Hindsight Markets Recaps Small-cap stocks on September 22, 2026
CWD, September 22: three halts and a wall at $1.00
CWD opened near its previous close, then ran to $1.07 through three halts during the session.
What happened
Draft for review. Not published.
No news, fast run
CWD had no news headline, yet it ran from a $0.55 open through three halts that morning.
The $1.03 bid vanished
The second halt froze it at $1.03 with a 408K-share bid underneath. It reopened at 9:54:19 at $0.97, 6% lower. The bid was pulled a second later. Only 7,050 shares traded against it.
The wall at $1.00
After a third halt at 10:02:56, it reopened at 10:07:56 at $0.93. Just above, 111K shares were offered at $1.00.
Stop It's 10:08. CWD is at $0.98. It reopened from its third halt a few seconds ago at $0.93. About 110,000 shares are offered at $1.00, just above. Would you buy here?
Press play: the real Level 2, tape and chart run from 10:05 a.m. and stop at 10:08 a.m. ET for your call.
Buyers ate the wall. At 10:08:45, 46,983 shares traded at $1.00 in under a second, and it was gone. The high of the day, $1.07, came that minute.
Lower highs to the close
The top did not hold. It fell to $0.75 by 10:15. A bounce at 10:20 stopped at $0.84. It closed at $0.72, 33% below the high.
What to take from it: The $1.00 wall broke in under a second, but the top it made lasted only minutes.
Replay CWD's day
It starts at 9:31 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 9:34 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
Intraday run. It opened up 6.5% at $0.5526, then ran from the open to the high of $1.07 in 38 minutes through 3 halts.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 9:19 a.m. | Pre-market high, $0.5777 | |
| 9:30 a.m. | The open: $0.5526, up 6.5% from the previous close | |
| 9:37 a.m. | First trade 20% above the previous close of $0.519 | |
| 10:08 a.m. | Volume since 4:00 a.m. passes the whole float, 10.17 million shares | |
| 10:08 a.m. | High of the day to the close, $1.07 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $0.717, 33.0% 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
- $0.519
- Open, 9:30 a.m.
- $0.5526
- Gap at the open
- +6.5%
- Pre-market high
- $0.5777 at 9:19 a.m.
- High, 4 a.m. to 4 p.m.
- $1.07 at 10:08 a.m.
- Low, 4 a.m. to 4 p.m.
- $0.4948
- Close, 4 p.m.
- $0.717
- Change at 4 p.m.
- +38.2%
- After-hours high, 4 p.m. to 8 p.m.
- $0.817 at 5:13 p.m.
- Volume, 4 a.m. to 4 p.m.
- 30.43 million
- Volume after hours, 4 p.m. to 8 p.m.
- 1.18 million
- Relative volume by 8 p.m.
- 469.6×
- Float
- 10.17 million shares, from filings as of September 22, 2026
- Shares outstanding
- 10.38 million
- Volume, from the one-minute bars: 41,091 shares before the 9:30 a.m. open (0%), 7.06 million in the first 30 minutes (22%), and 24.51 million in the rest of the day to 8 p.m. (78%).
- Float rotation, the volume since 4 a.m. against the float of 10.17 million shares: past it once at 10:08 a.m., twice at 10:39 a.m., three times at 4:02 p.m.
- In our recaps, this is the only day CWD met the small-cap rule.
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 (3)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed | Watch it |
|---|---|---|---|---|---|---|---|
| 9:43 a.m. | 9:48 a.m. | 5 min 0 s | up 29.6% | $0.881, up 0.1% | up 16.9% | LULD pause (limit up-limit down) | |
| 9:49 a.m. | 9:54 a.m. | 5 min 0 s | up 17.0% | $0.97, down 5.8% | down 20.9% | LULD pause (limit up-limit down) | |
| 10:02 a.m. | 10:07 a.m. | 5 min 0 s | up 16.0% | $0.9328, down 5.8% | down 10.0% | 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 CWD on September 22, 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.