Hindsight Markets / Small-cap stocks on September 4, 2026

NIKI on September 4, 2026: why it ran

Published October 9, 2026 · By Hindsight Markets

On September 4, 2026, NIKI opened up 9.0% from the previous close of 6.56 and reached 9.68 at 10:24 a.m. ET. The exchange halted it once.

Previous close

6.56

Open, 9:30 a.m.

7.15

Gap at the open

up 9.0%

Pre-market high

8.77 at 8:33 a.m.

High, 4 a.m. to 4 p.m.

9.68 at 10:24 a.m.

Low, 4 a.m. to 4 p.m.

6.05

After-hours high, 4 p.m. to 8 p.m.

6.55 at 7:11 p.m.

Last trade before 4:00 p.m.

6.22

Volume

1.75 million

Relative volume

46.8x

Float

2.72 million shares, from filings as of September 4, 2026

Shares outstanding

2.94 million

Halts

1

Why it ran

News and SEC filings for NIKI published between the previous session's close and the first minute NIKI traded 20% above it, at 6:30 a.m. ET, newest first, from the same feeds the replay shows.

No news found before the move.

How it traded

Intraday run. It opened up 9.0% at 7.15, then ran from the open to the high of 9.68 in 54 minutes through a halt.

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: 112,109 shares before the 9:30 a.m. open (6%), 105,757 in the first 30 minutes (6%), and 1.53 million in the rest of the day to 8 p.m. (88%).
• The halt at 10:19 a.m.: up 13.7% in the 5 minutes into it, reopened at 9.34, up 3.1% from the last trade before it, then down 6.3% over the next 5 minutes.
• In our recaps, this is the only day NIKI met the small-cap rule.

Halts

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.