before it, then down 13.7% over the next 5 minutes.
- The halt at 12:28 p.m.: down 11.7% in the 5 minutes into it, reopened at 6.00, down 2.9% from the last trade before it, then up 8.3% over the next 5 minutes.
- The halt at 12:35 p.m.: up 5.2% in the 5 minutes into it, reopened at 7.45, up 14.6% from the last trade before it, then down 4.2% over the next 5 minutes.
- In our recaps, this is the only day IPEX met the small-cap rule.
Halts
| Halted | Resumed | Length | Reason in the feed |
|---|---|---|---|
| 11:50 a.m. | 12:00 p.m. | 10 min 0 s | LULD pause (limit up-limit down) |
| 12:28 p.m. | 12:33 p.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 12:35 p.m. | 12:45 p.m. | 10 min 0 s | LULD pause (limit up-limit down) |
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 IPEX on September 4, 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.