Hindsight Markets Small-cap stocks on September 11, 2026
SWRD on September 11, 2026: why it ran
On September 11, 2026, SWRD opened up 10.3% from the previous close of 2.23 and reached 5.49 at 9:53 a.m. ET. The exchange halted it once.
- Previous close
- 2.23
- Open, 9:30 a.m.
- 2.46
- Gap at the open
- up 10.3%
- Pre-market high
- 2.70 at 9:25 a.m.
- High, 4 a.m. to 4 p.m.
- 5.49 at 9:53 a.m.
- Low, 4 a.m. to 4 p.m.
- 1.71
- After-hours high, 4 p.m. to 8 p.m.
- 3.88 at 5:00 p.m.
- Last trade before 4:00 p.m.
- 2.93
- Volume
- 10.09 million
- Relative volume
- 194.2x
- Float
- 150.49 million shares, from filings as of September 11, 2026
- Shares outstanding
- 211.15 million
Why it ran
News and SEC filings for SWRD published between the previous session's close and the first minute SWRD traded 20% above it, at 9:25 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 10.3% to 2.46 at the open, ran from the open to the high of 5.49 in 23 minutes through a halt, then gave back 84% of that move by 4:00 p.m., trading at 2.93.
| Time (ET) | What happened |
|---|---|
| 9:25 a.m. | First trade 20% above the previous close of 2.23 |
| 9:25 a.m. | Pre-market high, 2.70 |
| 9:30 a.m. | The open: 2.46, up 10.3% from the previous close |
| 9:36 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 9:46 a.m. |
| 9:53 a.m. | High of the day to the close, 5.49 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 2.93, 46.6% 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: 219,522 shares before the 9:30 a.m. open (2%), 3.59 million in the first 30 minutes (36%), and 6.28 million in the rest of the day to 8 p.m. (62%).
- The halt at 9:36 a.m.: up 31.4% in the 5 minutes into it, reopened at 3.91, up 9.8% from the last trade before it, then up 22.8% over the next 5 minutes.
- In our recaps, this is the only day SWRD met the small-cap rule.
Halts
| Halted | Resumed | Length | Reason in the feed |
|---|---|---|---|
| 9:36 a.m. | 9:46 a.m. | 10 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 SWRD 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.