Hindsight Markets Recaps Small-cap stocks on September 2, 2026
BIAF, September 2: a 584,227-share float, a bid at $8.70, and $11.75
BIAF opened up 16%, ran to $11.75, then gave back some of the run by the close.
What happened
Draft for review. Not published.
A fast open
BIAF came in hot after the prior day's news. It opened at $7.67 on a 584K-share float. By 9:38 it hit $10.18.
Stop It's 9:52. BIAF is at $10.25. Since 9:48 it has traded between $9.81 and $10.42, and it first traded through $10 at 9:38. Would you buy here?
Press play: the real Level 2, tape and chart run from 9:49 a.m. and stop at 9:52 a.m. ET for your call.
It ran to $11.42 the next minute. The Benzinga headline came at 10:13, after the top of that run.
The $8.70 bid
Here a big bid was pulled, not filled. A 52K-share bid sat at $8.70 for about an hour. It was pulled at 11:22:46 without trading there. A new bid appeared at $9.00.
Stop It's 11:51. BIAF is at $10.19. Since 11:38 it has traded between $9.74 and $10.37, and a bid wall (31,429 shares at its peak) sits at $9.00. Would you buy here?
Press play: the real Level 2, tape and chart run from 11:48 a.m. and stop at 11:51 a.m. ET for your call.
A 66K-share buy sweep pushed it to $11.10 that minute. The $9.00 bid was pulled at 11:53:13.
After noon
Stop It's 12:51. BIAF is at $11.31. It ran from $10.36 at 12:39, and the high of the day so far is $11.72, set at 12:11. Would you buy here?
Press play: the real Level 2, tape and chart run from 12:48 p.m. and stop at 12:51 p.m. ET for your call.
That minute printed $11.75, the day's high. Within three minutes it was back at $10.75. It closed at $9.77.
What to take from it: On this day, the big bids under the price were pulled, never filled.
Replay BIAF's day
It starts at 9:15 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 9:18 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
Gap, run, gave some back. It gapped up 16.4% to $7.67 at the open, ran from the open to the high of $11.75 in 201 minutes, then gave back 49% of that move by 4:00 p.m., trading at $9.77, still above the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 9:24 a.m. | Pre-market high, $7.84 | |
| 9:30 a.m. | First trade 20% above the previous close of $6.59 | |
| 9:30 a.m. | The open: $7.67, up 16.4% from the previous close | |
| 9:32 a.m. | Volume since 4:00 a.m. passes the whole float, 584,227 shares | |
| 12:51 p.m. | High of the day to the close, $11.75 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $9.77, 16.9% 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
- $6.59
- Open, 9:30 a.m.
- $7.67
- Gap at the open
- +16.4%
- Pre-market high
- $7.84 at 9:24 a.m.
- High, 4 a.m. to 4 p.m.
- $11.75 at 12:51 p.m.
- Low, 4 a.m. to 4 p.m.
- $6.33
- Close, 4 p.m.
- $9.77
- Change at 4 p.m.
- +48.3%
- After-hours high, 4 p.m. to 8 p.m.
- $10.69 at 4:55 p.m.
- Volume, 4 a.m. to 4 p.m.
- 17.19 million
- Volume after hours, 4 p.m. to 8 p.m.
- 615,236
- Relative volume by 8 p.m.
- 14.2×
- Float
- 584,227 shares, from filings as of September 2, 2026
- Shares outstanding
- 592,327
- Volume, from the one-minute bars: 363,851 shares before the 9:30 a.m. open (2%), 4.84 million in the first 30 minutes (27%), and 12.61 million in the rest of the day to 8 p.m. (71%).
- Float rotation, the volume since 4 a.m. against the float of 584,227 shares: past it once at 9:32 a.m., twice at 9:35 a.m., three times at 9:38 a.m.
- Other days BIAF met the small-cap rule in our recaps: 7, the latest on October 8, 2026.
- The next session, September 3, 2026, it gapped up 35.5% at 9:30 a.m.
On the day's lists: the gainers, intraday runners. It is here because it met the small-cap rule on the gainers: price $2 to $20, up 10% or more, relative volume 5× or more, float under 20 million shares, 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 BIAF 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 BIAF on September 2, 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.