Hindsight Markets Recaps Small-cap stocks on September 11, 2026
MKDW, September 11: a run to $8.58
MKDW opened near its previous close, then ran to $8.58 during the session.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $5.88, on 23K shares.
The open
It opened near its previous close, at $5.31. It ran to $8.58 by 3:11 p.m.
The close
It closed at $7.69, 10% under its high.
What to take from it: The move came during the session, not at the open.
The details
How it traded, step by step
Intraday run. It opened up 4.1% at $5.31, then ran from the open to the high of $8.58 in 341 minutes.
| Time (ET) | What happened |
|---|---|
| 8:16 a.m. | Pre-market high, $5.88 |
| 9:30 a.m. | The open: $5.31, up 4.1% from the previous close |
| 9:31 a.m. | First trade 20% above the previous close of $5.10 |
| 3:11 p.m. | High of the day to the close, $8.58 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $7.69, 10.4% 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
- $5.10
- Open, 9:30 a.m.
- $5.31
- Gap at the open
- +4.1%
- Pre-market high
- $5.88 at 8:16 a.m.
- High, 4 a.m. to 4 p.m.
- $8.58 at 3:11 p.m.
- Low, 4 a.m. to 4 p.m.
- $4.88
- Close, 4 p.m.
- $7.69
- Change at 4 p.m.
- +50.8%
- After-hours high, 4 p.m. to 8 p.m.
- $7.85 at 4:00 p.m.
- Volume, 4 a.m. to 4 p.m.
- 545,886
- Volume after hours, 4 p.m. to 8 p.m.
- 75,950
- Relative volume by 8 p.m.
- 52.8×
- Float
- 3.64 million shares, from filings as of September 11, 2026
- Shares outstanding
- 4.20 million
- Volume, from the one-minute bars: 22,760 shares before the 9:30 a.m. open (4%), 34,453 in the first 30 minutes (6%), and 564,623 in the rest of the day to 8 p.m. (91%).
- Other days MKDW met the small-cap rule in our recaps: 2, the latest on September 17, 2026.
On the day's lists: the gainers, intraday runners. It is here because it met the small-cap rule on the gainers: 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 MKDW 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 MKDW on September 11, 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.