Hindsight Markets Recaps Small-cap stocks on September 15, 2026
IPW, September 15: a run to $4.18
IPW opened near its previous close, then ran to $4.18 during the session.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $2.09, on 19K shares.
The open
It opened near its previous close, at $1.99. It ran to $4.18 by 3:06 p.m.
The close
It closed at $2.59, 38% 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 3.1% at $1.99, then ran from the open to the high of $4.18 in 336 minutes.
| Time (ET) | What happened |
|---|---|
| 8:53 a.m. | Pre-market high, $2.09 |
| 9:30 a.m. | The open: $1.99, up 3.1% from the previous close |
| 10:30 a.m. | First trade 20% above the previous close of $1.93 |
| 12:33 p.m. | Volume since 4:00 a.m. passes the whole float, 947,649 shares |
| 3:06 p.m. | High of the day to the close, $4.18 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $2.59, 38.0% 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
- $1.93
- Open, 9:30 a.m.
- $1.99
- Gap at the open
- +3.1%
- Pre-market high
- $2.09 at 8:53 a.m.
- High, 4 a.m. to 4 p.m.
- $4.18 at 3:06 p.m.
- Low, 4 a.m. to 4 p.m.
- $1.87
- Close, 4 p.m.
- $2.59
- Change at 4 p.m.
- +34.2%
- After-hours high, 4 p.m. to 8 p.m.
- $2.90 at 4:03 p.m.
- Volume, 4 a.m. to 4 p.m.
- 12.76 million
- Volume after hours, 4 p.m. to 8 p.m.
- 960,012
- Relative volume by 8 p.m.
- 194.3×
- Float
- 947,649 shares, from filings as of September 15, 2026
- Shares outstanding
- 956,733
- Volume, from the one-minute bars: 19,446 shares before the 9:30 a.m. open (0%), 22,318 in the first 30 minutes (0%), and 13.68 million in the rest of the day to 8 p.m. (100%).
- Float rotation, the volume since 4 a.m. against the float of 947,649 shares: past it once at 12:33 p.m., twice at 12:40 p.m., three times at 12:51 p.m.
- Other days IPW met the small-cap rule in our recaps: 4, the latest on October 12, 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 IPW 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 IPW on September 15, 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.