Hindsight Markets Small-cap stocks on September 16, 2026
BENF on September 16, 2026: why it ran
On September 16, 2026, BENF opened up 37.2% from the previous close of 0.6021 and reached 1.32 at 12:44 p.m. ET. The exchange halted it 4 times.
- Previous close
- 0.6021
- Open, 9:30 a.m.
- 0.8260
- Gap at the open
- up 37.2%
- Pre-market high
- 1.21 at 7:52 a.m.
- High, 4 a.m. to 4 p.m.
- 1.32 at 12:44 p.m.
- Low, 4 a.m. to 4 p.m.
- 0.5735
- After-hours high, 4 p.m. to 8 p.m.
- 0.8735 at 5:14 p.m.
- Last trade before 4:00 p.m.
- 0.8142
- Volume
- 49.67 million
- Relative volume
- 145.2x
- Float
- 2.35 million shares, from filings as of September 16, 2026
- Shares outstanding
- 15.46 million
Replay BENF's day
It starts at 7:25 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 7:28 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: midday
- Catalyst: filing (8-K)
- Round-number break
- Halted four times
- Float traded 21x
Pre-market: a filing, then a 7:23 burst
The previous close was $0.60. The first trades on the 16th came at 4:00 a.m. around $0.59, and the low so far, $0.5735, printed in that same minute. After that it traded in thin, scattered prints near $0.58.
At 6:03 a.m. the company filed an 8-K (a current report). The stock was still around $0.58 at 6:11 and made no real trades for the next hour.
The move began at 7:20. From $0.59 it ran to $0.85 at 7:24 a.m., up 44%, on 189,168 shares in that one minute. Then it fell to $0.63 at 7:28 a.m., down 26% from the high.
By 7:37 a.m., more shares had traded than exist in the whole float (2.35 million). From $0.66 at 7:33 it ran to $1.10 at 7:37, up 67%, then it fell to $0.80 at 7:40, down 27%.
It ran again, from $0.84 at 7:46 to $1.07 at 7:49. Then came the pre-market high, $1.21 at 7:52 a.m. It faded to $0.75 at 8:08 a.m., down 38% from the high. 21.18 million shares traded before the bell.
The open and the dead zone
It opened at $0.83, up 37% from the previous close. At 9:30:01 a 24,757-share print went at $0.826. The stock then sold off, and the low since the open was $0.66 at 9:54 a.m., 20% under the open.
From 10:00 to 11:48 it stayed between about $0.68 and $0.76, on thin volume.
The walls at $0.90 and $1.00
Since 8:28 a.m., a lot of stock had been offered at exactly $0.90. That wall peaked at 120,960 shares at 10:34 a.m., about 5% of the float. A second wall had sat at $1.00 since 7:58 a.m.
At 11:42 the stock touched $0.70. By 11:55 it had worked up to $0.84.
Stop It's 11:56. BENF is at $0.84, up from a $0.70 low at 11:42. An ask wall of up to about 120,000 shares has sat at $0.90 since 8:28 this morning. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 11:56 a.m. ET for your call, then show what happened. The clip starts at 11:53 a.m. ET.
At 11:56:45, 13,331 shares traded at exactly $0.90, and one second later the wall was pulled. The minute ran to $0.97 on 512,515 shares, and at 11:57:18 it was halted (a volatility pause).
During the halt the $1.00 wall grew, and it peaked at 108,868 shares at 11:57:23, about 5% of the float. The halt ended at 12:02:18 with a 133,489-share print at $0.9658.
At 12:02:28 a buyer swept 65,390 shares from $0.9972 to $1.00 across nine levels. In under a second, 56,904 shares traded at exactly $1.00 and the wall was gone. It wasn't pulled. Buyers ate it. The high of that minute was $1.11 on 1.06 million shares.
Two more halts and a round trip
It ran to $1.15 at 12:04, then fell to $0.90 at 12:06, down 22%. At 12:06:23 it was halted a second time. It reopened at 12:11:23 at $0.90, with a 149,448-share print.
It ran to $1.06 at 12:11. At 12:14:35 it was halted a third time, at about $0.84. It reopened at 12:19:35 at $0.838, with a 108,355-share print. It then dropped further to $0.79 at 12:22, down 25% from $1.06.
From $0.79 it climbed back to $1.01 by 12:32, up 27%.
The walls at $1.05 and $1.20
Another wall had formed at $1.05 at 12:12. It peaked at 95,435 shares at 12:12:45, about 4% of the float.
Stop It's 12:33. BENF is at $1.01. About 95,000 shares have been offered at $1.05 since 12:12. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 12:33 p.m. ET for your call, then show what happened. The clip starts at 12:30 p.m. ET.
From 12:33:26 to 12:33:31, 20,051 shares traded at exactly $1.05, and the wall was gone at 12:33:32. Buyers ate it, over about four seconds this time.
It pulled back to $0.97 at 12:35, then ran to $1.17 at 12:38. At 12:41 it was at $1.07 and the next ask wall, at $1.20, was already there.
Stop It's 12:41. BENF is at $1.07. An ask wall at $1.20 has built to over 100,000 shares, about 4.6% of the float. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 12:41 p.m. ET for your call, then show what happened. The clip starts at 12:38 p.m. ET.
That wall had been first seen at 7:52 a.m. and peaked at 108,439 shares at 12:29:07. At 12:41:56 a buyer swept 90,656 shares from $1.18 to $1.23 across six levels. 39,710 shares traded at exactly $1.20 in that one second, and the wall was eaten at 12:41:57. Eleven seconds later a seller dumped 63,642 shares from $1.23 to $1.19.
From $1.03 at 12:40 it ran to $1.32, the high of the day, at 12:44 p.m. Within two minutes it was back at $1.11.
The rest of the day
It came back once more. At 12:51 p.m. it pushed to $1.31, a lower high under the $1.32 top.
At 12:54 a wall of 169,404 shares showed up at $1.09 (7.2% of the float). At 12:54:48 the stock was halted a fourth time at $1.09. It reopened at 12:59:48 at $1.03, with a 104,024-share print at $1.03. The wall was pulled at 1:00:27 p.m.
From there it faded: $0.91 at 1:04 p.m., $0.86 at 1:22 p.m., $0.74 at 3:28 p.m., and $0.81 at the close.
After hours it traded between about $0.74 and $0.87, and the last trade was $0.77. 1.09 million shares changed hands.
The regular session saw 27.40 million shares, on top of 21.18 million pre-market. Together that was 48.58 million shares to the close: the float changed hands about 21 times, at about 145 times its normal volume, and it was halted 4 times.
What to take from it
- A wall can sit for hours and be gone in a second. The $1.00 wall was first seen at 7:58 a.m. and was eaten at 12:02:29 p.m.
- A halt can reopen lower than it stopped. The 12:54 p.m. halt stopped at $1.09 and reopened at $1.03.
- After the top, the next push stopped lower. $1.32 at 12:44 p.m., then $1.31 at 12:51 p.m. By the close it was at $0.81, 38% 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 7:23 a.m. ET, newest first, from the same feeds the replay shows.
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8-K
How it traded
Gap, run and fade. It gapped up 37.2% to 0.8260 at the open, ran from the open to the high of 1.32 in 194 minutes through 3 halts, then gave back 102% of that move by 4:00 p.m., trading at 0.8142.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 6:03 a.m. | SEC filing 8-K: 8-K | |
| 7:23 a.m. | First trade 20% above the previous close of 0.6021 | |
| 7:37 a.m. | Volume since 4:00 a.m. passes the whole float, 2.35 million shares | |
| 7:52 a.m. | Pre-market high, 1.21 | |
| 9:30 a.m. | The open: 0.8260, up 37.2% from the previous close | |
| 11:57 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 12:02 p.m. | |
| 12:06 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 12:11 p.m. | |
| 12:14 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 12:19 p.m. | |
| 12:44 p.m. | High of the day to the close, 1.32 | |
| 12:54 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 12:59 p.m. | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 0.8142, 38.3% 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
- From news to the move: the first trade 20% above the previous close came 1 hour 19 minutes after the latest SEC filing before it (8-K, 6:03 a.m.).
- Volume, from the one-minute bars: 21.18 million shares before the 9:30 a.m. open (43%), 1.79 million in the first 30 minutes (4%), and 26.69 million in the rest of the day to 8 p.m. (54%).
- Float rotation, the volume since 4 a.m. against the float of 2.35 million shares: past it once at 7:37 a.m., twice at 7:40 a.m., three times at 7:44 a.m.
- The halt at 11:57 a.m.: up 23.5% in the 5 minutes into it, reopened at 0.9658, down 0.4% from the last trade before it, then down 6.8% over the next 5 minutes.
- The halt at 12:06 p.m.: down 7.2% in the 5 minutes into it, reopened at 0.9000, unchanged from the last trade before it, then down 6.7% over the next 5 minutes.
- The halt at 12:14 p.m.: down 6.7% in the 5 minutes into it, reopened at 0.8380, down 0.2% from the last trade before it, then up 0.3% over the next 5 minutes.
- The halt at 12:54 p.m.: down 9.2% in the 5 minutes into it, reopened at 1.03, down 5.5% from the last trade before it, then up 1.0% over the next 5 minutes.
Halts
| Halted | Resumed | Length | Reason in the feed |
|---|---|---|---|
| 11:57 a.m. | 12:02 p.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 12:06 p.m. | 12:11 p.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 12:14 p.m. | 12:19 p.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 12:54 p.m. | 12:59 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 BENF on September 16, 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.