Hindsight Markets Recaps Small-cap stocks on September 17, 2026
LSTA, September 17: a halt from 7:55 to 9:55, a $2.67 spike, and a fade to $1.74
LSTA opened up 70% after an 8-K, then faded below its open by the close.
News via Stock News API
What happened
Draft for review. Not published.
Halted on deal news
LSTA closed at $1.47 the day before. At 7:55 it was halted, news pending. At 9:26 the news came out: Lisata was buying Marea Therapeutics and raising $225 million in a private placement.
Trading resumed at 9:55:00. The first trade was a 21K-share print at $2.50, 70% above the prior close.
Stop It's 9:55. LSTA's first trade after a two-hour news halt is $2.50. The previous close was $1.47. Would you buy here?
Press play: the real Level 2, tape and chart run from 9:52 a.m. and stop at 9:55 a.m. ET for your call.
Top in the first minute
That first minute held the day's high. It ran to $2.67, then fell to $1.74 in the same minute.
Four minutes later, at 9:59, it hit $1.50, the low of the day.
Lower high, quiet close
The next push stopped well short of the top. It reached $1.95 at 11:32. At 11:34 a 10K-share sell order swept it from $1.90 to $1.80. It closed at $1.74. About 1.23M shares traded in the regular session, roughly 6 times normal.
What to take from it: On this day, the reopen after the news halt was the top: $2.67 in the first minute, $1.50 four minutes later.
Replay LSTA's day
It starts at 11:12 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 11:15 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 and fade. It gapped up 70.1% to $2.50 at the open and traded below the open by 4:00 p.m., at $1.75.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 9:26 a.m. | News (GlobeNewsWire): Lisata Therapeutics Announces Acquisition of Marea Therapeutics and $225 Million Concurrent Private Placement | |
| 9:27 a.m. | SEC filing 8-K: 8-K | |
| 9:55 a.m. | First trade 20% above the previous close of $1.47 | |
| 9:55 a.m. | The open: $2.50, up 70.1% from the previous close | |
| 9:55 a.m. | High of the day to the close, $2.67 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.75, 34.5% 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
- $1.47
- Open, 9:30 a.m.
- $2.50
- Gap at the open
- +70.1%
- Pre-market high
- not available
- High, 4 a.m. to 4 p.m.
- $2.67 at 9:55 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.50
- Close, 4 p.m.
- $1.75
- Change at 4 p.m.
- +19.0%
- After-hours high, 4 p.m. to 8 p.m.
- $1.79 at 5:59 p.m.
- Volume, 4 a.m. to 4 p.m.
- 1.23 million
- Volume after hours, 4 p.m. to 8 p.m.
- 15,419
- Relative volume by 8 p.m.
- 6.2×
- Float
- 7.92 million shares, from filings as of September 17, 2026
- Shares outstanding
- 9.01 million
- From news to the move: the first trade 20% above the previous close came 27 minutes after the latest SEC filing before it (8-K, 9:27 a.m.).
- Volume, from the one-minute bars: 0 shares before the 9:30 a.m. open (0%), 268,961 in the first 30 minutes (22%), and 978,052 in the rest of the day to 8 p.m. (78%).
- Other days LSTA met the small-cap rule in our recaps: 1, the latest on August 21, 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 (1)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed | Watch it |
|---|---|---|---|---|---|---|---|
| 7:55 a.m. | 9:55 a.m. | 120 min 0 s | $2.50 | down 37.2% | News pending |
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 LSTA 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.