Hindsight Markets / Small-cap stocks on September 23, 2026

BENF on September 23, 2026: why it ran

Published October 9, 2026 · By Hindsight Markets

On September 23, 2026, BENF opened up 442.4% from the previous close of 0.5383 and reached 3.15 at 12:03 p.m. ET. The exchange halted it 39 times.

Previous close

0.5383

Open, 9:30 a.m.

2.92

Gap at the open

up 442.4%

Pre-market high

2.95 at 9:29 a.m.

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

3.15 at 12:03 p.m.

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

0.5100

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

3.39 at 4:00 p.m.

Last trade before 4:00 p.m.

2.87

Volume

129.13 million

Relative volume

33.1x

Float

1.10 million shares, from filings as of September 23, 2026

Shares outstanding

15.46 million

Halts

39

Why it ran

News and SEC filings for BENF published between the previous session's close and the first minute BENF traded 20% above it, at 7:30 a.m. ET, newest first, from the same feeds the replay shows.

1. 7:30 a.m. ET · GlobeNewsWire

   Beneficient Announces Strategy to Eliminate HCLP Debt and Heppner Equity Interests

News via Stock News API

How it traded

Gap and fade. It gapped up 442.4% to 2.92 at the open and traded below the open by 4:00 p.m., at 2.87.

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

• From news to the move: the first trade 20% above the previous close came less than a minute after the latest news item before it (GlobeNewsWire, 7:30 a.m.).
• Volume, from the one-minute bars: 78.15 million shares before the 9:30 a.m. open (61%), 3.61 million in the first 30 minutes (3%), and 47.36 million in the rest of the day to 8 p.m. (37%).
• Float rotation, the volume since 4 a.m. against the float of 1.10 million shares: past it once at 7:35 a.m., twice at 7:39 a.m., three times at 7:42 a.m.
• The halt at 9:30 a.m.: up 14.7% in the 5 minutes into it, reopened at 2.46, down 9.9% from the last trade before it, then down 6.1% over the next 5 minutes.
• The halt at 9:41 a.m.: down 15.4% in the 5 minutes into it, reopened at 2.15, down 6.9% from the last trade before it.
• The halt at 9:51 a.m.: down 13.4% in the 5 minutes into it, reopened at 1.93, down 3.5% from the last trade before it, then down 5.2% over the next 5 minutes.
• The halt at 9:57 a.m.: down 8.5% in the 5 minutes into it, reopened at 1.81, down 1.1% from the last trade before it.
• The halt at 10:02 a.m.: up 7.1% in the 5 minutes into it, reopened at 2.05, up 4.6% from the last trade before it, then down 7.3% over the next 5 minutes.
• The halt at 10:08 a.m.: down 3.1% in the 5 minutes into it, reopened at 1.75, down 7.9% from the last trade before it.
• The halt at 10:13 a.m.: down 15.8% in the 5 minutes into it, reopened at 1.55, down 3.1% from the last trade before it, then up 11.6% over the next 5 minutes.
• The halt at 10:22 a.m.: up 8.1% in the 5 minutes into it, reopened at 1.79, up 3.5% from the last trade before it.
• The halt at 10:27 a.m.: down 5.2% in the 5 minutes into it, reopened at 1.59, down 3.0% from the last trade before it, then up 18.2% over the next 5 minutes.
• The halt at 10:41 a.m.: up 8.0% in the 5 minutes into it, reopened at 2.04, up 0.5% from the last trade before it.
• The halt at 10:46 a.m.: down 6.9% in the 5 minutes into it, reopened at 1.79, down 5.3% from the last trade before it.
• The halt at 10:51 a.m.: down 13.2% in the 5 minutes into it, reopened at 1.50, down 8.5% from the last trade before it, then up 10.0% over the next 5 minutes.
• The halt at 10:57 a.m.: up 0.6% in the 5 minutes into it, reopened at 1.66, up 0.6% from the last trade before it, then up 8.4% over the next 5 minutes.
• The halt at 11:09 a.m.: up 13.2% in the 5 minutes into it, reopened at 1.98, up 0.5% from the last trade before it.
• The halt at 11:14 a.m.: down 7.1% in the 5 minutes into it, reopened at 1.78, down 2.7% from the last trade before it, then up 22.5% over the next 5 minutes.
• The halt at 11:24 a.m.: up 21.1% in the 5 minutes into it, reopened at 2.20, up 0.9% from the last trade before it.
• The halt at 11:29 a.m.: up 7.8% in the 5 minutes into it, reopened at 2.36, up 0.4% from the last trade before it, then up 12.3% over the next 5 minutes.
• The halt at 11:41 a.m.: down 6.9% in the 5 minutes into it, reopened at 2.65, up 9.5% from the last trade before it, then down 0.4% over the next 5 minutes.
• The halt at 11:53 a.m.: up 4.4% in the 5 minutes into it, reopened at 2.89, up 1.4% from the last trade before it.
• The halt at 11:58 a.m.: up 6.7% in the 5 minutes into it, reopened at 3.09, up 1.6% from the last trade before it, then down 4.9% over the next 5 minutes.
• The halt at 12:04 p.m.: down 3.3% in the 5 minutes into it, reopened at 2.24, down 23.8% from the last trade before it.
• The halt at 12:24 p.m.: down 28.9% in the 5 minutes into it, reopened at 1.90, down 9.1% from the last trade before it, then up 9.5% over the next 5 minutes.
• The halt at 12:35 p.m.: down 0.5% in the 5 minutes into it, reopened at 2.19, up 5.3% from the last trade before it, then up 11.0% over the next 5 minutes.
• The halt at 12:47 p.m.: up 16.8% in the 5 minutes into it, reopened at 2.50, up 2.9% from the last trade before it, then down 6.8% over the next 5 minutes.
• The halt at 12:54 p.m.: down 4.1% in the 5 minutes into it, reopened at 2.20, down 5.6% from the last trade before it, then up 3.2% over the next 5 minutes.
• The halt at 1:14 p.m.: up 9.7% in the 5 minutes into it, reopened at 2.40, down 3.2% from the last trade before it, then up 10.8% over the next 5 minutes.
• The halt at 1:22 p.m.: up 7.3% in the 5 minutes into it, reopened at 2.67, up 0.4% from the last trade before it, then up 8.6% over the next 5 minutes.
• The halt at 1:28 p.m.: up 9.0% in the 5 minutes into it, reopened at 2.70, down 6.9% from the last trade before it, then down 0.4% over the next 5 minutes.
• The halt at 1:36 p.m.: down 7.2% in the 5 minutes into it, reopened at 2.67, down 0.7% from the last trade before it, then up 6.0% over the next 5 minutes.
• The halt at 1:48 p.m.: down 5.0% in the 5 minutes into it, reopened at 2.55, down 4.5% from the last trade before it, then up 5.9% over the next 5 minutes.
• The halt at 1:54 p.m.: up 1.1% in the 5 minutes into it, reopened at 2.79, up 3.3% from the last trade before it, then down 7.5% over the next 5 minutes.
• The halt at 2:01 p.m.: down 4.4% in the 5 minutes into it, reopened at 2.55, down 1.2% from the last trade before it, then down 3.9% over the next 5 minutes.
• The halt at 2:07 p.m.: down 5.0% in the 5 minutes into it, reopened at 2.45, unchanged from the last trade before it, then up 6.1% over the next 5 minutes.
• The halt at 2:27 p.m.: down 3.8% in the 5 minutes into it, reopened at 2.50, unchanged from the last trade before it, then down 3.6% over the next 5 minutes.
• The halt at 2:38 p.m.: down 9.3% in the 5 minutes into it, reopened at 2.34, unchanged from the last trade before it, then down 5.1% over the next 5 minutes.
• The halt at 3:20 p.m.: down 8.2% in the 5 minutes into it, reopened at 2.12, unchanged from the last trade before it, then up 12.3% over the next 5 minutes.
• The halt at 3:28 p.m.: up 12.3% in the 5 minutes into it, reopened at 2.49, up 4.6% from the last trade before it.
• The halt at 3:33 p.m.: up 10.9% in the 5 minutes into it, reopened at 2.75, up 4.2% from the last trade before it, then down 9.1% over the next 5 minutes.
• The halt at 3:56 p.m.: up 15.7% in the 5 minutes into it, reopened at 2.90, up 1.0% from the last trade before it, then down 6.9% over the next 5 minutes.

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.