Hindsight Markets Recaps Small-cap stocks on September 18, 2026
TCRT, September 18: the $2.77 wall, $3.14 at 5:03 a.m., and a 9:00 break
TCRT spiked to $3.14 before the open, then gave much of it back in the session.
What happened
Draft for review. Not published.
The $2.77 wall
The move began at 4:36 a.m., and by 4:50 more shares had traded than the whole float.
From 4:42 47K shares sat for sale at $2.77. The stock reached $2.73, slipped to $2.35, then climbed back.
Stop It's 4:59 a.m. TCRT is at $2.52. Just above, a large ask wall has been sitting at $2.77 since 4:42. The stock has already traded more than its float. Would you buy here?
Press play: the real Level 2, tape and chart run from 4:56 a.m. and stop at 4:59 a.m. ET for your call.
At 5:00:28 a buy order swept up to $2.77. The wall was eaten in four seconds.
$3.14, then $2.23
It hit $3.14 in the 5:03 minute. By 5:18 it was down to $2.23. From 7:00 a big bid sat at $1.79, far under the price.
Stop It's 9:00 a.m. TCRT is at $2.33. It reached $3.14 in pre-market. About 50,000 shares are bid at $1.79, far below the price. Would you hold or buy here?
Press play: the real Level 2, tape and chart run from 8:57 a.m. and stop at 9:00 a.m. ET for your call.
At 9:00 the company priced a share offering. Sellers swept the book, and the $1.79 bid was gone in 1.3 seconds. That minute it fell to $1.55.
The open and the close
It opened at $1.57, hit a low of $1.02 at 11:47 and closed at $1.22.
What to take from it: The $1.79 bid looked like support, but sellers ate it once the offering news hit.
Replay TCRT's day
It starts at 3:46 p.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 3:49 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
Pre-market spike. Before the open it spiked 100.0% from $1.57 to $3.14 at 5:03 a.m.. It opened up 0.0% at $1.57 and traded at $1.20 at 4:00 p.m.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:00 a.m. | First trade 20% above the previous close of $1.57 | |
| 4:50 a.m. | Volume since 4:00 a.m. passes the whole float, 2.40 million shares | |
| 5:03 a.m. | Pre-market high, $3.14 | |
| 5:03 a.m. | High of the day to the close, $3.14 | |
| 9:30 a.m. | The open: $1.57, up 0.0% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.20, 61.8% 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
- $1.57
- Open, 9:30 a.m.
- $1.57
- Gap at the open
- +0.0%
- Pre-market high
- $3.14 at 5:03 a.m.
- High, 4 a.m. to 4 p.m.
- $3.14 at 5:03 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.02
- Close, 4 p.m.
- $1.20
- Change at 4 p.m.
- −23.6%
- After-hours high, 4 p.m. to 8 p.m.
- $1.40 at 5:43 p.m.
- Volume, 4 a.m. to 4 p.m.
- 17.78 million
- Volume after hours, 4 p.m. to 8 p.m.
- 225,488
- Relative volume by 8 p.m.
- 40.4×
- Float
- 2.40 million shares, from filings as of September 18, 2026
- Shares outstanding
- 2.54 million
- Volume, from the one-minute bars: 15.65 million shares before the 9:30 a.m. open (87%), 755,030 in the first 30 minutes (4%), and 1.60 million in the rest of the day to 8 p.m. (9%).
- Float rotation, the volume since 4 a.m. against the float of 2.40 million shares: past it once at 4:50 a.m., twice at 5:01 a.m., three times at 5:13 a.m.
- Other days TCRT met the small-cap rule in our recaps: 6, the latest on October 19, 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 TCRT 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 TCRT on September 18, 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.