Hindsight Markets Small-cap stocks on September 14, 2026
RAYA on September 14, 2026: why it ran
On September 14, 2026, RAYA opened down 4.3% from the previous close of 2.10 and reached 2.95 at 8:42 a.m. ET. The exchange did not halt it.
- Previous close
- 2.10
- Open, 9:30 a.m.
- 2.01
- Gap at the open
- down 4.3%
- Pre-market high
- 2.95 at 8:42 a.m.
- High, 4 a.m. to 4 p.m.
- 2.95 at 8:42 a.m.
- Low, 4 a.m. to 4 p.m.
- 1.69
- After-hours high, 4 p.m. to 8 p.m.
- 1.95 at 4:00 p.m.
- Last trade before 4:00 p.m.
- 1.90
- Volume
- 1.37 million
- Relative volume
- 548.5x
- Float
- 974,839 shares, from filings as of September 14, 2026
- Shares outstanding
- 982,568
- Halts
- none in the halt feed
Why it ran
News and SEC filings for RAYA published between the previous session's close and the first minute RAYA traded 20% above it, at 8:41 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 4.3% at 2.01, then ran from the open to the high of 2.30 in 4 minutes.
| Time (ET) | What happened |
|---|---|
| 8:41 a.m. | First trade 20% above the previous close of 2.10 |
| 8:42 a.m. | Pre-market high, 2.95 |
| 8:42 a.m. | High of the day to the close, 2.95 |
| 9:29 a.m. | Volume since 4:00 a.m. passes the whole float, 974,839 shares |
| 9:30 a.m. | The open: 2.01, down 4.3% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 1.90, 35.6% 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: 976,268 shares before the 9:30 a.m. open (71%), 218,668 in the first 30 minutes (16%), and 173,942 in the rest of the day to 8 p.m. (13%).
- Float rotation, the volume since 4 a.m. against the float of 974,839 shares: past it once at 9:29 a.m.
- In our recaps, this is the only day RAYA met the small-cap rule.
Halts
The exchange's halt feed shows no halts for RAYA that day.
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 RAYA on September 14, 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.