Hindsight Markets Recaps Small-cap stocks on September 28, 2026
NAMI, September 28: a 9:00 headline, the $2.59 wall, and $2.83
NAMI opened up 54% after news, ran to $2.83, then fell below its open by the close.
News via Stock News API
What happened
Draft for review. Not published.
A 9:00 headline
The 9:00 Pearson headline woke a quiet stock. It ran from $1.60 to $2.77 in four minutes, and the whole float traded by 9:06.
The $2.59 wall
This day turned on an ask wall at $2.59 that peaked near 39K shares.
Stop It's 9:41. NAMI is at $2.53. An ask wall at $2.59 has been on the book since 9:35 and peaked near 39,000 shares. The stock has been testing it for six minutes. Would you buy here?
Press play: the real Level 2, tape and chart run from 9:38 a.m. and stop at 9:41 a.m. ET for your call.
At 9:41:30 buyers ate the wall, 47K shares in under a second. It hit $2.83 the next minute.
The slide to $1.84
It did not hold. It fell to $1.84 by 10:45, and big bids near $2.03 were pulled on the way down.
Stop It's 12:47. NAMI is at $2.33, up from $2.17 at 12:38. An ask wall at $2.50 has been on the book since 9:50 a.m. Would you buy here?
Press play: the real Level 2, tape and chart run from 12:44 p.m. and stop at 12:47 p.m. ET for your call.
It touched $2.50 that minute and stopped at the wall. It faded to end the session near $2.25.
What to take from it: The broken wall led to the high; the wall that held capped the next push.
Replay NAMI's day
It starts at 8:46 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 8:49 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
Gap, run and fade. It gapped up 54.1% to $2.45 at the open, ran from the open to the high of $2.83 in 12 minutes, then gave back 153% of that move by 4:00 p.m., trading at $2.25, below the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 9:00 a.m. | News (PRNewsWire): Pearson and Namibox Sign Strategic Cooperation Memorandum, Join Forces to Shape a New Global Learning and Education Landscape in the AI Era | |
| 9:00 a.m. | First trade 20% above the previous close of $1.59 | |
| 9:04 a.m. | Pre-market high, $2.77 | |
| 9:06 a.m. | Volume since 4:00 a.m. passes the whole float, 2.18 million shares | |
| 9:30 a.m. | The open: $2.45, up 54.1% from the previous close | |
| 9:42 a.m. | High of the day to the close, $2.83 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $2.25, 20.5% 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
- $1.59
- Open, 9:30 a.m.
- $2.45
- Gap at the open
- +54.1%
- Pre-market high
- $2.77 at 9:04 a.m.
- High, 4 a.m. to 4 p.m.
- $2.83 at 9:42 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.52
- Close, 4 p.m.
- $2.25
- Change at 4 p.m.
- +41.5%
- After-hours high, 4 p.m. to 8 p.m.
- $2.40 at 7:52 p.m.
- Volume, 4 a.m. to 4 p.m.
- 15.70 million
- Volume after hours, 4 p.m. to 8 p.m.
- 237,700
- Relative volume by 8 p.m.
- 15.4×
- Float
- 2.18 million shares, from filings as of September 28, 2026
- Shares outstanding
- 3.16 million
- From news to the move: the first trade 20% above the previous close came less than a minute after the latest news item before it (PRNewsWire, 9:00 a.m.).
- Volume, from the one-minute bars: 5.97 million shares before the 9:30 a.m. open (37%), 5.23 million in the first 30 minutes (33%), and 4.74 million in the rest of the day to 8 p.m. (30%).
- Float rotation, the volume since 4 a.m. against the float of 2.18 million shares: past it once at 9:06 a.m., twice at 9:15 a.m., three times at 9:32 a.m.
- Other days NAMI met the small-cap rule in our recaps: 4, the latest on September 16, 2026.
On the day's lists: the pre-market gappers, gainers, 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 NAMI 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 NAMI on September 28, 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.