Hindsight Markets Recaps Small-cap stocks on September 8, 2026
BNC, September 8: a gap that held
BNC opened up 54% and held near that level into the close.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $6.73, on 22M shares.
The open
It opened up 54%, at $5.37.
The close
It closed at $5.24, 22% under its high.
What to take from it: The gap was the move. After the open it went sideways.
The details
How it traded, step by step
Gap and hold. It gapped up 53.9% to $5.37 at the open and held near or above it, trading at $5.24 at 4:00 p.m.
| Time (ET) | What happened |
|---|---|
| 4:00 a.m. | First trade 20% above the previous close of $3.49 |
| 4:21 a.m. | Pre-market high, $6.73 |
| 4:21 a.m. | High of the day to the close, $6.73 |
| 9:30 a.m. | The open: $5.37, up 53.9% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $5.24, 22.1% 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
- $3.49
- Open, 9:30 a.m.
- $5.37
- Gap at the open
- +53.9%
- Pre-market high
- $6.73 at 4:21 a.m.
- High, 4 a.m. to 4 p.m.
- $6.73 at 4:21 a.m.
- Low, 4 a.m. to 4 p.m.
- $3.88
- Close, 4 p.m.
- $5.24
- Change at 4 p.m.
- +50.1%
- After-hours high, 4 p.m. to 8 p.m.
- $5.45 at 4:21 p.m.
- Volume, 4 a.m. to 4 p.m.
- 34.99 million
- Volume after hours, 4 p.m. to 8 p.m.
- 613,247
- Relative volume by 8 p.m.
- 230.7×
- Float
- 40.30 million shares, from filings as of September 8, 2026
- Shares outstanding
- 41.17 million
- Volume, from the one-minute bars: 22.28 million shares before the 9:30 a.m. open (63%), 3.02 million in the first 30 minutes (8%), and 10.31 million in the rest of the day to 8 p.m. (29%).
- In our recaps, this is the only day BNC met the small-cap rule.
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 (none)
The exchange's halt feed shows no halts for BNC 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 BNC on September 8, 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.