Hindsight Markets Recaps Small-cap stocks on September 17, 2026
KXIN, September 17: a bid wall at $2.05, a 10:30 headline and $2.81
KXIN opened up 49%, ran to $2.81, then gave back most of the run by the close.
What happened
Draft for review. Not published.
A bid wall at 4 a.m.
KXIN started pre-market far above the prior $1.13 close. A big bid sat at $2.05, under the price.
Stop It's 4:04. KXIN is at $2.16. A big bid is stacked at $2.05, $0.11 below the price. Would you buy here?
Press play: the real Level 2, tape and chart run from 4:01 a.m. and stop at 4:04 a.m. ET for your call.
The wall was eaten, not pulled. About 63K shares traded at $2.05 in under 5 seconds, and it was gone.
Under $2
It opened at $1.68 and spent the first hour under $2.
Stop It's 10:23. KXIN is at $1.86. It has stayed under $1.90 since 10:05, and the high since the open is $1.95. Would you buy here?
Press play: the real Level 2, tape and chart run from 10:20 a.m. and stop at 10:23 a.m. ET for your call.
It broke out. A minute later it hit $2.26, then $2.39 at 10:30, as the Benzinga headline came out.
Stop It's 10:33. KXIN is at $2.28. A Benzinga headline about the surge came out three minutes ago, and the high since the open is $2.39. Would you buy here?
Press play: the real Level 2, tape and chart run from 10:30 a.m. and stop at 10:33 a.m. ET for your call.
The 10:33 minute was the day's biggest, at 1.1M shares. At 10:34 it hit $2.81, the high.
The fade
The top did not hold. It closed at $1.80, 36% below the high.
What to take from it: On this day the top came minutes after the headline, and most of the move was gone by the close.
Replay KXIN's day
It starts at 10:17 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 10:20 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 48.7% to $1.68 at the open, ran from the open to the high of $2.81 in 64 minutes, then gave back 89% of that move by 4:00 p.m., trading at $1.80, still above the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:00 a.m. | First trade 20% above the previous close of $1.13 | |
| 4:00 a.m. | Pre-market high, $2.61 | |
| 6:14 a.m. | Volume since 4:00 a.m. passes the whole float, 5.33 million shares | |
| 9:30 a.m. | The open: $1.68, up 48.7% from the previous close | |
| 10:34 a.m. | High of the day to the close, $2.81 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.80, 35.9% 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
- $1.13
- Open, 9:30 a.m.
- $1.68
- Gap at the open
- +48.7%
- Pre-market high
- $2.61 at 4:00 a.m.
- High, 4 a.m. to 4 p.m.
- $2.81 at 10:34 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.53
- Close, 4 p.m.
- $1.80
- Change at 4 p.m.
- +59.3%
- After-hours high, 4 p.m. to 8 p.m.
- $2.08 at 5:22 p.m.
- Volume, 4 a.m. to 4 p.m.
- 30.47 million
- Volume after hours, 4 p.m. to 8 p.m.
- 1.06 million
- Relative volume by 8 p.m.
- 32.3×
- Float
- 5.33 million shares, from filings as of September 17, 2026
- Shares outstanding
- 5.48 million
- Volume, from the one-minute bars: 9.67 million shares before the 9:30 a.m. open (31%), 1.65 million in the first 30 minutes (5%), and 20.20 million in the rest of the day to 8 p.m. (64%).
- Float rotation, the volume since 4 a.m. against the float of 5.33 million shares: past it once at 6:14 a.m., twice at 9:51 a.m., three times at 10:30 a.m.
- Other days KXIN met the small-cap rule in our recaps: 2, the latest on September 16, 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 KXIN 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 KXIN on September 17, 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.