Hindsight Markets Small-cap stocks on September 17, 2026
PAAI on September 17, 2026: why it ran
On September 17, 2026, PAAI opened up 5.2% from the previous close of 0.8999 and reached 3.47 at 11:47 a.m. ET. The exchange halted it 3 times.
- Previous close
- 0.8999
- Open, 9:30 a.m.
- 0.9463
- Gap at the open
- up 5.2%
- Pre-market high
- 0.9790 at 8:05 a.m.
- High, 4 a.m. to 4 p.m.
- 3.47 at 11:47 a.m.
- Low, 4 a.m. to 4 p.m.
- 0.9150
- After-hours high, 4 p.m. to 8 p.m.
- not available
- Last trade before 4:00 p.m.
- 3.33
- Volume
- 12.82 million
- Relative volume
- 384.5x
- Float
- 12.83 million shares, from filings as of September 17, 2026
- Shares outstanding
- 47.61 million
Replay PAAI's day
It starts at 11:18 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 11:21 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: late morning
- Halt run
- Halted three times
- Thin pre-market
- Ask wall during halt
- News after the close
A quiet start
The previous close was $0.90. The first trade on the 17th was at $0.98 at 8:05 a.m. That was the pre-market high. Only 862 shares traded before the bell.
It opened at $0.95 and then barely traded. Many minutes had no trades at all. The low since the open was $0.915 at 10:11. Through 11:03 it stayed between $0.915 and $0.984. The float is 12.8 million shares, and almost none of it had moved.
11:04: the move starts
At 11:04 it pushed from $0.99 to $1.10. Volume in that minute was 4,799 shares. At 11:08, 36,554 shares traded. At 11:14, 251,365 shares traded and the range was $1.05 to $1.22.
It chopped between $1.00 and $1.25 until 11:20. Then it sped up. The 11:22 minute traded 547,460 shares and closed at $1.46. By 11:25 it was at $1.81, with between 547,000 and 609,000 shares traded in each of the minutes from 11:22 to 11:25.
The first halt at $1.81
At 11:25:50 a bid wall appeared at $1.81. It peaked at 101,629 shares two seconds later.
At 11:25:59 it was halted (a volatility pause). The last trade was $1.81. The halt lasted ten minutes.
Stop It's 11:35. PAAI has been halted since 11:25 with the last trade at $1.81. It is about to reopen. It was at $0.99 at 11:04, thirty-one minutes ago. Would you buy the reopen?
Press play: the real Level 2, time and sales and chart stop at 11:35 a.m. ET for your call, then show what happened. The clip starts at 11:32 a.m. ET.
It reopened at 11:35:59 at $2.05, 13% above where it stopped. A single trade of 202,603 shares printed at $2.05 on the reopen. A 5,000-share market buy one second later would have averaged $2.09, the same as the screen. The book was deep enough that time.
Second halt
At 11:36 it ran to $2.46. A buy sweep of 56,754 shares at 11:36:03 went from $2.14 to $2.25 across 12 levels. At 11:36:22 it was halted again at $2.46.
Stop It's 11:41. PAAI is about to reopen from its second halt. The last trade before the halt was $2.46, and it is up from $0.99 thirty-seven minutes ago. Would you buy as soon as it reopens?
Press play: the real Level 2, time and sales and chart stop at 11:41 a.m. ET for your call, then show what happened. The clip starts at 11:38 a.m. ET.
It reopened at 11:41:22. A trade of 240,351 shares printed at $2.39. A second later the screen showed $2.26, but only 952 shares were offered there.
The 11:41 minute traded 1.63 million shares. It opened at $2.47, ranged from $2.01 to $2.92 and closed at $2.91. At 11:42 it hit $3.21, with 1.40 million shares traded.
The top at $3.47
It did not hold $3.21. At 11:43 it fell to $2.69. At 11:45 it swung from $3.10 to $2.42. Sell sweeps hit at 11:45:56 and 11:45:57, 40,644 and 45,583 shares, taking it down toward $2.62.
At 11:46 it found $2.49. At 11:47:36 and 11:47:37, two buy sweeps of 45,097 and 54,937 shares pushed it from $3.02 to $3.26 in a second. The high of the day was $3.47 in the 11:47 minute. It closed that minute at $3.29.
A 5,000-share buy at 11:47:37 would have averaged $3.07 against $3.05 on screen, $122 more. By 11:48 it traded as low as $3.13.
The third halt and the wall at $3.30
At 11:50:06 it was halted a third time, this time for news pending. The last bar closed at $3.33. No trades appear after that. The regular session ended with 12.82 million shares traded, about 384 times its normal volume. Normal volume is only about 33,000 shares a day.
The book still moved during the halt. From 12:21:04, someone offered stock at exactly $3.30. It peaked at 107,366 shares at 12:28:35, and was pulled at 12:35:01. Then a wall of about 100,000 shares showed at $3.17 from 12:35:12 until 1:05:48 p.m. Later walls appeared at $3.10, $3.31 and $3.40, the biggest being 130,307 shares at $3.40.
After the close
At 5:45 p.m., Business Wire ran: “Paradium.AI Signs 10-Year Strategic Platform Agreement with Roundtable (Nasdaq: RTB)”. It came about six hours after the news-pending halt.
What to take from it
- A halt can reopen higher than it stopped. The first halt stopped at $1.81 and reopened at $2.05.
- Reopens can be thin. One reopen cost nothing over the screen. One second after the second reopen, a 5,000-share buy cost $168 more.
- A stock can be quiet for hours and then move in minutes. PAAI sat near $0.95 until 11:04, then reached $3.47 by 11:47.
Why it ran
News and SEC filings for PAAI published between the previous session's close and the first minute PAAI traded 20% above it, at 11:04 a.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 5.2% at 0.9463, then ran from the open to the high of 3.47 in 137 minutes through two halts.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 8:05 a.m. | Pre-market high, 0.9790 | |
| 9:30 a.m. | The open: 0.9463, up 5.2% from the previous close | |
| 11:04 a.m. | First trade 20% above the previous close of 0.8999 | |
| 11:25 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 11:35 a.m. | |
| 11:36 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 11:41 a.m. | |
| 11:47 a.m. | High of the day to the close, 3.47 | |
| 11:50 a.m. | Last trade before the 4:00 p.m. close, 3.33, 4.0% below the high | |
| 11:50 a.m. | Halted: News pending |
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: 862 shares before the 9:30 a.m. open (0%), 101 in the first 30 minutes (0%), and 12.82 million in the rest of the day to 8 p.m. (100%).
- The halt at 11:25 a.m.: up 49.6% in the 5 minutes into it, reopened at 2.05, up 13.3% from the last trade before it, then up 20.0% over the next 5 minutes.
- The halt at 11:36 a.m.: up 35.9% in the 5 minutes into it, reopened at 2.47, up 0.4% from the last trade before it, then up 3.6% over the next 5 minutes.
- The halt at 11:50 a.m.: up 30.1% in the 5 minutes into it.
- Other days PAAI met the small-cap rule in our recaps: 2, the latest on September 22, 2026.
Halts
| Halted | Resumed | Length | Reason in the feed |
|---|---|---|---|
| 11:25 a.m. | 11:35 a.m. | 10 min 0 s | LULD pause (limit up-limit down) |
| 11:36 a.m. | 11:41 a.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 11:50 a.m. | did not resume that day | News pending |
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 PAAI on September 17, 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.