Hindsight Markets Recaps Small-cap stocks on October 23, 2026
YMAT, October 23: $3.80 at 7:33, a $3.50 wall, and $2.03 at the close
YMAT opened up 32%, ran to $3.56, then fell below its open by the close.
What happened
Draft for review. Not published.
A pre-market spike with no news
No headline or filing came before the move. At 7:30 a.m. the stock was at $2.24. Three minutes later it printed $3.80, the high of the day, on 460K shares in that minute.
The next minute it traded as low as $2.51. Over 7M shares traded before the open, against a float of 2.7M.
The wall at $3.50
It opened at $2.54 and climbed. From 9:35 a.m. a 48,511-share ask wall at $3.50 sat above the price, about 1.8% of the float.
Stop It's 9:45. YMAT is at $3.05. An ask wall of about 48K shares has sat at $3.50 since 9:35. The high of the day is $3.80. Would you buy here?
Press play: the real Level 2, tape and chart run from 9:42 a.m. and stop at 9:45 a.m. ET for your call.
The wall broke at 9:45:36, when 22,055 shares traded at $3.50 in half a second. The stock hit $3.56, a lower high than $3.80, and from 9:46 to 9:53 every minute closed between $3.35 and $3.48.
The long fade
It slid to $2.77 at 10:18 and from 11:00 to noon traded between $2.56 and $2.81. In the afternoon it dropped to $1.97 at 2:49 p.m., the low after the open.
It closed at $2.03, 47% under the high. A 6-K came at 4:16 p.m., and it traded up to $2.51 after hours.
What to take from it: A wall that breaks can still leave a lower high: YMAT pushed through $3.50 at 9:45 but stopped at $3.56, under $3.80.
Replay YMAT's day
It starts at 7:20 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 7:23 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 32.3% to $2.54 at the open, ran from the open to the high of $3.56 in 15 minutes, then gave back 150% of that move by 4:00 p.m., trading at $2.02, below the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 7:31 a.m. | First trade 20% above the previous close of $1.92 | |
| 7:33 a.m. | Pre-market high, $3.80 | |
| 7:33 a.m. | High of the day to the close, $3.80 | |
| 7:46 a.m. | Volume since 4:00 a.m. passes the whole float, 2.70 million shares | |
| 9:30 a.m. | The open: $2.54, up 32.3% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $2.02, 46.7% 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
- $1.92
- Open, 9:30 a.m.
- $2.54
- Gap at the open
- +32.3%
- Pre-market high
- $3.80 at 7:33 a.m.
- High, 4 a.m. to 4 p.m.
- $3.80 at 7:33 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.97
- Close, 4 p.m.
- $2.02
- Change at 4 p.m.
- +5.5%
- After-hours high, 4 p.m. to 8 p.m.
- $2.51 at 4:21 p.m.
- Volume, 4 a.m. to 4 p.m.
- 16.41 million
- Volume after hours, 4 p.m. to 8 p.m.
- 662,350
- Relative volume by 8 p.m.
- 3.2×
- Float
- 2.70 million shares, from filings as of October 23, 2026
- Shares outstanding
- 4.01 million
- Volume, from the one-minute bars: 7.40 million shares before the 9:30 a.m. open (43%), 5.20 million in the first 30 minutes (30%), and 4.47 million in the rest of the day to 8 p.m. (26%).
- Float rotation, the volume since 4 a.m. against the float of 2.70 million shares: past it once at 7:46 a.m., twice at 8:28 a.m., three times at 9:35 a.m.
- Other days YMAT met the small-cap rule in our recaps: 9, the latest on October 26, 2026.
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 YMAT 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 YMAT on October 23, 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.