Hindsight Markets Small-cap stocks on September 11, 2026
BENF on September 11, 2026: why it ran
On September 11, 2026, BENF opened up 12.1% from the previous close of 1.16 and reached 2.77 at 10:18 a.m. ET. The exchange halted it 3 times.
- Previous close
- 1.16
- Open, 9:30 a.m.
- 1.30
- Gap at the open
- up 12.1%
- Pre-market high
- 1.53 at 8:36 a.m.
- High, 4 a.m. to 4 p.m.
- 2.77 at 10:18 a.m.
- Low, 4 a.m. to 4 p.m.
- 1.03
- After-hours high, 4 p.m. to 8 p.m.
- 1.16 at 5:41 p.m.
- Last trade before 4:00 p.m.
- 1.06
- Volume
- 6.00 million
- Relative volume
- 693.3x
- Float
- 2.33 million shares, from filings as of September 11, 2026
- Shares outstanding
- 15.46 million
Replay BENF's day
It starts at 9:54 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 9:57 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
- Main move: 10 a.m. hour
- No news in the data
- Halt run
- Halted three times
- Lower high
- Faded to the close
Pre-market: quiet, then $1.53
The first trade on the 11th was at $1.32 at 4:00 a.m., already above the $1.16 close. For hours it traded in small lots at $1.32 or $1.33.
At 8:34 a.m. it woke up. The pre-market high was $1.53 at 8:36 a.m. Then it faded to $1.18 at 8:48 a.m., down 23% from the high. 30,384 shares traded before the bell.
The open and the 10 a.m. break
It opened at $1.30, up 12% from the previous close. For the next half hour it moved between about $1.35 and $1.48. Volume was thin.
At 10:00 it cleared the pre-market high of $1.53. In the 10:01 minute it ran from $1.57 to $1.83 on 22,173 shares. At 10:02:04 it was halted (a volatility pause) with the last trade at $1.83.
Halts and reopens
It reopened at 10:12:08 at $2.26, 23% above where it stopped. The first print was 83,496 shares at $2.26.
It ran to $2.71 and was halted again at 10:12:30. From 10:14 a bid wall built at $2.80, up to 32,349 shares (1.4% of the float). It was gone at 10:17:31, one second after the reopen.
It reopened at 10:17:30 at $2.72 with a single print of 130,215 shares. That is more than 5% of the float in one trade.
Stop It's 10:18. BENF is at $2.69, more than double the $1.30 open, and it just reopened from its second halt at $2.72. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 10:18 a.m. ET for your call, then show what happened. The clip starts at 10:15 a.m. ET.
Here's what happened. In that minute it hit $2.77, the high so far. The same minute it also traded as low as $2.15, and it closed the minute at $2.24. The 10:19 minute closed at $2.00.
From 10:18 to 10:20, three ask walls built between $2.55 and $2.67, each about 26,000 to 28,000 shares (about 1% of the float each). At 10:20:33 it was halted a third time, last trade $1.87, and all three walls were gone within a second of the halt.
It reopened at 10:25:33 at $1.87, on a print of 82,976 shares.
The flush and a lower high
By 10:26 more shares had traded than exist in the whole float (2.33 million). In the same minute it fell to $1.37, down 51% from $2.77.
It came back once more. At 10:28 it pushed to $1.65, and touched it again at 10:31, a lower high under the $2.77 top. Between 10:32 and 10:36 several large sell orders went through the book. The biggest was 46,364 shares from $1.36 to $1.30 at 10:34:02. The 10:34 minute fell to $1.17.
The bid at $1.15
From 10:38 on, someone was bidding for stock at exactly $1.15. An ask wall of up to 27,758 shares also appeared at $1.60 at 10:40. The price chopped between about $1.19 and $1.37.
Stop It's 10:44. BENF is at $1.28, well below the $2.77 high. Someone has been bidding for stock at $1.15 since 10:38. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 10:44 a.m. ET for your call, then show what happened. The clip starts at 10:41 a.m. ET.
Here's what happened. The bid grew to 66,112 shares at 10:47, about 3% of the float. From 10:48:26, sellers traded into it at $1.15. In 31.4 seconds 23,093 shares traded at $1.15 and the bid was gone. Sellers hit it. The 10:50 minute fell to $1.11.
The rest of the day
After 10:34 it did not trade above $1.37 in the regular session. It spent the midday between about $1.11 and $1.29. At 2:43 p.m. it dropped to $1.05 on 26,732 shares, and the low after the open was $1.03 at 2:44 p.m. It closed at $1.06.
Through the close, 5.60 million shares traded. That is more than twice the float, at 693 times its normal volume.
After hours it traded between $0.90 and $1.16, with the high at 5:41 p.m. and the low at 7:38 p.m. The data shows no news or filings for the day.
What to take from it
- A halt can reopen higher than it stopped, and the book right after a reopen can be thin. The first halt stopped at $1.83 and reopened at $2.26. A 5,000-share buy there averaged $2.37 and cost $374 more than the screen showed.
- After the top, the next push stopped lower. $2.77 at 10:18, then $1.65 at 10:28.
- A big bid can be sold through. The $1.15 bid peaked at 66,112 shares and was gone in 31.4 seconds. The stock closed at $1.06, 62% below the high.
Why it ran
News and SEC filings for BENF published between the previous session's close and the first minute BENF traded 20% above it, at 8:34 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 12.1% to 1.30 at the open, ran from the open to the high of 2.77 in 48 minutes through two halts, then gave back 116% of that move by 4:00 p.m., trading at 1.06.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 8:34 a.m. | First trade 20% above the previous close of 1.16 | |
| 8:36 a.m. | Pre-market high, 1.53 | |
| 9:30 a.m. | The open: 1.30, up 12.1% from the previous close | |
| 10:02 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 10:12 a.m. | |
| 10:12 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 10:17 a.m. | |
| 10:18 a.m. | High of the day to the close, 2.77 | |
| 10:20 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 10:25 a.m. | |
| 10:26 a.m. | Volume since 4:00 a.m. passes the whole float, 2.33 million shares | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 1.06, 61.7% 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: 30,384 shares before the 9:30 a.m. open (1%), 17,489 in the first 30 minutes (0%), and 5.95 million in the rest of the day to 8 p.m. (99%).
- Float rotation, the volume since 4 a.m. against the float of 2.33 million shares: past it once at 10:26 a.m., twice at 10:50 a.m.
- The halt at 10:02 a.m.: up 24.1% in the 5 minutes into it, reopened at 2.26, up 23.5% from the last trade before it.
- The halt at 10:12 a.m.: up 48.1% in the 5 minutes into it, reopened at 2.72, up 0.4% from the last trade before it, then down 31.3% over the next 5 minutes.
- The halt at 10:20 a.m.: down 31.0% in the 5 minutes into it, reopened at 1.87, unchanged from the last trade before it, then down 19.8% over the next 5 minutes.
Halts
| Halted | Resumed | Length | Reason in the feed |
|---|---|---|---|
| 10:02 a.m. | 10:12 a.m. | 10 min 4 s | LULD pause (limit up-limit down) |
| 10:12 a.m. | 10:17 a.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 10:20 a.m. | 10:25 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 BENF 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.