Hindsight Markets Recaps Small-cap stocks on September 1, 2026
FGL, September 1: seven halts, $23.33, and a 10,248-share float
FGL opened down 11%, then ran to $23.33 through seven halts during the session.
What happened
Draft for review. Not published.
A tiny float
With only 10,248 shares of float, FGL swung hard. It opened at $13.58, below the $15.20 prior close. At 9:32:38 a pause froze it at $15.44, the first of three early halts.
By 10:02 it had settled between $15.29 and $16.00.
Stop It's 10:03. FGL is at $15.71. Since 10:00 it has held between $15.29 and $16.00, after a spike to $17.49 at 9:56. The float is 10,248 shares. Would you buy here?
Press play: the real Level 2, tape and chart run from 10:00 a.m. and stop at 10:03 a.m. ET for your call.
Halts up to $23.33
It broke out. The 10:03 minute hit $17.49, and a 10:09:51 halt came at $18.50. It reopened at $21.00 and touched $23.33 at 10:20, then a fifth halt hit.
Stop It's 10:26. FGL is at $18.31. It reopened at 10:25:52 from the fifth halt and traded as low as $17.24. The high so far was $23.33, at 10:20. Would you buy the dip?
Press play: the real Level 2, tape and chart run from 10:23 a.m. and stop at 10:26 a.m. ET for your call.
Lower highs, weak close
The bounce failed. It spiked to $20.99, then halted again at 10:30:52 and fell to $15.55 after the reopen. The 3:59 p.m. minute ended at $16.51, 29% below the high.
What to take from it: On this tiny float, halt reopens filled far above the screen, and the high never came back.
Replay FGL's day
It starts at 9:24 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 9:27 a.m. and asks what you would do. Or press Play on any moment in How it traded.
The details
How it traded, step by step
Intraday run. It opened down 10.7% at $13.58, then ran from the open to the high of $23.33 in 50 minutes through 4 halts.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 9:00 a.m. | Pre-market high, $15.20 | |
| 9:30 a.m. | The open: $13.58, down 10.7% from the previous close | |
| 9:42 a.m. | Volume since 4:00 a.m. passes the whole float, 10,248 shares | |
| 10:09 a.m. | First trade 20% above the previous close of $15.20 | |
| 10:20 a.m. | High of the day to the close, $23.33 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $16.51, 29.2% 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
- $15.20
- Open, 9:30 a.m.
- $13.58
- Gap at the open
- −10.7%
- Pre-market high
- $15.20 at 9:00 a.m.
- High, 4 a.m. to 4 p.m.
- $23.33 at 10:20 a.m.
- Low, 4 a.m. to 4 p.m.
- $12.13
- Close, 4 p.m.
- $16.51
- Change at 4 p.m.
- +8.6%
- After-hours high, 4 p.m. to 8 p.m.
- $18.60 at 4:23 p.m.
- Volume, 4 a.m. to 4 p.m.
- 190,789
- Volume after hours, 4 p.m. to 8 p.m.
- 36,494
- Relative volume by 8 p.m.
- 3.5×
- Float
- 10,248 shares, from filings as of September 1, 2026
- Shares outstanding
- 11,457
- Volume, from the one-minute bars: 3,041 shares before the 9:30 a.m. open (1%), 25,853 in the first 30 minutes (11%), and 198,389 in the rest of the day to 8 p.m. (87%).
- Float rotation, the volume since 4 a.m. against the float of 10,248 shares: past it once at 9:42 a.m., twice at 9:49 a.m., three times at 10:03 a.m.
- Other days FGL met the small-cap rule in our recaps: 6, the latest on October 26, 2026.
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 (7)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed | Watch it |
|---|---|---|---|---|---|---|---|
| 3:04 a.m. | 9:00 a.m. | 355 min 11 s | $14.30 | down 9.4% | No reason given in the feed | ||
| 9:32 a.m. | 9:42 a.m. | 10 min 0 s | up 12.7% | $16.52, up 7.0% | down 5.0% | LULD pause (limit up-limit down) | |
| 9:44 a.m. | 9:49 a.m. | 5 min 0 s | up 1.6% | $14.99, down 4.5% | up 3.6% | LULD pause (limit up-limit down) | |
| 9:50 a.m. | 9:55 a.m. | 5 min 0 s | down 1.0% | $16.00, up 3.0% | down 0.2% | LULD pause (limit up-limit down) | |
| 10:09 a.m. | 10:19 a.m. | 10 min 1 s | up 9.1% | $21.00, up 13.5% | down 6.9% | LULD pause (limit up-limit down) | |
| 10:20 a.m. | 10:25 a.m. | 5 min 0 s | up 5.7% | $18.90, down 3.3% | down 0.7% | LULD pause (limit up-limit down) | |
| 10:30 a.m. | 10:35 a.m. | 5 min 0 s | down 6.8% | $17.00, down 0.4% | up 3.5% | LULD pause (limit up-limit down) |
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 FGL on September 1, 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.