Hindsight Markets Recaps Small-cap stocks on September 29, 2026
SLND, September 29: a 7:00 headline, a $0.95 wall, and $1.05
SLND opened up 51% after news, then faded below its open by the close.
News via Stock News API
What happened
Draft for review. Not published.
The 7:00 headline
A 7:00 a.m. headline about a $71 million pipeline contract woke a quiet $0.61 stock. Heavy pre-market buying lifted it to $1.01 twice.
Stop It's 7:50. SLND is at $0.99. It touched $1.01 at 7:30 and again at 7:45, and it is pushing up on heavy pre-market volume. Would you buy here?
Press play: the real Level 2, tape and chart run from 7:47 a.m. and stop at 7:50 a.m. ET for your call.
That minute made $1.05. By 8:20 the stock was down at $0.86.
The wall at $0.95
On this day, a big sell order sat right above the bounce. It showed up at $0.95 at 9:44 and peaked near 178K shares at 10:01.
Stop It's 10:10. SLND is at $0.92. A large ask wall has sat at $0.95 since 9:44. It peaked at 177,834 shares at 10:01. Would you buy here?
Press play: the real Level 2, tape and chart run from 10:07 a.m. and stop at 10:10 a.m. ET for your call.
About 69K shares traded at $0.95 in one second. The wall was gone at 10:10:58. The stock reached $1.00, still under the top. At 10:14 it fell to $0.89.
The fade
The rest of the day gave the move back. It hit $0.66 at 2:35 and closed at $0.69, 34% under the high.
What to take from it: After the 7:50 top, each push stopped lower, and most of the move was gone by the close.
Replay SLND's day
It starts at 7:12 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 7:15 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 and fade. It gapped up 50.7% to $0.919 at the open and traded below the open by 4:00 p.m., at $0.69.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 7:00 a.m. | News (Business Wire): Southland Awarded $71 Million Water Pipeline Project in the Southwest | |
| 7:11 a.m. | First trade 20% above the previous close of $0.61 | |
| 7:32 a.m. | Volume since 4:00 a.m. passes the whole float, 14.58 million shares | |
| 7:50 a.m. | Pre-market high, $1.05 | |
| 7:50 a.m. | High of the day to the close, $1.05 | |
| 9:30 a.m. | The open: $0.919, up 50.7% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $0.69, 34.3% 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
- $0.61
- Open, 9:30 a.m.
- $0.919
- Gap at the open
- +50.7%
- Pre-market high
- $1.05 at 7:50 a.m.
- High, 4 a.m. to 4 p.m.
- $1.05 at 7:50 a.m.
- Low, 4 a.m. to 4 p.m.
- $0.61
- Close, 4 p.m.
- $0.69
- Change at 4 p.m.
- +13.1%
- After-hours high, 4 p.m. to 8 p.m.
- $0.72 at 5:39 p.m.
- Volume, 4 a.m. to 4 p.m.
- 75.87 million
- Volume after hours, 4 p.m. to 8 p.m.
- 976,828
- Relative volume by 8 p.m.
- 1535.5×
- Float
- 14.58 million shares, from filings as of September 29, 2026
- Shares outstanding
- 54.44 million
- From news to the move: the first trade 20% above the previous close came 11 minutes after the latest news item before it (Business Wire, 7:00 a.m.).
- Volume, from the one-minute bars: 43.88 million shares before the 9:30 a.m. open (57%), 7.78 million in the first 30 minutes (10%), and 25.18 million in the rest of the day to 8 p.m. (33%).
- Float rotation, the volume since 4 a.m. against the float of 14.58 million shares: past it once at 7:32 a.m., twice at 8:02 a.m., three times at 9:29 a.m.
- In our recaps, this is the only day SLND 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 SLND 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 SLND 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.