Hindsight Markets / Small-cap stocks on September 16, 2026

RETO on September 16, 2026: why it ran

Published October 11, 2026 · By Hindsight Markets

On September 16, 2026, RETO opened up 63.2% from the previous close of 2.80 and reached 20.85 at 11:16 a.m. ET. The exchange halted it 8 times.

Previous close

2.80

Open, 9:30 a.m.

4.57

Gap at the open

up 63.2%

Pre-market high

5.52 at 4:01 a.m.

High, 4 a.m. to 4 p.m.

20.85 at 11:16 a.m.

Low, 4 a.m. to 4 p.m.

1.58

After-hours high, 4 p.m. to 8 p.m.

2.64 at 6:00 p.m.

Last trade before 4:00 p.m.

1.83

Volume

71.28 million

Relative volume

13.9x

Float

35.85 million shares, from filings as of September 16, 2026

Shares outstanding

35.85 million

Halts

8

Why it ran

News and SEC filings for RETO published between the previous session's close and the first minute RETO traded 20% above it, at 4:00 a.m. ET, newest first, from the same feeds the replay shows.

No news found before the move.

How it traded

Gap, run and fade. It gapped up 63.2% to 4.57 at the open, ran from the open to the high of 20.85 in 106 minutes through 4 halts, then gave back 117% of that move by 4:00 p.m., trading at 1.83.

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: 13.33 million shares before the 9:30 a.m. open (19%), 7.43 million in the first 30 minutes (10%), and 50.52 million in the rest of the day to 8 p.m. (71%).
• Float rotation, the volume since 4 a.m. against the float of 35.85 million shares: past it once at 11:07 a.m.
• The halt at 9:36 a.m.: up 34.9% in the 5 minutes into it, reopened at 6.24, up 14.5% from the last trade before it, then up 0.3% over the next 5 minutes.
• The halt at 10:15 a.m.: up 29.1% in the 5 minutes into it, reopened at 9.70, up 25.0% from the last trade before it, then up 46.8% over the next 5 minutes.
• The halt at 10:39 a.m.: up 83.5% in the 5 minutes into it, reopened at 13.50, down 5.2% from the last trade before it, then up 1.3% over the next 5 minutes.
• The halt at 10:52 a.m.: up 20.9% in the 5 minutes into it, reopened at 16.80, down 0.8% from the last trade before it, then down 14.5% over the next 5 minutes.
• The halt at 12:09 p.m.: down 22.9% in the 5 minutes into it, reopened at 8.50, up 1.1% from the last trade before it, then up 4.9% over the next 5 minutes.
• The halt at 2:42 p.m.: down 29.0% in the 5 minutes into it, reopened at 5.00, up 7.3% from the last trade before it, then down 2.6% over the next 5 minutes.
• The halt at 2:54 p.m.: down 25.9% in the 5 minutes into it, reopened at 3.73, up 0.3% from the last trade before it, then down 12.1% over the next 5 minutes.
• The halt at 3:10 p.m.: down 20.5% in the 5 minutes into it, reopened at 3.30, up 18.3% from the last trade before it, then down 17.6% over the next 5 minutes.
• Other days RETO met the small-cap rule in our recaps: 5, the latest on October 5, 2026.

Halts

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.