Hindsight Markets Recaps Small-cap stocks on September 16, 2026
DAIC, September 16: a DEFA14A and an after-hours run to $4.40
DAIC barely moved in the regular session after a DEFA14A, then ran to $4.40 after the close.
What happened
Before the open
The news came first: a DEFA14A at 5:24 p.m. Before the bell it reached $2.37, on 4K shares.
The open
It opened near its previous close, at $2.24.
The close
It closed at $2.00, 16% under its high. After the close it ran to $4.40 by 6:22 p.m.
What to take from it: The day's real move came after the 4 p.m. close, not in the regular session.
The details
How it traded, step by step
After-hours run. It opened up 2.8% at $2.24 and traded at $2.00 at the 4:00 p.m. close, then ran 120.0% from $2.00 to $4.40 at 6:22 p.m. after the close, on 6.54 million shares traded after hours.
| Time (ET) | What happened |
|---|---|
| 4:00 a.m. | Pre-market high, $2.37 |
| 4:00 a.m. | High of the day to the close, $2.37 |
| 9:30 a.m. | The open: $2.24, up 2.8% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $2.00, 15.6% below the high |
| 5:23 p.m. | SEC filing 8-K: CURRENT REPORT |
| 5:24 p.m. | SEC filing DEFA14A: CURRENT REPORT |
| 5:30 p.m. | First trade 20% above the previous close of $2.18 |
| 5:37 p.m. | Volume since 4:00 a.m. passes the whole float, 853,881 shares |
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
- $2.18
- Open, 9:30 a.m.
- $2.24
- Gap at the open
- +2.8%
- Pre-market high
- $2.37 at 4:00 a.m.
- High, 4 a.m. to 4 p.m.
- $2.37 at 4:00 a.m.
- Low, 4 a.m. to 4 p.m.
- $2.00
- Close, 4 p.m.
- $2.00
- Change at 4 p.m.
- −8.3%
- After-hours high, 4 p.m. to 8 p.m.
- $4.40 at 6:22 p.m.
- Volume, 4 a.m. to 4 p.m.
- 72,276
- Volume after hours, 4 p.m. to 8 p.m.
- 6.54 million
- Relative volume by 8 p.m.
- 0.9×
- Float
- 853,881 shares, from filings as of September 16, 2026
- Shares outstanding
- 1.21 million
- From news to the move: the first trade 20% above the previous close came 5 minutes after the latest SEC filing before it (DEFA14A, 5:24 p.m.).
- Volume, from the one-minute bars: 3,785 shares before the 9:30 a.m. open (0%), 30,046 in the first 30 minutes (0%), and 6.58 million in the rest of the day to 8 p.m. (99%).
- Float rotation, the volume since 4 a.m. against the float of 853,881 shares: past it once at 5:37 p.m., twice at 5:44 p.m., three times at 5:56 p.m.
- Other days DAIC met the small-cap rule in our recaps: 6, the latest on October 12, 2026.
- The next session, September 17, 2026, it was up 164.7% 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 DAIC 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 DAIC on September 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.