Hindsight Markets Recaps Small-cap stocks on September 4, 2026
NIKI, September 4: one halt and $9.68
NIKI opened near its previous close, ran to $9.68 through one halt, then fell 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 $8.77, on 112K shares.
The open
It opened near its previous close, at $7.15. It ran to $9.68 by 10:24 a.m.
The halts
Trading stopped once, at 10:19 a.m.
The close
It closed at $6.22, 36% under its high.
What to take from it: The run did not hold: it finished below where it opened.
The details
How it traded, step by step
Intraday run and fade. It opened up 9.0% at $7.15, then ran from the open to the high of $9.68 in 54 minutes through a halt, and gave it all back: it traded at $6.22 at 4:00 p.m., below the open.
| Time (ET) | What happened |
|---|---|
| 6:30 a.m. | First trade 20% above the previous close of $6.56 |
| 8:33 a.m. | Pre-market high, $8.77 |
| 9:30 a.m. | The open: $7.15, up 9.0% from the previous close |
| 10:24 a.m. | High of the day to the close, $9.68 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $6.22, 35.7% 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
- $6.56
- Open, 9:30 a.m.
- $7.15
- Gap at the open
- +9.0%
- Pre-market high
- $8.77 at 8:33 a.m.
- High, 4 a.m. to 4 p.m.
- $9.68 at 10:24 a.m.
- Low, 4 a.m. to 4 p.m.
- $6.05
- Close, 4 p.m.
- $6.22
- Change at 4 p.m.
- −5.2%
- After-hours high, 4 p.m. to 8 p.m.
- $6.55 at 7:11 p.m.
- Volume, 4 a.m. to 4 p.m.
- 1.73 million
- Volume after hours, 4 p.m. to 8 p.m.
- 19,179
- Relative volume by 8 p.m.
- 46.8×
- Float
- 2.72 million shares, from filings as of September 4, 2026
- Shares outstanding
- 2.94 million
- Volume, from the one-minute bars: 112,109 shares before the 9:30 a.m. open (6%), 105,757 in the first 30 minutes (6%), and 1.53 million in the rest of the day to 8 p.m. (88%).
- In our recaps, this is the only day NIKI met the small-cap rule.
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 (1)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed |
|---|---|---|---|---|---|---|
| 10:19 a.m. | 10:24 a.m. | 5 min 0 s | up 13.7% | $9.34, up 3.1% | down 6.3% | 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 NIKI on September 4, 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.