Hindsight Markets Recaps Small-cap stocks on September 1, 2026
SSM, September 1: a run to $4.98
SSM opened up 40%, ran to $4.98, and held most of the move into the close.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $4.70, on 5.4M shares.
The open
It opened up 40%, at $3.75. It ran to $4.98 by 3:53 p.m.
The close
It closed at $4.76, near its high.
What to take from it: A gap that holds above its open can keep going: this one held most of its move to the close.
The details
How it traded, step by step
Gap and go. It gapped up 39.9% to $3.75 at the open, ran from the open to the high of $4.98 in 383 minutes, and held most of the move into the close: it gave back 18% of it by 4:00 p.m.
| Time (ET) | What happened |
|---|---|
| 4:00 a.m. | First trade 20% above the previous close of $2.68 |
| 4:00 a.m. | Pre-market high, $4.70 |
| 4:52 a.m. | Volume since 4:00 a.m. passes the whole float, 1.42 million shares |
| 9:30 a.m. | The open: $3.75, up 39.9% from the previous close |
| 3:53 p.m. | High of the day to the close, $4.98 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $4.76, 4.4% 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.
- $3.75
- Gap at the open
- +39.9%
- Pre-market high
- $4.70 at 4:00 a.m.
- High, 4 a.m. to 4 p.m.
- $4.98 at 3:53 p.m.
- Low, 4 a.m. to 4 p.m.
- $3.57
- Close, 4 p.m.
- $4.76
- Change at 4 p.m.
- +77.6%
- After-hours high, 4 p.m. to 8 p.m.
- $4.97 at 4:02 p.m.
- Volume, 4 a.m. to 4 p.m.
- 12.76 million
- Volume after hours, 4 p.m. to 8 p.m.
- 1.53 million
- Relative volume by 8 p.m.
- 51.8×
- Float
- 1.42 million shares, from filings as of September 1, 2026
- Shares outstanding
- 1.42 million
- Volume, from the one-minute bars: 5.36 million shares before the 9:30 a.m. open (38%), 2.47 million in the first 30 minutes (17%), and 6.45 million in the rest of the day to 8 p.m. (45%).
- Float rotation, the volume since 4 a.m. against the float of 1.42 million shares: past it once at 4:52 a.m., twice at 6:08 a.m., three times at 7:30 a.m.
- Other days SSM met the small-cap rule in our recaps: 6, the latest on October 2, 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 SSM 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 SSM on September 1, 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.