Hindsight Markets Small-cap stocks on September 16, 2026
MKDW on September 16, 2026: why it ran
On September 16, 2026, MKDW opened down 1.8% from the previous close of 6.58 and reached 9.25 at 2:35 p.m. ET. The exchange halted it 2 times.
- Previous close
- 6.58
- Open, 9:30 a.m.
- 6.46
- Gap at the open
- down 1.8%
- Pre-market high
- 6.55 at 9:22 a.m.
- High, 4 a.m. to 4 p.m.
- 9.25 at 2:35 p.m.
- Low, 4 a.m. to 4 p.m.
- 5.39
- After-hours high, 4 p.m. to 8 p.m.
- 8.00 at 4:45 p.m.
- Last trade before 4:00 p.m.
- 7.80
- Volume
- 413,569
- Relative volume
- 8.8x
- Float
- 7.64 million shares, from filings as of September 16, 2026
- Shares outstanding
- 34.20 million
Why it ran
News and SEC filings for MKDW published between the previous session's close and the first minute MKDW traded 20% above it, at 2:16 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 down 1.8% at 6.46, then ran from the open to the high of 9.25 in 305 minutes through two halts.
| Time (ET) | What happened |
|---|---|
| 9:22 a.m. | Pre-market high, 6.55 |
| 9:30 a.m. | The open: 6.46, down 1.8% from the previous close |
| 2:06 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 2:16 p.m. |
| 2:16 p.m. | First trade 20% above the previous close of 6.58 |
| 2:20 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 2:25 p.m. |
| 2:35 p.m. | High of the day to the close, 9.25 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 7.80, 15.7% 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: 1,618 shares before the 9:30 a.m. open (0%), 8,603 in the first 30 minutes (2%), and 403,348 in the rest of the day to 8 p.m. (98%).
- The halt at 2:06 p.m.: up 14.1% in the 5 minutes into it, reopened at 7.65, up 4.8% from the last trade before it, then up 17.6% over the next 5 minutes.
- The halt at 2:20 p.m.: up 23.3% in the 5 minutes into it, reopened at 9.00, unchanged from the last trade before it, then down 5.7% over the next 5 minutes.
- Other days MKDW met the small-cap rule in our recaps: 2, the latest on September 17, 2026.
- The next session, September 17, 2026, it was down 6.0% from its previous close at the 4:00 p.m. close.
Halts
| Halted | Resumed | Length | Reason in the feed |
|---|---|---|---|
| 2:06 p.m. | 2:16 p.m. | 10 min 0 s | LULD pause (limit up-limit down) |
| 2:20 p.m. | 2:25 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 MKDW 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.