Hindsight Markets Small-cap stocks on September 11, 2026
BDRX on September 11, 2026: why it ran
On September 11, 2026, BDRX opened up 32.1% from the previous close of 0.6676 and reached 1.54 at 1:22 p.m. ET. The exchange halted it once.
- Previous close
- 0.6676
- Open, 9:30 a.m.
- 0.8817
- Gap at the open
- up 32.1%
- Pre-market high
- 1.15 at 4:02 a.m.
- High, 4 a.m. to 4 p.m.
- 1.54 at 1:22 p.m.
- Low, 4 a.m. to 4 p.m.
- 0.7248
- After-hours high, 4 p.m. to 8 p.m.
- 1.50 at 4:31 p.m.
- Last trade before 4:00 p.m.
- 1.29
- Volume
- 70.16 million
- Relative volume
- 111.7x
- Float
- 926,260 shares, from filings as of September 11, 2026
- Shares outstanding
- 1.03 million
Replay BDRX's day
It starts at 10:25 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 10:28 a.m. and asks what you would do. Or press Play on any moment in How it traded.
The day, step by step
- Small cap
- Momentum
- Gap, run and fade
- Halted once
- Wall break
- Float traded 73x
Before the bell: the float traded by 4:04 a.m.
On September 10, BDRX traded between $0.61 and $0.87 on 93,501 shares and closed at $0.67. The only news in our data for the 11th came after the close.
The first trades on the 11th were at $0.80, already above the $0.67 close. From $0.72 at 4:00 a.m. it ran to the pre-market high, $1.15 at 4:02 a.m. By 4:04 a.m., more shares had traded than exist in the whole float (926,260).
In the 4:04 minute it fell to $0.81, down 29% from the high. From $0.82 at 4:11 it ran to $1.00 at 4:14, up 21%. By 6:21 a.m. the volume was ten times the float. 13.50 million shares traded before the bell.
The open, then a quiet stretch
It opened at $0.88, up 32% from the previous close. It pushed to $0.93 by 9:47, then slid to $0.83 at 9:51, the low since the open.
From 9:52 to 10:29 it stayed between about $0.84 and $0.89, on small volume.
$0.87 to $1.25, then the halt
At 10:30 it woke up. From $0.87 it ran to $1.25 at 10:37, up 43%. The 10:36 minute alone traded 815,646 shares.
After a pullback, it went again from $1.12 at 10:50 to $1.40 at 10:56, up 25%. At 10:56:03 one sell order of 53,435 shares went through six price levels, $1.39 to $1.34, in 50 milliseconds. At 11:06:10 a buy order of 100,256 shares took four levels, $1.35 to $1.38.
At 11:15 it broke from $1.38. In the 11:16 minute a big ask wall showed up at $1.22: 264,958 shares at 11:16:23, 28.6% of the float. Three seconds later, at 11:16:26, it was halted (a volatility pause) with the last trade at $1.22.
Stop It's 11:21. BDRX has been halted since 11:16:26 with the last trade at $1.22, after trading at $1.38 at 11:15. The pause is about to end. Would you buy at $1.22?
Press play: the real Level 2, time and sales and chart stop at 11:21 a.m. ET for your call, then show what happened. The clip starts at 11:18 a.m. ET.
The $1.22 wall was pulled at 11:18:03, while the stock was still halted. It reopened at 11:21:26, and in that same second 193,873 shares printed at $1.22. The 11:21 candle went as low as $1.18. By 11:23 it was back at $1.38.
Walls in the order book
From $1.14 at 12:13 it began a slow climb. At 12:13:30 a buy order of 71,025 shares went through $1.17 to $1.19. At 12:37 someone started offering stock at exactly $1.35. The wall peaked at 121,282 shares at 12:38, 13.1% of the float.
Stop It's 12:43. BDRX is at $1.31. A few cents above, an ask wall has been sitting at $1.35 since 12:37 and peaked at 121,282 shares. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 12:43 p.m. ET for your call, then show what happened. The clip starts at 12:40 p.m. ET.
At 12:43:51 the trades at $1.35 started. In 6.6 seconds, 43,700 shares traded at exactly $1.35 and the wall was gone. It wasn't pulled. Buyers ate it.
Then the other side showed up. From 12:52 someone was bidding for a lot of stock at exactly $1.37. It peaked at 117,535 shares at 12:52:37, 12.7% of the float. At 12:55:22 the first trade printed at $1.37. In 36.2 seconds, 91,712 shares traded at exactly $1.37 and the wall was gone. It wasn't pulled. Sellers hit it. The 12:56 candle fell to $1.32.
Into the afternoon
It recovered and ran to $1.52 at 1:09, up 33% from $1.14 at 12:13. Over the next ten minutes it traded between $1.39 and $1.52.
Stop It's 1:22. BDRX is at $1.52, level with its high from 1:09. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 1:22 p.m. ET for your call, then show what happened. The clip starts at 1:19 p.m. ET.
From $1.40 at 1:12 it ran to $1.54, the high of the day, at 1:22. Within four minutes it was back at $1.36. The 1:26 minute alone traded 504,254 shares.
The fade and after hours
It came back once more. At 2:11 p.m. it pushed to $1.50, a lower high under the $1.54 top. An ask wall at $1.50, first seen at 1:33, peaked at 117,610 shares at 2:11:40.
From there it faded: $1.33 at 2:38 p.m., $1.23 at 3:23 p.m., and $1.29 at the close. A bid wall at $1.21, first seen at 1:36 and 132,999 shares at its peak, was pulled at 3:20 p.m.
Regular hours traded 53.84 million shares. With 13.50 million pre-market, that is 67.34 million shares: the float changed hands about 73 times.
Then at 4:30 p.m. GlobeNewsWire ran: “Interim results for the six months ended June 30, 2026”. In the 4:31 minute the stock traded as low as $1.01 and as high as $1.50, and that candle closed at $1.28.
At 4:49 p.m. the company filed a 6-K (a foreign company's current report). At 4:56 p.m. it filed seven 424B3 prospectuses.
What to take from it
- After the top, the next push stopped lower. $1.54 at 1:22 p.m., then $1.50 at 2:11 p.m.
- Walls break both ways. An ask wall at $1.35 was eaten in 6.6 seconds. A bid wall at $1.37 was hit by sellers over 36 seconds.
- Two fills, two different books. A 5,000-share buy cost $0 over the screen at $1.36 and $30 over at $1.53.
Why it ran
News and SEC filings for BDRX published between the previous session's close and the first minute BDRX 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
Gap, run and fade. It gapped up 32.1% to 0.8817 at the open, ran from the open to the high of 1.54 in 232 minutes through a halt, then gave back 38% of that move by 4:00 p.m., trading at 1.29.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:02 a.m. | First trade 20% above the previous close of 0.6676 | |
| 4:02 a.m. | Pre-market high, 1.15 | |
| 4:04 a.m. | Volume since 4:00 a.m. passes the whole float, 926,260 shares | |
| 9:30 a.m. | The open: 0.8817, up 32.1% from the previous close | |
| 11:16 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 11:21 a.m. | |
| 1:22 p.m. | High of the day to the close, 1.54 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 1.29, 16.2% 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: 13.50 million shares before the 9:30 a.m. open (19%), 2.06 million in the first 30 minutes (3%), and 54.60 million in the rest of the day to 8 p.m. (78%).
- Float rotation, the volume since 4 a.m. against the float of 926,260 shares: past it once at 4:04 a.m., twice at 4:08 a.m., three times at 4:12 a.m.
- The halt at 11:16 a.m.: down 14.7% in the 5 minutes into it, reopened at 1.22, unchanged from the last trade before it, then up 7.4% over the next 5 minutes.
Halts
| Halted | Resumed | Length | Reason in the feed |
|---|---|---|---|
| 11:16 a.m. | 11:21 a.m. | 5 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 BDRX on September 11, 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.