Hindsight Markets Recaps Small-cap stocks on September 16, 2026
JDZG, September 16: a wall at $4.15, two halts, and $6.05
JDZG opened near its previous close, then ran to $6.05 through two halts during the session.
What happened
Draft for review. Not published.
The wall at $4.15
On this day JDZG sat quiet near its $3.72 previous close, with a big ask resting at $4.15 since the open. That offer peaked at 173K shares, about 3% of the float. More offers sat just above it. At 12:30 heavy trading began.
Stop It's 12:35. JDZG is at $4.15. Right at the price, a very large ask wall has been sitting there since the open, and more offers are stacked just above it. Would you buy here?
Press play: the real Level 2, tape and chart run from 12:32 p.m. and stop at 12:35 p.m. ET for your call.
Buyers ate the wall. 60K shares traded at $4.15 in under a second. Then the walls above fell one by one, the last at 12:45:56.
The 12:47 halt
The push reached $4.60 and was paused at 12:47:36 for about 20 minutes.
Stop It's 1:07. JDZG last traded at $4.60 and has been halted for 20 minutes. Trading resumes in seconds. Would you buy the reopen?
Press play: the real Level 2, tape and chart run from 1:04 p.m. and stop at 1:07 p.m. ET for your call.
It reopened at 1:07:23 at $5.50. Within that minute it hit the day's high, $6.05.
The fall back
The top lasted seconds. It was back to $5.00 and halted again at 1:07:54. It reopened at $4.39, then touched $4.00. It closed near $4.25, 30% below the high.
What to take from it: On JDZG the wall broke cleanly, but the halt reopen came with a thin book that cost far more than the screen showed.
Replay JDZG's day
It starts at 12:32 p.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 12:35 p.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 up 0.0% at $3.72, then ran from the open to the high of $6.05 in 217 minutes through a halt.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 7:00 a.m. | Pre-market high, $3.72 | |
| 9:30 a.m. | The open: $3.72, up 0.0% from the previous close | |
| 12:47 p.m. | First trade 20% above the previous close of $3.72 | |
| 1:07 p.m. | High of the day to the close, $6.05 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $4.24, 29.9% 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
- $3.72
- Open, 9:30 a.m.
- $3.72
- Gap at the open
- +0.0%
- Pre-market high
- $3.72 at 7:00 a.m.
- High, 4 a.m. to 4 p.m.
- $6.05 at 1:07 p.m.
- Low, 4 a.m. to 4 p.m.
- $3.68
- Close, 4 p.m.
- $4.24
- Change at 4 p.m.
- +14.0%
- After-hours high, 4 p.m. to 8 p.m.
- $4.38 at 4:23 p.m.
- Volume, 4 a.m. to 4 p.m.
- 970,037
- Volume after hours, 4 p.m. to 8 p.m.
- 5,244
- Relative volume by 8 p.m.
- 4.4×
- Float
- 5.14 million shares, from filings as of September 16, 2026
- Shares outstanding
- 5.43 million
- Volume, from the one-minute bars: 133 shares before the 9:30 a.m. open (0%), 31,610 in the first 30 minutes (3%), and 943,538 in the rest of the day to 8 p.m. (97%).
- Other days JDZG met the small-cap rule in our recaps: 3, the latest on October 30, 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 (2)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed | Watch it |
|---|---|---|---|---|---|---|---|
| 12:47 p.m. | 1:07 p.m. | 19 min 47 s | up 10.0% | $5.50, up 19.6% | LULD pause (limit up-limit down) | ||
| 1:07 p.m. | 1:17 p.m. | 10 min 0 s | up 8.7% | $4.39, down 12.2% | down 3.9% | 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 JDZG 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.