KXIN on September 17, 2026: why it ran

The day, step by step

• Small cap
• Momentum
• Gap, run and fade
• News headline at 10:30
• Float traded by 6:14 a.m.
• Bid wall eaten
• Lower high
• Faded to the close

The day before

On September 16, KXIN ran from $1.05 to $2.78. It gave almost all of it back and closed at $1.13.

After hours it was back up to $2.69.

Pre-market: a bid wall at $2.05

The first trades on the 17th were at $2.27, already above the $1.13 close. It hit $2.61 at 4:00 a.m., in the very first minute.

Level 2 showed something the chart doesn't. From 4:01 a.m. on, a large bid was stacked at exactly $2.05, below the price.

The wall peaked at 65,637 shares at 4:04 a.m., about 1.2% of the float. From 4:05:06 to 4:05:10, 62,981 shares traded at exactly $2.05 in 4.7 seconds and the wall was gone. It wasn't pulled. It was eaten. One single print of 20,000 shares went through at 4:05:09.

Two ask walls came and went a little later. One at $2.11 grew to 63,910 shares and was pulled at 4:27:10. A new one appeared at $2.07 in the same second, grew to 66,469 shares, and was pulled at 4:29:32. In the 4:30 minute the price went from $2.01 to $2.18.

By 6:14 a.m., more shares had traded than exist in the whole float (5.33 million). 9.67 million shares traded before the bell, and $2.61 at 4:00 a.m. stayed the pre-market high.

Down to $1.60, then the open

After 6:14 it slid. It fell to $1.86 at 7:00 a.m., down 22% from $2.40. It ran back to $2.09 at 7:32 a.m., then fell to $1.60 at 8:49 a.m., down 23%.

It opened at $1.68, up 49% from the previous close. A 42,721-share print went through at $1.70 at 9:30:00, and the first minute dipped to $1.54. The low since the open came at 9:41, at $1.53.

From $1.55 at 9:50 a.m. it ran to $1.95 at 10:03 a.m., up 26%. A 25,000-share print went through at $1.82 at 10:07:51. By 10:10 it was back at $1.71.

Late morning

The 10:23 minute traded 467,011 shares and reached $2.11. The next minute traded 737,702 and hit $2.26 at 10:24 a.m.. That is up 30% from $1.74 at 10:21. A buy order of 41,678 shares swept through five price levels, $2.18 to $2.22, at 10:24:29.

It pulled back to $1.93 at 10:25, then climbed again to $2.39 at 10:30 a.m., up 24%. Another sweep bought 45,705 shares from $2.33 to $2.37 at 10:30:16.

At 10:30 a.m. Benzinga ran: “Kaixin Holdings Stock Surges Thursday: What's Going On?”. By then the stock had already moved from $1.74 to as high as $2.26. By 10:32 it was at $2.27.

The 10:33 minute was the biggest of the day: 1,125,016 shares. Two buy sweeps of about 48,000 shares each went through at 10:33:23 ($2.40 to $2.45) and 10:33:29 ($2.49 to $2.51). Two prints of 19,200 and 16,814 shares went through at $2.66 at the bid. At 10:33:24 an ask wall appeared at $3.00. It peaked at 65,742 shares at 10:36:20, about 1.2% of the float.

At 10:34 it reached $2.81, the high of the day. A buy sweep of 34,916 shares went from $2.66 to $2.74 across nine levels at 10:34:06. By 10:35 it had dipped to $2.42.

The fade

It came back twice. It pushed to $2.76 at 10:35 and $2.70 at 10:36, both under the $2.81 top. At 10:35:09 a sell sweep of 34,381 shares went from $2.55 to $2.47.

After the top it faded. It was at $2.16 at 10:39 a.m.

At 10:43:07 an ask wall appeared at $2.63. It peaked at 65,367 shares at 10:46:51 and was pulled at 10:53:00. Two seconds later a sell sweep of 42,792 shares ran from $2.03 to $2.00. It reached $1.90 at 10:56 a.m., and a bounce to $2.14 at 11:08 did not hold.

A bid wall showed up at $1.66 at 11:25:37. It grew to 71,729 shares at 11:39:52, about 1.3% of the float, and was pulled at 11:42:45. In the 11:43 minute the price fell to $1.55. A 25,000-share print went through at $1.60 at 11:43:26. The late-morning low was $1.54 at 11:47 a.m., a cent above the morning low of $1.53.

It spent the early afternoon between $1.56 and $1.84. At 2:00 p.m. it woke up. Buy sweeps went through at 2:00:13 (36,004 shares, $1.86 to $1.93) and 2:01:05 (56,040 shares, $1.94 to $2.00), and the 2:01 minute touched $2.00. At 2:02:37 a sell sweep of 33,060 shares ran from $1.98 to $1.83 across 16 levels. It drifted from there and closed at $1.80.

The regular session traded 20.79 million shares, about 3.9 times the float. Relative volume for the day was about 32.

After hours

After hours it was quiet at first. One thin minute at 4:24 p.m. printed $1.41, the low of the whole day, but that minute closed at $1.66. By 5:22 p.m. it reached $2.08. After hours traded 1.06 million shares in all.

What to take from it

• After the top, the next pushes stopped lower. $2.81 at 10:34 a.m., then $2.76 at 10:35 and $2.70 at 10:36.
• Big walls can show up on either side, and they can disappear in seconds. The $2.05 bid was eaten in 4.7 seconds. The $2.63 ask was pulled while the price fell.
• Most of the move was gone by the close. It closed at $1.80, 36% below the $2.81 high.

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