Hindsight Markets / Small-cap stocks on September 9, 2026

MGN on September 9, 2026: why it ran

Published October 11, 2026 · By Hindsight Markets

On September 9, 2026, MGN opened up 244.5% from the previous close of 0.1004 and reached 1.54 at 9:03 a.m. ET. The exchange halted it 4 times.

Previous close

0.1004

Open, 9:30 a.m.

0.3459

Gap at the open

up 244.5%

Pre-market high

1.54 at 9:03 a.m.

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

1.54 at 9:03 a.m.

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

0.1019

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

0.3939 at 4:09 p.m.

Last trade before 4:00 p.m.

0.2749

Volume

117.41 million

Relative volume

16.9x

Float

26.16 million shares, from filings as of September 9, 2026

Shares outstanding

37.00 million

Halts

4

Why it ran

News and SEC filings for MGN published between the previous session's close and the first minute MGN traded 20% above it, at 9:01 a.m. ET, newest first, from the same feeds the replay shows.

1. September 8, 2026, 4:50 p.m. ET · GlobeNewsWire

   INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Megan Holdings Limited of Class Action Lawsuit and Upcoming Deadlines – MGN

2. September 8, 2026, 11:15 a.m. ET · Business Wire

   CLASS ACTION DEADLINE TONIGHT: Faruqi & Faruqi, LLP Reminds Megan Holdings Limited (NASDAQ: MGN) Investors of Securities Class Action Lawsuit Deadline on September 8, 2026

News via Stock News API

How it traded

Gap, run and fade. It gapped up 244.5% to 0.3459 at the open, ran from the open to the high of 0.8400 in 19 minutes through two halts, then gave back 114% of that move by 4:00 p.m., trading at 0.2749.

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

• From news to the move: the first trade 20% above the previous close came 16 hours 11 minutes after the latest news item before it (GlobeNewsWire, Sep 8, 4:50 p.m.).
• Volume, from the one-minute bars: 17.26 million shares before the 9:30 a.m. open (15%), 14.88 million in the first 30 minutes (13%), and 85.27 million in the rest of the day to 8 p.m. (73%).
• Float rotation, the volume since 4 a.m. against the float of 26.16 million shares: past it once at 9:43 a.m., twice at 10:47 a.m., three times at 12:55 p.m.
• The halt at 3:04 a.m.: then up 498.2% over the next 5 minutes.
• The halt at 9:38 a.m.: up 39.8% in the 5 minutes into it, reopened at 0.6800, down 4.2% from the last trade before it, then up 22.1% over the next 5 minutes.
• The halt at 9:44 a.m.: up 16.9% in the 5 minutes into it, reopened at 0.8051, down 3.0% from the last trade before it.
• The halt at 9:49 a.m.: down 20.5% in the 5 minutes into it, reopened at 0.6001, down 9.1% from the last trade before it, then up 7.0% over the next 5 minutes.
• Other days MGN met the small-cap rule in our recaps: 1, the latest on September 18, 2026.

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.