Hindsight Markets Small-cap stocks on September 24, 2026
SPHL on September 24, 2026: why it ran
On September 24, 2026, SPHL opened up 31.9% from the previous close of 2.29 and reached 6.27 at 4:00 a.m. ET. The exchange did not halt it.
- Previous close
- 2.29
- Open, 9:30 a.m.
- 3.02
- Gap at the open
- up 31.9%
- Pre-market high
- 6.27 at 4:00 a.m.
- High, 4 a.m. to 4 p.m.
- 6.27 at 4:00 a.m.
- Low, 4 a.m. to 4 p.m.
- 2.30
- After-hours high, 4 p.m. to 8 p.m.
- 3.33 at 4:22 p.m.
- Last trade before 4:00 p.m.
- 3.16
- Volume
- 7.05 million
- Relative volume
- 1470.3x
- Float
- 1.24 million shares, from filings as of September 24, 2026
- Shares outstanding
- 12.26 million
- Halts
- none in the halt feed
Why it ran
News and SEC filings for SPHL published between the previous session's close and the first minute SPHL 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 31.9% to 3.02 at the open, ran from the open to the high of 3.63 in 4 minutes, then gave back 77% of that move by 4:00 p.m., trading at 3.16.
| Time (ET) | What happened |
|---|---|
| 4:00 a.m. | First trade 20% above the previous close of 2.29 |
| 4:00 a.m. | Pre-market high, 6.27 |
| 4:00 a.m. | High of the day to the close, 6.27 |
| 4:20 a.m. | Volume since 4:00 a.m. passes the whole float, 1.24 million shares |
| 9:30 a.m. | The open: 3.02, up 31.9% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 3.16, 49.6% 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: 5.53 million shares before the 9:30 a.m. open (78%), 758,871 in the first 30 minutes (11%), and 766,484 in the rest of the day to 8 p.m. (11%).
- Float rotation, the volume since 4 a.m. against the float of 1.24 million shares: past it once at 4:20 a.m., twice at 4:55 a.m., three times at 5:27 a.m.
- In our recaps, this is the only day SPHL met the small-cap rule.
Halts
The exchange's halt feed shows no halts for SPHL 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 SPHL on September 24, 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.