Hindsight Markets Recaps Small-cap stocks on September 4, 2026
WETO, September 4: three halts and a gap that faded
WETO opened up 28%, 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 $4.37, on 4.1M shares.
The open
It opened up 28%, at $4.12.
The halts
Each halt froze the price and reopened it somewhere new. The exchange halted it three times, from 9:31 a.m. to 9:46 a.m. The biggest jump was the reopen after 9:46 a.m.: 8% above the last trade before it.
The close
It closed at $2.54, 42% 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 28.0% to $4.12 at the open and traded below the open by 4:00 p.m., at $2.54.
| Time (ET) | What happened |
|---|---|
| 4:05 a.m. | First trade 20% above the previous close of $3.22 |
| 4:27 a.m. | Volume since 4:00 a.m. passes the whole float, 914,205 shares |
| 8:59 a.m. | Pre-market high, $4.37 |
| 8:59 a.m. | High of the day to the close, $4.37 |
| 9:30 a.m. | The open: $4.12, up 28.0% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $2.54, 41.9% 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
- $3.22
- Open, 9:30 a.m.
- $4.12
- Gap at the open
- +28.0%
- Pre-market high
- $4.37 at 8:59 a.m.
- High, 4 a.m. to 4 p.m.
- $4.37 at 8:59 a.m.
- Low, 4 a.m. to 4 p.m.
- $2.44
- Close, 4 p.m.
- $2.54
- Change at 4 p.m.
- −21.1%
- After-hours high, 4 p.m. to 8 p.m.
- $2.66 at 5:37 p.m.
- Volume, 4 a.m. to 4 p.m.
- 9.69 million
- Volume after hours, 4 p.m. to 8 p.m.
- 432,052
- Relative volume by 8 p.m.
- 2.2×
- Float
- 914,205 shares, from filings as of September 4, 2026
- Shares outstanding
- 1.08 million
- Volume, from the one-minute bars: 4.13 million shares before the 9:30 a.m. open (41%), 2.89 million in the first 30 minutes (29%), and 3.10 million in the rest of the day to 8 p.m. (31%).
- Float rotation, the volume since 4 a.m. against the float of 914,205 shares: past it once at 4:27 a.m., twice at 7:48 a.m., three times at 8:57 a.m.
- Other days WETO met the small-cap rule in our recaps: 15, the latest on November 2, 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 (3)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed |
|---|---|---|---|---|---|---|
| 9:31 a.m. | 9:36 a.m. | 5 min 0 s | down 9.4% | $3.67, unchanged | LULD pause (limit up-limit down) | |
| 9:36 a.m. | 9:41 a.m. | 5 min 0 s | down 11.7% | $3.24, unchanged | down 15.4% | LULD pause (limit up-limit down) |
| 9:46 a.m. | 9:51 a.m. | 5 min 0 s | down 21.9% | $2.70, up 8.4% | up 3.0% | 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 WETO 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.