Hindsight Markets Small-cap stocks on September 15, 2026
MEDS on September 15, 2026: why it ran
On September 15, 2026, MEDS opened up 1.5% from the previous close of 0.8819 and reached 3.85 at 1:32 p.m. ET. The exchange halted it 5 times.
- Previous close
- 0.8819
- Open, 9:30 a.m.
- 0.8949
- Gap at the open
- up 1.5%
- Pre-market high
- 0.9398 at 8:30 a.m.
- High, 4 a.m. to 4 p.m.
- 3.85 at 1:32 p.m.
- Low, 4 a.m. to 4 p.m.
- 0.8520
- After-hours high, 4 p.m. to 8 p.m.
- 2.70 at 5:32 p.m.
- Last trade before 4:00 p.m.
- 1.63
- Volume
- 21.85 million
- Relative volume
- 70.0x
- Float
- 2.38 million shares, from filings as of September 15, 2026
- Shares outstanding
- 3.06 million
Replay MEDS's day
It starts at 12:52 p.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 12:55 p.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: midday
- Halted five times
- Float traded 7x
- Bid wall at a halt
- Halt reopens
- Lower high
A dead morning
MEDS closed at $0.88 on September 14 after trading 18,631 shares that day. The 15th started the same way.
The pre-market high was $0.94 at 8:30 a.m. Just 1,611 shares traded before the bell. It opened at $0.89, up 1.5% from the previous close.
Then it sat. Until noon, no minute traded more than 3,531 shares, and the stock stayed near $0.87. The low since the open was $0.865 at 10:11 a.m. Nothing on the chart suggested what came next.
12:00 to 1:04: the build
At 12:01 p.m. a minute traded 6,128 shares, the biggest of the day so far, and the stock started to wake up. By 12:13 it was around $0.93. At 12:22 a 15,713-share minute held it near $0.98.
It crossed $1.00 at 12:54, reaching $1.01. Then the volume arrived. The 12:59 minute traded 111,976 shares. At 1:03 it closed at $1.42 on 301,693 shares. That one minute equaled about 13% of the 2.38 million-share float.
The first halt and the bid at $1.48
At 1:04 p.m. it hit $1.48 and was halted (a volatility pause). During the halt, a lot of stock sat on the bid at exactly $1.48. It peaked at 114,415 shares, about 5% of the float. On the ask side, 68,822 shares sat at $1.48 by 1:09:39.
Stop It's 1:09. MEDS has been halted since 1:04 with the last trade at $1.48. The bid at $1.48 showed 114,415 shares at the halt. Would you buy when it reopens?
Press play: the real Level 2, time and sales and chart stop at 1:09 p.m. ET for your call, then show what happened. The clip starts at 1:06 p.m. ET.
It reopened at 1:09:47. A single print of 160,142 shares went through at $1.48 as it reopened, and both walls at $1.48 were gone by 1:09:48. The 1:09 minute went on to close at $1.78.
Halts two and three: $2.00 and $2.67
At 1:10:13 it was halted again at $1.78. A bid wall of up to 134,128 shares, about 5.6% of the float, sat at $1.78 during the halt. It reopened at 1:20 at $2.00, above where it stopped, on a 157,733-share print. By the end of the 1:30 minute more shares had traded than exist in the whole float (2.38 million).
The 1:20 minute went from $2.00 to $2.40. At 1:20:39 it was halted a third time. A bid wall of up to 259,688 shares (10.9% of the float) sat at $2.40. It reopened at 1:30 at $2.67, well above that wall, on a 130,201-share print. A buy order swept 29,367 shares from $2.69 to $2.81 across 13 price levels as it reopened. The wall was pulled at 1:31:17.
Back above $3
Stop It's 1:32. MEDS is at $3.41. It reopened from a halt at $2.67 two minutes ago and has already passed $3. Would you chase it here?
Press play: the real Level 2, time and sales and chart stop at 1:32 p.m. ET for your call, then show what happened. The clip starts at 1:29 p.m. ET.
The 1:32 minute hit $3.85, the high of the day, up 337% from the $0.88 previous close. Then a sell order ran 44,020 shares down from $3.73 to $3.65 across 9 levels at 1:32:47.
At 1:33:30 it was halted a fourth time, with the last trade at $2.65. That's 31% below the high, reached within two minutes.
The fourth reopen and the lower high
It reopened at 1:38 at $2.69. It dipped to $2.55 in that same minute, down 34% from $3.85, then pushed back up.
At 1:44 p.m. it pushed to $3.60, a lower high under the $3.85 top. From there it slid. At 2:01 it was down to $2.05, and at 2:01:50 it was halted a fifth time. An ask wall built at $2.05, up to 95,746 shares, about 4% of the float. It reopened at 2:06:50 at $2.04. At 2:06:52, 13,322 shares traded at exactly $2.05, and the wall was gone a second later.
The fade and the close
It bounced to $2.80 at 2:12 and $2.92 at 2:17, then drifted lower, and by 3:00 it was near $2.00. It closed at $1.63, 58% below the high.
In the regular session, 16.34 million shares traded: the float changed hands about 7 times, at 70 times its normal volume.
After hours
Just after the close, it slid to $1.41 by 4:04 p.m. At 4:05 p.m. Accesswire ran: “DataMEDS, AI. Acquires Helomics AI Cancer Diagnostics Lab and Precision Oncology CRO Businesses from Axe Compute”. The 4:05 minute went from $1.41 to $1.70.
After hours it was back to $1.40 at 4:16 p.m., then ran to $2.70 by 5:32 p.m., up 93%. About 5.51 million shares traded after hours.
What to take from it
- A halt can reopen higher than it stopped. The 1:10 p.m. halt stopped at $1.78 and reopened at $2.00. The 1:20 halt stopped at $2.40 and reopened at $2.67.
- Reopens and the high often filled worse than the screen showed. Six of seven 5,000-share test buys cost $76 to $233 more than the screen price; the 1:30:40 reopen filled right at it.
- After the top, the next push stopped lower. $3.85 at 1:32 p.m., then $3.60 at 1:44 p.m. The stock closed at $1.63, 58% below the high.
Why it ran
News and SEC filings for MEDS published between the previous session's close and the first minute MEDS traded 20% above it, at 12:57 p.m. ET, newest first, from the same feeds the replay shows.
No news found before the move.
How it traded
Intraday run. It opened up 1.5% at 0.8949, then ran from the open to the high of 3.85 in 242 minutes through 3 halts.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 8:30 a.m. | Pre-market high, 0.9398 | |
| 9:30 a.m. | The open: 0.8949, up 1.5% from the previous close | |
| 12:57 p.m. | First trade 20% above the previous close of 0.8819 | |
| 1:04 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 1:09 p.m. | |
| 1:10 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 1:20 p.m. | |
| 1:20 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 1:30 p.m. | |
| 1:30 p.m. | Volume since 4:00 a.m. passes the whole float, 2.38 million shares | |
| 1:32 p.m. | High of the day to the close, 3.85 | |
| 1:33 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 1:38 p.m. | |
| 2:01 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 2:06 p.m. | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 1.63, 57.7% 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: 1,611 shares before the 9:30 a.m. open (0%), 3,933 in the first 30 minutes (0%), and 21.84 million in the rest of the day to 8 p.m. (100%).
- Float rotation, the volume since 4 a.m. against the float of 2.38 million shares: past it once at 1:30 p.m., twice at 1:39 p.m., three times at 1:48 p.m.
- The halt at 1:04 p.m.: up 31.0% in the 5 minutes into it, reopened at 1.48, unchanged from the last trade before it, then up 20.3% over the next 5 minutes.
- The halt at 1:10 p.m.: up 20.3% in the 5 minutes into it, reopened at 2.00, up 12.4% from the last trade before it.
- The halt at 1:20 p.m.: up 34.8% in the 5 minutes into it, reopened at 2.67, up 11.3% from the last trade before it, then down 0.7% over the next 5 minutes.
- The halt at 1:33 p.m.: up 10.4% in the 5 minutes into it, reopened at 2.69, up 1.5% from the last trade before it, then up 12.6% over the next 5 minutes.
- The halt at 2:01 p.m.: down 26.3% in the 5 minutes into it, reopened at 2.04, down 0.5% from the last trade before it, then up 13.7% over the next 5 minutes.
- Other days MEDS met the small-cap rule in our recaps: 7, the latest on October 8, 2026.
- The next session, September 16, 2026, it was up 274.1% from its previous close at the 4:00 p.m. close.
Halts
| Halted | Resumed | Length | Reason in the feed |
|---|---|---|---|
| 1:04 p.m. | 1:09 p.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 1:10 p.m. | 1:20 p.m. | 10 min 0 s | LULD pause (limit up-limit down) |
| 1:20 p.m. | 1:30 p.m. | 10 min 0 s | LULD pause (limit up-limit down) |
| 1:33 p.m. | 1:38 p.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 2:01 p.m. | 2:06 p.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 MEDS on September 15, 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.