Hindsight Markets Recaps Small-cap stocks on September 16, 2026
BENF, September 16: the $0.90 and $1.00 walls, four halts, and $1.32
BENF opened up 37% after an 8-K, ran to $1.32 through four halts, then gave back most of the run by the close.
What happened
Draft for review. Not published.
A filing and a run
An 8-K filing came at 6:03 a.m. Before the bell, BENF ran from about $0.59 to $1.21 on 21M shares.
The $0.90 wall
Stop It's 11:56. BENF is at $0.84, up from a $0.70 low at 11:42. An ask wall of up to about 120,000 shares has sat at $0.90 since 8:28 this morning. Would you buy here?
Press play: the real Level 2, tape and chart run from 11:53 a.m. and stop at 11:56 a.m. ET for your call.
Only 13K shares traded at $0.90 before the wall was pulled at 11:56:46. Halt #1 came at 11:57:18. Just after the reopen, buyers ate the $1.00 wall at 12:02:29.
The $1.05 and $1.20 walls
Stop It's 12:33. BENF is at $1.01. About 95,000 shares have been offered at $1.05 since 12:12. Would you buy here?
Press play: the real Level 2, tape and chart run from 12:30 p.m. and stop at 12:33 p.m. ET for your call.
Buyers ate this wall in about four seconds.
Stop It's 12:41. BENF is at $1.07. An ask wall at $1.20 has built to over 100,000 shares, about 4.6% of the float. Would you buy here?
Press play: the real Level 2, tape and chart run from 12:38 p.m. and stop at 12:41 p.m. ET for your call.
Buyers ate it at 12:41:57. It hit $1.32, the high, at 12:44. It closed at $0.81.
What to take from it: Walls that sat for hours were gone in seconds, and the high did not hold.
Replay BENF's day
It starts at 7:25 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 7:28 a.m. and asks what you would do. Or press Play on any moment in How it traded.
The details
How it traded, step by step
Gap, run, gave some back. It gapped up 37.2% to $0.826 at the open, ran from the open to the high of $1.32 in 194 minutes through 3 halts, then gave back 102% of that move by 4:00 p.m., trading at $0.8142, still above the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 6:03 a.m. | SEC filing 8-K: 8-K | |
| 7:23 a.m. | First trade 20% above the previous close of $0.6021 | |
| 7:37 a.m. | Volume since 4:00 a.m. passes the whole float, 2.35 million shares | |
| 7:52 a.m. | Pre-market high, $1.21 | |
| 9:30 a.m. | The open: $0.826, up 37.2% from the previous close | |
| 12:44 p.m. | High of the day to the close, $1.32 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $0.8142, 38.3% 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
- $0.6021
- Open, 9:30 a.m.
- $0.826
- Gap at the open
- +37.2%
- Pre-market high
- $1.21 at 7:52 a.m.
- High, 4 a.m. to 4 p.m.
- $1.32 at 12:44 p.m.
- Low, 4 a.m. to 4 p.m.
- $0.5735
- Close, 4 p.m.
- $0.8142
- Change at 4 p.m.
- +35.2%
- After-hours high, 4 p.m. to 8 p.m.
- $0.8735 at 5:14 p.m.
- Volume, 4 a.m. to 4 p.m.
- 48.58 million
- Volume after hours, 4 p.m. to 8 p.m.
- 1.09 million
- Relative volume by 8 p.m.
- 145.2×
- Float
- 2.35 million shares, from filings as of September 16, 2026
- Shares outstanding
- 15.46 million
- From news to the move: the first trade 20% above the previous close came 1 hour 19 minutes after the latest SEC filing before it (8-K, 6:03 a.m.).
- Volume, from the one-minute bars: 21.18 million shares before the 9:30 a.m. open (43%), 1.79 million in the first 30 minutes (4%), and 26.69 million in the rest of the day to 8 p.m. (54%).
- Float rotation, the volume since 4 a.m. against the float of 2.35 million shares: past it once at 7:37 a.m., twice at 7:40 a.m., three times at 7:44 a.m.
- Other days BENF met the small-cap rule in our recaps: 3, the latest on September 25, 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 (4)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed | Watch it |
|---|---|---|---|---|---|---|---|
| 11:57 a.m. | 12:02 p.m. | 5 min 0 s | up 23.5% | $0.9658, down 0.4% | down 6.8% | LULD pause (limit up-limit down) | |
| 12:06 p.m. | 12:11 p.m. | 5 min 0 s | down 7.2% | $0.90, unchanged | down 6.7% | LULD pause (limit up-limit down) | |
| 12:14 p.m. | 12:19 p.m. | 5 min 0 s | down 6.7% | $0.838, down 0.2% | up 0.3% | LULD pause (limit up-limit down) | |
| 12:54 p.m. | 12:59 p.m. | 5 min 0 s | down 9.2% | $1.03, down 5.5% | up 1.0% | 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 BENF on September 16, 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.