Hindsight Markets Recaps Small-cap stocks on September 24, 2026
WETO, September 24: a gap that faded
WETO opened up 38%, then faded below its open by the close.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $2.71, on 8.4M shares.
The open
It opened up 38%, at $2.02.
The close
It closed at $1.90, 30% under its high.
What to take from it: A big gap is not a trend. This one traded below its open by the close.
The details
How it traded, step by step
Gap and fade. It gapped up 38.4% to $2.02 at the open and traded below the open by 4:00 p.m., at $1.90.
| Time (ET) | What happened |
|---|---|
| 4:00 a.m. | First trade 20% above the previous close of $1.46 |
| 4:01 a.m. | Pre-market high, $2.71 |
| 4:01 a.m. | High of the day to the close, $2.71 |
| 4:05 a.m. | Volume since 4:00 a.m. passes the whole float, 914,205 shares |
| 9:30 a.m. | The open: $2.02, up 38.4% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.90, 30.1% 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
- $1.46
- Open, 9:30 a.m.
- $2.02
- Gap at the open
- +38.4%
- Pre-market high
- $2.71 at 4:01 a.m.
- High, 4 a.m. to 4 p.m.
- $2.71 at 4:01 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.73
- Close, 4 p.m.
- $1.90
- Change at 4 p.m.
- +29.8%
- After-hours high, 4 p.m. to 8 p.m.
- $1.95 at 6:23 p.m.
- Volume, 4 a.m. to 4 p.m.
- 12.91 million
- Volume after hours, 4 p.m. to 8 p.m.
- 408,266
- Relative volume by 8 p.m.
- 3.9×
- Float
- 914,205 shares, from filings as of September 24, 2026
- Shares outstanding
- 1.08 million
- Volume, from the one-minute bars: 8.41 million shares before the 9:30 a.m. open (63%), 1.59 million in the first 30 minutes (12%), and 3.31 million in the rest of the day to 8 p.m. (25%).
- Float rotation, the volume since 4 a.m. against the float of 914,205 shares: past it once at 4:05 a.m., twice at 4:17 a.m., three times at 4:34 a.m.
- Other days WETO met the small-cap rule in our recaps: 15, the latest on November 2, 2026.
On the day's lists: the pre-market gappers, intraday runners. It is here because it met the small-cap rule on the pre-market gappers: price $2 to $20, up 10% or more, relative volume 5× or more, float under 20 million shares, 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 WETO 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 WETO on September 24, 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.