Hindsight Markets Recaps Small-cap stocks on September 29, 2026
SANG, September 29: news and a gap that held
SANG opened up 38% after news and held near that level into the close.
News via Stock News API
What happened
Before the open
The news came first: news at 5:48 p.m. the day before. Before the bell it reached $5.05, on 884K shares.
The open
It opened up 38%, at $4.95.
The close
It closed at $4.92, near its high.
What to take from it: The gap was the move. After the open it went sideways.
The details
How it traded, step by step
Gap and hold. It gapped up 37.9% to $4.95 at the open and held near or above it, trading at $4.92 at 4:00 p.m.
| Time (ET) | What happened |
|---|---|
| Sep 28, 5:00 p.m. | News (Business Wire): Sangoma Announces Fourth Quarter Fiscal 2026 Results |
| Sep 28, 5:46 p.m. | News (PRNewsWire): BRC Group Holdings, Inc. Agrees to Acquire Sangoma Technologies Corporation to Scale Communications Portfolio |
| Sep 28, 5:48 p.m. | News (Business Wire): Sangoma Technologies Corporation Enters into Definitive Agreement to be Acquired by BRC Group Holdings, Inc. |
| 4:00 a.m. | First trade 20% above the previous close of $3.59 |
| 7:59 a.m. | Pre-market high, $5.05 |
| 7:59 a.m. | High of the day to the close, $5.05 |
| 9:30 a.m. | The open: $4.95, up 37.9% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $4.92, 2.7% 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
- $3.59
- Open, 9:30 a.m.
- $4.95
- Gap at the open
- +37.9%
- Pre-market high
- $5.05 at 7:59 a.m.
- High, 4 a.m. to 4 p.m.
- $5.05 at 7:59 a.m.
- Low, 4 a.m. to 4 p.m.
- $4.71
- Close, 4 p.m.
- $4.92
- Change at 4 p.m.
- +36.9%
- After-hours high, 4 p.m. to 8 p.m.
- $5.08 at 5:00 p.m.
- Volume, 4 a.m. to 4 p.m.
- 1.91 million
- Volume after hours, 4 p.m. to 8 p.m.
- 22,574
- Relative volume by 8 p.m.
- 63.3×
- Float
- 24.26 million shares, from filings as of September 29, 2026
- Shares outstanding
- 33.34 million
- From news to the move: the first trade 20% above the previous close came 10 hours 12 minutes after the latest news item before it (Business Wire, Sep 28, 5:48 p.m.).
- Volume, from the one-minute bars: 883,614 shares before the 9:30 a.m. open (46%), 248,384 in the first 30 minutes (13%), and 804,058 in the rest of the day to 8 p.m. (42%).
- In our recaps, this is the only day SANG 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 (none)
The exchange's halt feed shows no halts for SANG 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 SANG on September 29, 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.