Hindsight Markets Recaps Small-cap stocks on September 22, 2026
SQFT, September 22: a Form 4 and an after-hours run to $2.34
SQFT barely moved in the regular session after a Form 4, then ran to $2.34 after the close.
What happened
Before the open
The news came first: a Form 4 at 4:51 p.m. Before the bell it reached $1.22, on 33 shares.
The open
It opened near its previous close, at $1.23.
The close
It closed at $1.23, near its high. After the close it ran to $2.34 by 4:59 p.m.
What to take from it: The day's real move came after the 4 p.m. close, not in the regular session.
The details
How it traded, step by step
After-hours run. It opened up 2.5% at $1.23 and traded at $1.23 at the 4:00 p.m. close, then ran 90.2% from $1.23 to $2.34 at 4:59 p.m. after the close, on 3.96 million shares traded after hours.
| Time (ET) | What happened |
|---|---|
| 8:57 a.m. | Pre-market high, $1.22 |
| 9:30 a.m. | The open: $1.23, up 2.5% from the previous close |
| 3:34 p.m. | High of the day to the close, $1.25 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.23, 1.6% below the high |
| 4:51 p.m. | SEC filing 4: FORM 4 |
| 4:54 p.m. | First trade 20% above the previous close of $1.20 |
| 4:58 p.m. | Volume since 4:00 a.m. passes the whole float, 869,740 shares |
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
- $1.20
- Open, 9:30 a.m.
- $1.23
- Gap at the open
- +2.5%
- Pre-market high
- $1.22 at 8:57 a.m.
- High, 4 a.m. to 4 p.m.
- $1.25 at 3:34 p.m.
- Low, 4 a.m. to 4 p.m.
- $1.20
- Close, 4 p.m.
- $1.23
- Change at 4 p.m.
- +2.5%
- After-hours high, 4 p.m. to 8 p.m.
- $2.34 at 4:59 p.m.
- Volume, 4 a.m. to 4 p.m.
- 2,685
- Volume after hours, 4 p.m. to 8 p.m.
- 3.96 million
- Relative volume by 8 p.m.
- 18.7×
- Float
- 869,740 shares, from filings as of September 22, 2026
- Shares outstanding
- 1.43 million
- From news to the move: the first trade 20% above the previous close came 2 minutes after the latest SEC filing before it (4, 4:51 p.m.).
- Volume, from the one-minute bars: 33 shares before the 9:30 a.m. open (0%), 1,035 in the first 30 minutes (0%), and 3.96 million in the rest of the day to 8 p.m. (100%).
- Float rotation, the volume since 4 a.m. against the float of 869,740 shares: past it once at 4:58 p.m., twice at 5:02 p.m., three times at 5:10 p.m.
- Other days SQFT met the small-cap rule in our recaps: 1, the latest on August 31, 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 SQFT 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 SQFT 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.