Hindsight Markets Recaps Small-cap stocks on September 3, 2026
DBGI, September 3: a spike to $8.43, two ask walls, three halts
DBGI spiked to $8.43 before the open, then gave much of it back in the session.
What happened
Draft for review. Not published.
A spike with no news
No headline is in the data. At 8:54 a.m. DBGI hit $8.43, up 89% from the $4.47 close. By 8:57 it was $4.57.
Walls that never got hit
As it fell, sellers stacked shares above it. By 9:00:39 there were ask walls at $6.50 and $6.86.
Stop It's 9:01. DBGI is at $5.34, down from the $8.43 high of 8:54. An ask wall of up to 25,000 shares has been sitting at $6.86 since 9:00:39, and there is also an ask wall at $6.50. Would you buy here, hoping for another push?
Press play: the real Level 2, tape and chart run from 8:58 a.m. and stop at 9:01 a.m. ET for your call.
Neither wall was hit. At 9:05:57 both were pulled, and by 9:06 the low was $4.50.
Halts and the close
It opened at $4.19 and was halted at 9:30:54. A second halt ended at 9:41:10, with a reopen at $4.06.
Stop It's 9:41. DBGI is coming out of its second halt at $4.06. Before the halt it had bounced from $3.68 to $4.05. Would you buy the reopen?
Press play: the real Level 2, tape and chart run from 9:38 a.m. and stop at 9:41 a.m. ET for your call.
It ran to $4.40 that minute, then fell to $3.87 the next.
A third halt followed. It hit $3.14 at 10:36 and closed at $3.62.
What to take from it: With no news behind it, this spike was gone in three minutes.
Replay DBGI's day
It starts at 8:35 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 8:38 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
Pre-market spike. Before the open it spiked 88.6% from $4.47 to $8.43 at 8:54 a.m.. It opened down 6.3% at $4.19 and traded at $3.62 at 4:00 p.m.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 8:52 a.m. | First trade 20% above the previous close of $4.47 | |
| 8:54 a.m. | Pre-market high, $8.43 | |
| 8:54 a.m. | High of the day to the close, $8.43 | |
| 9:03 a.m. | Volume since 4:00 a.m. passes the whole float, 933,508 shares | |
| 9:30 a.m. | The open: $4.19, down 6.3% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $3.62, 57.1% 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
- $4.47
- Open, 9:30 a.m.
- $4.19
- Gap at the open
- −6.3%
- Pre-market high
- $8.43 at 8:54 a.m.
- High, 4 a.m. to 4 p.m.
- $8.43 at 8:54 a.m.
- Low, 4 a.m. to 4 p.m.
- $3.14
- Close, 4 p.m.
- $3.62
- Change at 4 p.m.
- −19.0%
- After-hours high, 4 p.m. to 8 p.m.
- $3.94 at 5:15 p.m.
- Volume, 4 a.m. to 4 p.m.
- 1.69 million
- Volume after hours, 4 p.m. to 8 p.m.
- 38,557
- Relative volume by 8 p.m.
- 24.2×
- Float
- 933,508 shares, from filings as of September 3, 2026
- Shares outstanding
- 933,509
- Volume, from the one-minute bars: 1.25 million shares before the 9:30 a.m. open (72%), 155,097 in the first 30 minutes (9%), and 323,628 in the rest of the day to 8 p.m. (19%).
- Float rotation, the volume since 4 a.m. against the float of 933,508 shares: past it once at 9:03 a.m.
- Other days DBGI met the small-cap rule in our recaps: 3, the latest on September 23, 2026.
On the day's lists: the intraday runners. It is here because it met the small-cap rule on the intraday runners: 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 (3)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed | Watch it |
|---|---|---|---|---|---|---|---|
| 9:30 a.m. | 9:35 a.m. | 5 min 0 s | down 12.8% | $3.68, unchanged | LULD pause (limit up-limit down) | ||
| 9:36 a.m. | 9:41 a.m. | 5 min 0 s | up 10.1% | $4.06, up 0.2% | down 7.1% | LULD pause (limit up-limit down) | |
| 9:43 a.m. | 9:48 a.m. | 5 min 0 s | down 6.9% | $3.70, down 1.9% | up 2.7% | LULD pause (limit up-limit down) |
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 DBGI on September 3, 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.