Hindsight Markets Recaps Small-cap stocks on October 16, 2026
IAM, October 16: a run to $25.00
IAM opened near its previous close, then ran to $25.00 during the session.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $20.65, on 33K shares.
The open
It opened near its previous close, at $19.31. It ran to $25.00 by 1:04 p.m.
The close
It closed at $23.35, 7% under its high.
What to take from it: The move came during the session, not at the open.
The details
How it traded, step by step
Intraday run. It opened up 2.1% at $19.31, then ran from the open to the high of $25.00 in 214 minutes.
| Time (ET) | What happened |
|---|---|
| 4:33 a.m. | Pre-market high, $20.65 |
| 9:30 a.m. | The open: $19.31, up 2.1% from the previous close |
| 10:31 a.m. | First trade 20% above the previous close of $18.91 |
| 1:04 p.m. | High of the day to the close, $25.00 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $23.35, 6.6% below the high |
The shape's name comes from a fixed rule, not a judgement (how shapes are named). Halts are in the halt table below.
The day in numbers
- Previous close
- $18.91
- Open, 9:30 a.m.
- $19.31
- Gap at the open
- +2.1%
- Pre-market high
- $20.65 at 4:33 a.m.
- High, 4 a.m. to 4 p.m.
- $25.00 at 1:04 p.m.
- Low, 4 a.m. to 4 p.m.
- $18.92
- Close, 4 p.m.
- $23.35
- Change at 4 p.m.
- +23.5%
- After-hours high, 4 p.m. to 8 p.m.
- $24.20 at 7:34 p.m.
- Volume, 4 a.m. to 4 p.m.
- 1.37 million
- Volume after hours, 4 p.m. to 8 p.m.
- 183,176
- Relative volume by 8 p.m.
- 24.2×
- Float
- 9.38 million shares, from filings as of October 16, 2026
- Shares outstanding
- 47.40 million
- Volume, from the one-minute bars: 33,447 shares before the 9:30 a.m. open (2%), 196,138 in the first 30 minutes (13%), and 1.32 million in the rest of the day to 8 p.m. (85%).
- In our recaps, this is the only day IAM met the small-cap rule.
- The next session, October 19, 2026, it was down 30.1% from its previous close at the 4:00 p.m. close.
On the day's lists: the intraday runners. It is here because it was in play on the intraday runners: up 30% or more on $3 million or more really traded, outside the small-cap rule's price, relative volume or float, its high reached $1 or more and it started the day at $20 or under (the rule every page uses).
Halts (none)
The exchange's halt feed shows no halts for IAM that day.
Halt bands that day: the LULD plan's Amendment 18 rules (what that means, LULD calculator).
How we read the data, name a day's shape and pick the stocks: methodology.
Trade this day
Replay IAM on October 16, 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.