Hindsight Markets Recaps Small-cap stocks on September 2, 2026
JLHL, September 2: a gap that faded
JLHL opened up 26%, then faded below its open by the close.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $7.92, on 5.6M shares.
The open
It opened up 26%, at $7.10.
The close
It closed at $6.30, 20% under its high.
What to take from it: A big gap is not a trend. This one traded below its open by the close.
The details
How it traded, step by step
Gap and fade. It gapped up 26.3% to $7.10 at the open and traded below the open by 4:00 p.m., at $6.30.
| Time (ET) | What happened |
|---|---|
| 4:31 a.m. | First trade 20% above the previous close of $5.62 |
| 5:13 a.m. | Volume since 4:00 a.m. passes the whole float, 1.45 million shares |
| 6:40 a.m. | Pre-market high, $7.92 |
| 6:40 a.m. | High of the day to the close, $7.92 |
| 9:30 a.m. | The open: $7.10, up 26.3% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $6.30, 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
- $5.62
- Open, 9:30 a.m.
- $7.10
- Gap at the open
- +26.3%
- Pre-market high
- $7.92 at 6:40 a.m.
- High, 4 a.m. to 4 p.m.
- $7.92 at 6:40 a.m.
- Low, 4 a.m. to 4 p.m.
- $6.00
- Close, 4 p.m.
- $6.30
- Change at 4 p.m.
- +12.1%
- After-hours high, 4 p.m. to 8 p.m.
- $6.78 at 4:58 p.m.
- Volume, 4 a.m. to 4 p.m.
- 7.37 million
- Volume after hours, 4 p.m. to 8 p.m.
- 61,924
- Relative volume by 8 p.m.
- 7.6×
- Float
- 1.45 million shares, from filings as of September 2, 2026
- Shares outstanding
- 21.45 million
- Volume, from the one-minute bars: 5.60 million shares before the 9:30 a.m. open (75%), 688,399 in the first 30 minutes (9%), and 1.15 million in the rest of the day to 8 p.m. (15%).
- Float rotation, the volume since 4 a.m. against the float of 1.45 million shares: past it once at 5:13 a.m., twice at 6:32 a.m., three times at 7:05 a.m.
- Other days JLHL met the small-cap rule in our recaps: 2, the latest on October 13, 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 JLHL 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 JLHL on September 2, 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.