Hindsight Markets Recaps Small-cap stocks on September 16, 2026
PDSB, September 16: a run to $1.06
PDSB opened up 11%, ran to $1.06, and held most of the move into the close.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $0.7081, on 5M shares.
The open
It opened up 11%, at $0.649. It ran to $1.06 by 3:40 p.m.
The close
It closed at $0.9814, 7% under its high.
What to take from it: A gap that holds above its open can keep going: this one held most of its move to the close.
The details
How it traded, step by step
Gap and go. It gapped up 10.9% to $0.649 at the open, ran from the open to the high of $1.06 in 370 minutes, and held most of the move into the close: it gave back 19% of it by 4:00 p.m.
| Time (ET) | What happened |
|---|---|
| 9:22 a.m. | First trade 20% above the previous close of $0.5853 |
| 9:23 a.m. | Pre-market high, $0.7081 |
| 9:30 a.m. | The open: $0.649, up 10.9% from the previous close |
| 3:40 p.m. | High of the day to the close, $1.06 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $0.9814, 7.4% 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
- $0.5853
- Open, 9:30 a.m.
- $0.649
- Gap at the open
- +10.9%
- Pre-market high
- $0.7081 at 9:23 a.m.
- High, 4 a.m. to 4 p.m.
- $1.06 at 3:40 p.m.
- Low, 4 a.m. to 4 p.m.
- $0.555
- Close, 4 p.m.
- $0.9814
- Change at 4 p.m.
- +67.7%
- After-hours high, 4 p.m. to 8 p.m.
- $0.9906 at 4:00 p.m.
- Volume, 4 a.m. to 4 p.m.
- 44.67 million
- Volume after hours, 4 p.m. to 8 p.m.
- 1.80 million
- Relative volume by 8 p.m.
- 3.2×
- Float
- 70.54 million shares, from filings as of September 16, 2026
- Shares outstanding
- 72.47 million
- Volume, from the one-minute bars: 4.99 million shares before the 9:30 a.m. open (11%), 3.05 million in the first 30 minutes (7%), and 38.43 million in the rest of the day to 8 p.m. (83%).
- Other days PDSB met the small-cap rule in our recaps: 4, the latest on October 27, 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 (none)
The exchange's halt feed shows no halts for PDSB 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 PDSB 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.