Hindsight Markets Small-cap stocks on September 18, 2026
TCRT on September 18, 2026: why it ran
On September 18, 2026, TCRT opened up 0.0% from the previous close of 1.57 and reached 3.14 at 5:03 a.m. ET. The exchange did not halt it.
- Previous close
- 1.57
- Open, 9:30 a.m.
- 1.57
- Gap at the open
- up 0.0%
- Pre-market high
- 3.14 at 5:03 a.m.
- High, 4 a.m. to 4 p.m.
- 3.14 at 5:03 a.m.
- Low, 4 a.m. to 4 p.m.
- 1.02
- After-hours high, 4 p.m. to 8 p.m.
- 1.40 at 5:43 p.m.
- Last trade before 4:00 p.m.
- 1.20
- Volume
- 18.01 million
- Relative volume
- 40.4x
- Float
- 2.40 million shares, from filings as of September 18, 2026
- Shares outstanding
- 2.54 million
- Halts
- none in the halt feed
Replay TCRT's day
It starts at 3:46 p.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 3:49 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: pre-market
- Catalyst: news
- Float traded 7x
- Wall break
- Lower high
- Faded after the open
The day before
On September 17, TCRT ran from $1.28 to $2.71. It gave most of it back and closed at $1.57.
After hours it traded back up to $2.06. So it came into the 18th already well above the close.
Pre-market: the float traded by 4:50 a.m.
The first trade on the 18th was $1.99, already above the $1.57 close. It slipped to $1.84 within two minutes and then spent a long stretch around $1.90 to $1.95 on thin volume.
At 4:25 a.m. Benzinga ran: “Why Alaunos Therapeutics Shares Are Trading Higher By Around 22%; Here Are 20 Stocks Moving Premarket”. The stock was at $1.97 that minute. It stayed near $1.95 for another ten minutes.
The move began at 4:36 a.m. That minute it went from $2.00 to $2.17 on 114,374 shares. From there it climbed steadily. By 4:50 a.m., more shares had traded than exist in the whole float (2.40 million).
From $1.92 at 4:24 a.m. it ran to $2.73 at 4:52 a.m., up 42%. Then it pulled back to $2.35 by 4:56.
The wall at $2.77
Someone started offering stock at exactly $2.77 at 4:42 a.m. By 4:46 there were 47,442 shares for sale at $2.77, about 2% of the float. It stayed there while the stock worked around it. At 4:56 the stock was back at $2.35, and from then it climbed toward the wall again.
Stop It's 4:59 a.m. TCRT is at $2.52. Just above, a large ask wall has been sitting at $2.77 since 4:42. The stock has already traded more than its float. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 4:59 a.m. ET for your call, then show what happened. The clip starts at 4:56 a.m. ET.
Here's what happened. At 5:00:28 a buy order of 49,124 shares went through eight price levels, from $2.70 to $2.77. In four seconds, 26,714 shares traded at exactly $2.77 and the wall was gone. It was eaten at 5:00:32.
$3.14, then the fade
The move kept going. At 5:02:48 another buy order went through nine levels, from $2.95 to $3.03. The high so far was $3.14, at 5:03 a.m.
Then it fell to $2.23 at 5:18 a.m., down 29% from $3.14. A 31,895-share sell order at 5:12 had gone through five levels, from $2.57 to $2.53, on the way.
It came back once more. At 5:33 a.m. it pushed to $2.64, a lower high under the $3.14 top. By 6:00 it was at $2.19.
Two more walls came and went. An ask wall of 50,661 shares at $2.81 appeared at 6:17 a.m. and was pulled at 6:23. A bid wall of 40,693 shares at $2.28 appeared at 7:39 and was pulled at 7:51. At 7:51:53, 11,231 shares traded at exactly $2.28.
9:00: the bid wall at $1.79
From 7:00 a.m. on, someone was bidding for a lot of stock at exactly $1.79. It peaked at 50,768 shares at 7:00 a.m., about 2% of the float. The stock was trading around $2.23 to $2.29 at the time, more than 40 cents above it.
Stop It's 9:00 a.m. TCRT is at $2.33. It reached $3.14 in pre-market. About 50,000 shares are bid at $1.79, far below the price. Would you hold or buy here?
Press play: the real Level 2, time and sales and chart stop at 9:00 a.m. ET for your call, then show what happened. The clip starts at 8:57 a.m. ET.
At 9:00 GlobeNewsWire ran: “Alaunos Therapeutics, Inc. Announces Pricing of Registered Direct Offering priced at-the-market under Nasdaq rules”. The same minute the stock dropped. At 9:00:46 a sell order of 57,932 shares went through nine levels, from $2.31 to $2.23. The next second another 70,203 shares sold from $2.21 to $2.07.
Trading at $1.79 began at 9:00:51. In 1.3 seconds, 50,870 shares traded at exactly $1.79 and the wall was gone. It wasn't pulled. Sellers hit it. A single 23,310-share print at $1.79 came at 9:00:52.
The 9:00 minute went from $2.33 to a low of $1.55 on 582,193 shares. It closed that minute at $1.57, the same as the previous close.
The open and the close
It opened at $1.57, the same as the previous close. A 38,506-share print at $1.60 came one second into the session. By 9:36 it was at $1.30.
It kept fading: $1.02 at 11:47 a.m., the low of the day, then back up to $1.27 by 1:42 p.m., down to $1.15 at 3:49 and $1.22 at the close. After hours it traded as high as $1.40.
The regular session (9:30 to 4:00) traded 2.13 million shares. For the whole day, 18.01 million shares traded: the float changed hands more than 7 times, at about 40 times its normal volume. Most of that was before the bell.
What to take from it
- A big ask wall can be a level the stock trades through. The $2.77 wall was eaten in four seconds. A 5,000-share buy right after it filled $32 worse than the screen.
- After the top, the next push stopped lower. $3.14 at 5:03 a.m., then $2.64 at 5:33 a.m.
- Most of the day's volume came before the open, and most of the move was gone by the close. It closed at $1.22, 61% below the $3.14 high.
Why it ran
News and SEC filings for TCRT published between the previous session's close and the first minute TCRT 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
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:00 a.m. | First trade 20% above the previous close of 1.57 | |
| 4:50 a.m. | Volume since 4:00 a.m. passes the whole float, 2.40 million shares | |
| 5:03 a.m. | Pre-market high, 3.14 | |
| 5:03 a.m. | High of the day to the close, 3.14 | |
| 9:30 a.m. | The open: 1.57, up 0.0% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 1.20, 61.8% 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: 15.65 million shares before the 9:30 a.m. open (87%), 755,030 in the first 30 minutes (4%), and 1.60 million in the rest of the day to 8 p.m. (9%).
- Float rotation, the volume since 4 a.m. against the float of 2.40 million shares: past it once at 4:50 a.m., twice at 5:01 a.m., three times at 5:13 a.m.
- Other days TCRT met the small-cap rule in our recaps: 1, the latest on September 17, 2026.
Halts
The exchange's halt feed shows no halts for TCRT that day.
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 TCRT on September 18, 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.