Hindsight Markets Recaps Small-cap stocks on September 25, 2026
ELPW, September 25: a run to $4.88
ELPW opened near its previous close, then ran to $4.88 during the session.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $2.99, on 18K shares.
The open
It opened near its previous close, at $2.78. It ran to $4.88 by 12:21 p.m.
The close
It closed at $3.19, 35% under its high.
What to take from it: The move came during the session, not at the open.
The details
How it traded, step by step
Intraday run. It opened up 3.7% at $2.78, then ran from the open to the high of $4.88 in 171 minutes.
| Time (ET) | What happened |
|---|---|
| 4:09 a.m. | Pre-market high, $2.99 |
| 9:30 a.m. | The open: $2.78, up 3.7% from the previous close |
| 12:04 p.m. | First trade 20% above the previous close of $2.68 |
| 12:14 p.m. | Volume since 4:00 a.m. passes the whole float, 783,348 shares |
| 12:21 p.m. | High of the day to the close, $4.88 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $3.19, 34.6% 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
- $2.68
- Open, 9:30 a.m.
- $2.78
- Gap at the open
- +3.7%
- Pre-market high
- $2.99 at 4:09 a.m.
- High, 4 a.m. to 4 p.m.
- $4.88 at 12:21 p.m.
- Low, 4 a.m. to 4 p.m.
- $2.60
- Close, 4 p.m.
- $3.19
- Change at 4 p.m.
- +19.0%
- After-hours high, 4 p.m. to 8 p.m.
- $3.40 at 5:10 p.m.
- Volume, 4 a.m. to 4 p.m.
- 3.00 million
- Volume after hours, 4 p.m. to 8 p.m.
- 106,658
- Relative volume by 8 p.m.
- 113.2×
- Float
- 783,348 shares, from filings as of September 25, 2026
- Shares outstanding
- 783,504
- Volume, from the one-minute bars: 17,678 shares before the 9:30 a.m. open (1%), 2,069 in the first 30 minutes (0%), and 3.09 million in the rest of the day to 8 p.m. (99%).
- Float rotation, the volume since 4 a.m. against the float of 783,348 shares: past it once at 12:14 p.m., twice at 12:22 p.m., three times at 12:33 p.m.
- Other days ELPW met the small-cap rule in our recaps: 2, the latest on October 28, 2026.
On the day's lists: the gainers, intraday runners. It is here because it met the small-cap rule on the gainers: 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 ELPW 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 ELPW on September 25, 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.