Hindsight Markets Small-cap stocks on September 11, 2026
FGL on September 11, 2026: why it ran
On September 11, 2026, FGL opened down 12.7% from the previous close of 5.10 and reached 8.24 at 11:43 a.m. ET. The exchange halted it 2 times.
- Previous close
- 5.10
- Open, 9:30 a.m.
- 4.45
- Gap at the open
- down 12.7%
- Pre-market high
- 5.01 at 4:00 a.m.
- High, 4 a.m. to 4 p.m.
- 8.24 at 11:43 a.m.
- Low, 4 a.m. to 4 p.m.
- 4.15
- After-hours high, 4 p.m. to 8 p.m.
- 6.79 at 4:31 p.m.
- Last trade before 4:00 p.m.
- 5.45
- Volume
- 1.18 million
- Relative volume
- 5.7x
- Float
- 72,683 shares, from filings as of September 11, 2026
- Shares outstanding
- 75,555
Replay FGL's day
It starts at 11:00 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 11:03 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
- Tiny float
- Main move: late morning
- No news
- Halt run
- Halted twice, faded
The day before
On September 10, FGL opened at $6.28 and hit $6.33. It dropped to $4.96 and the official close was $5.10. 130,670 shares traded. The data shows no news for the day.
Pre-market: drifting down from $5.01
The pre-market high was $5.01 at 4:00 a.m., the first minute of trading. After that it drifted lower. It traded around $4.88 through the early morning, slid to $4.67 by 6:15 a.m., reached $4.52 at 8:47 a.m. and $4.40 by 9:22 a.m. Only 21,547 shares traded before the bell.
The float is just 72,683 shares.
The open and the slow climb
It opened at $4.45, down 13% from the $5.10 close. In the 9:31 minute it fell to $4.15, the low so far. By 9:38 it was back at $4.26.
For the next hour it crept up. It was at $4.75 by 10:08 and $4.88 by 10:42. Most minutes had a few hundred shares or fewer, and many had fewer than 100.
Stop It's 10:57. FGL is at $4.98, just under $5.00. It touched $5.09 at 10:53 and has sat at $4.98 for two minutes. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 10:57 a.m. ET for your call, then show what happened. The clip starts at 10:54 a.m. ET.
Here's what happened. The 10:57 minute went from $4.98 to $5.55 on 5,811 shares, about 8% of the float in one minute. It touched $5.65 at 11:01, up 33% from the $4.26 at 9:38. It pulled back to $5.13 by 11:07.
At 11:10 it started again from $5.34. The 11:18 minute alone traded 7,381 shares and pushed to $6.36, up 22% from $5.20 at 11:08.
The 11:33 halt
It chopped between $5.81 and $6.61 for ten minutes. Then it ran again to $6.99, and at 11:33 it was halted (a volatility pause). The last trade was $6.99.
The halt lasted ten minutes.
Stop It's 11:43. FGL has been halted since 11:33, with its last trade at $6.99. The halt is about to end. Would you chase it at the reopen?
Press play: the real Level 2, time and sales and chart stop at 11:43 a.m. ET for your call, then show what happened. The clip starts at 11:40 a.m. ET.
It reopened at 11:43:21 at $7.48, 7% above where it stopped. A big print came at that moment: 15,734 shares at $7.49, more than 20% of the float in one trade.
The high of the day was $8.24, in that same 11:43 minute. Within a minute it was back at $7.00. Those two minutes alone traded 169,374 shares, more than twice the float.
At 11:45 it was halted again (a volatility pause). The last trade was $6.72. It reopened at 11:50 at $6.51, 3% below where it stopped.
Then it fell fast. In the 11:51 minute it hit $5.64, down 32% from $8.24. At 11:51:11 a buy sweep of 11,138 shares went through 11 price levels, from $5.64 to $5.85.
The rest of the day
It bounced to $6.39 in the 11:51 minute and $6.37 at 11:52, lower highs under the $8.24 top. It slid to $5.02 by 12:22, and to $4.26 at 12:32, close to the morning's low.
From 12:50 to the close it stayed between about $4.75 and $5.50, and closed at $5.45, 34% under the $8.24 high of the day. That is above the $5.10 previous close.
To the close, 733,977 shares traded: the float changed hands about 10 times, at about 5.7 times its normal volume.
After hours it ran again. It reached $6.79 at 4:31 p.m. and 422,358 more shares traded after the close. The data shows no news in that window.
What to take from it
- A halt reopen can print higher than where it stopped, and fills can differ a lot from the screen. The 11:33 halt stopped at $6.99 and reopened at $7.48. A 5,000-share buy cost $1,301 over the screen. At the 11:50 reopen the same order cost $17.
- After the top, the next push stopped lower. $8.24 at 11:43, then $6.39 in the 11:51 minute.
- With a float of 72,683 shares, a few thousand shares moved the price. Most of the run was gone by the close: $5.45, 34% under the high.
Why it ran
News and SEC filings for FGL published between the previous session's close and the first minute FGL traded 20% above it, at 11:18 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 down 12.7% at 4.45, then ran from the open to the high of 8.24 in 133 minutes through a halt.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:00 a.m. | Pre-market high, 5.01 | |
| 9:30 a.m. | The open: 4.45, down 12.7% from the previous close | |
| 11:18 a.m. | First trade 20% above the previous close of 5.10 | |
| 11:18 a.m. | Volume since 4:00 a.m. passes the whole float, 72,683 shares | |
| 11:33 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 11:43 a.m. | |
| 11:43 a.m. | High of the day to the close, 8.24 | |
| 11:45 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 11:50 a.m. | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 5.45, 33.9% 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: 21,547 shares before the 9:30 a.m. open (2%), 13,263 in the first 30 minutes (1%), and 1.14 million in the rest of the day to 8 p.m. (97%).
- Float rotation, the volume since 4 a.m. against the float of 72,683 shares: past it once at 11:18 a.m., twice at 11:31 a.m., three times at 11:43 a.m.
- The halt at 11:33 a.m.: up 15.7% in the 5 minutes into it, reopened at 7.48, up 7.0% from the last trade before it, then down 10.2% over the next 5 minutes.
- The halt at 11:45 a.m.: down 3.9% in the 5 minutes into it, reopened at 6.51, down 3.1% from the last trade before it, then down 8.1% over the next 5 minutes.
- Other days FGL met the small-cap rule in our recaps: 4, the latest on September 9, 2026.
Halts
| Halted | Resumed | Length | Reason in the feed |
|---|---|---|---|
| 11:33 a.m. | 11:43 a.m. | 10 min 0 s | LULD pause (limit up-limit down) |
| 11:45 a.m. | 11:50 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 FGL 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.