Hindsight Markets Small-cap stocks on September 16, 2026
JDZG on September 16, 2026: why it ran
On September 16, 2026, JDZG opened up 0.0% from the previous close of 3.72 and reached 6.05 at 1:07 p.m. ET. The exchange halted it 2 times.
- Previous close
- 3.72
- Open, 9:30 a.m.
- 3.72
- Gap at the open
- up 0.0%
- Pre-market high
- 3.72 at 7:00 a.m.
- High, 4 a.m. to 4 p.m.
- 6.05 at 1:07 p.m.
- Low, 4 a.m. to 4 p.m.
- 3.68
- After-hours high, 4 p.m. to 8 p.m.
- 4.38 at 4:23 p.m.
- Last trade before 4:00 p.m.
- 4.24
- Volume
- 975,281
- Relative volume
- 4.4x
- Float
- 5.14 million shares, from filings as of September 16, 2026
- Shares outstanding
- 5.43 million
Replay JDZG's day
It starts at 12:32 p.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 12:35 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
- Ask wall
- Halt run
- Halted twice, faded
The day before and pre-market
On September 15, JDZG traded between $3.41 and $4.00 on 500,283 shares. The official close was $3.72. The float is 5.14 million shares, so it's a small one.
Pre-market was almost empty. Only 133 shares traded before the bell. The pre-market high was $3.72 at 7:00 a.m.
A quiet morning
It opened at $3.72, the same as the previous close. It pushed to $3.99 in the 9:33 minute, then settled. For the next three hours it mostly sat between $3.80 and $4.08. Many minutes had no trades at all. At 11:51 it was $3.95, and at 12:26 it was $3.96.
The wall at $4.15
From 9:30 a.m. on, there was a large ask resting at exactly $4.15. Stacked right around it were more offers at $4.16, $4.17, $4.18 and $4.19. The $4.15 offer peaked at 173,284 shares at 12:31 p.m., about 3% of the float. The $4.17 offer had reached 84,004 shares at 11:07.
At 12:30 the stock started to trade heavily. It moved from $4.00 to $4.12 on 9,338 shares, then 51,204 shares in the 12:31 minute.
Stop It's 12:35. JDZG is at $4.15. Right at the price, a very large ask wall has been sitting there since the open, and more offers are stacked just above it. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 12:35 p.m. ET for your call, then show what happened. The clip starts at 12:32 p.m. ET.
Here's what happened. In under a second, 60,102 shares traded at $4.15 and the wall was gone. Buyers ate it.
Then the same thing repeated one level at a time. The $4.16 wall was eaten at 12:38. The $4.17 wall went at 12:41, with 38,024 shares trading at $4.17 over about ten seconds. The $4.18 wall went at 12:44. The $4.19 wall went at 12:45:56, right after a buy sweep at 12:45:55 of 17,007 shares ran from $4.18 to $4.20 across three levels.
The first halt and the reopen
The 12:47 minute opened at $4.50 and reached $4.60. At 12:47:36 it was halted (a volatility pause). It stayed halted for about 20 minutes.
Stop It's 1:07. JDZG last traded at $4.60 and has been halted for 20 minutes. Trading resumes in seconds. Would you buy the reopen?
Press play: the real Level 2, time and sales and chart stop at 1:07 p.m. ET for your call, then show what happened. The clip starts at 1:04 p.m. ET.
It reopened at 1:07:23 p.m. at $5.50. The first print was a single trade of 12,320 shares at $5.50.
The top and the second halt
The high of the day came fast: $6.05 in the 1:07 minute. At 1:07:29 the screen showed $5.85 with 361 shares. A 5,000-share buy would have averaged $6.03 there, $889 over the screen.
By the end of that minute it was back to $5.00. At 1:07:54 it was halted again. The minute had 64,715 shares.
It reopened at 1:17 p.m. at $4.39. A single print of 13,685 shares crossed at $4.39. A 5,000-share buy one second later would have shown $4.36 on the screen, with only 100 shares there, and averaged $4.60, $1,179 more.
The drop to $4.00
The next minute was wild. It opened at $4.28 and traded as high as $4.57 and as low as $4.00 in the 1:18 minute, down 34% from $6.05. A new ask wall showed up at $5.00 during that minute, peaking at 29,293 shares at 1:18:33. It closed the minute at $4.14.
After that it mostly traded between $4.02 and $4.34 until about 3:00 p.m.
The rest of the day
At 2:29 and 2:31 there were two sell sweeps, 12,624 shares from $4.17 to $4.10 and 30,365 shares from $4.14 to $4.10.
It came back once more. At 3:10 p.m. it pushed to $4.56, below the $6.05 top. From there it faded, reaching $4.06 in the 3:57 minute, and $4.24 at 3:59, with the 4:00 minute at $4.25.
By the close, 969,904 shares had traded in the regular session, about 4.4 times normal volume and about 19% of the float, well under one full turn. The stock closed 30% below the high.
What to take from it
- A big ask wall can break in under a second. Here 60,102 shares traded at $4.15 almost instantly, and more walls fell right after.
- These halt reopens were expensive. Both reopens and the top came with thin books, and a 5,000-share buy ran $889 to $1,200 over the screen price.
- After the top, the next push stopped lower. $6.05 at 1:07 p.m., then $4.56 at 3:10 p.m.
Why it ran
News and SEC filings for JDZG published between the previous session's close and the first minute JDZG traded 20% above it, at 12:47 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 0.0% at 3.72, then ran from the open to the high of 6.05 in 217 minutes through a halt.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 7:00 a.m. | Pre-market high, 3.72 | |
| 9:30 a.m. | The open: 3.72, up 0.0% from the previous close | |
| 12:47 p.m. | First trade 20% above the previous close of 3.72 | |
| 12:47 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 1:07 p.m. | |
| 1:07 p.m. | High of the day to the close, 6.05 | |
| 1:07 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 1:17 p.m. | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 4.24, 29.9% 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: 133 shares before the 9:30 a.m. open (0%), 31,610 in the first 30 minutes (3%), and 943,538 in the rest of the day to 8 p.m. (97%).
- The halt at 12:47 p.m.: up 10.0% in the 5 minutes into it, reopened at 5.50, up 19.6% from the last trade before it.
- The halt at 1:07 p.m.: up 8.7% in the 5 minutes into it, reopened at 4.39, down 12.2% from the last trade before it, then down 3.9% over the next 5 minutes.
- Other days JDZG met the small-cap rule in our recaps: 2, the latest on August 14, 2026.
Halts
| Halted | Resumed | Length | Reason in the feed |
|---|---|---|---|
| 12:47 p.m. | 1:07 p.m. | 19 min 47 s | LULD pause (limit up-limit down) |
| 1:07 p.m. | 1:17 p.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 JDZG 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.