Hindsight Markets Recaps Small-cap stocks on September 21, 2026
GRML, September 21: a bid at $7.00, an ask at $8.00, and $11.69
GRML more than doubled at the open, ran to $11.69, then gave back most of the run by the close.
What happened
Draft for review. Not published.
News before dawn
A Greenland headline at 4:47 a.m. put GRML in play. It sank to $4.40 by 6:49, then ran to $8.20 at 8:31 a.m. It opened at $7.33, up 157%.
The bid at $7.00
From 9:34 a big bid sat at exactly $7.00, just under the price.
Stop It's 9:42. GRML is at $7.04. A large bid, about 95,000 shares, sits at $7.00, just below. Would you buy here?
Press play: the real Level 2, tape and chart run from 9:39 a.m. and stop at 9:42 a.m. ET for your call.
Here's what happened. In 7.5 seconds, 93K shares traded at $7.00 and the bid was gone.
The ask at $8.00
Stop It's 10:54. GRML is at $7.40. The pre-market high is $8.20, and an ask wall has sat at $8.00 since 8:34 a.m., at its biggest about 98,000 shares. Would you buy here?
Press play: the real Level 2, tape and chart run from 10:51 a.m. and stop at 10:54 a.m. ET for your call.
Here's what happened. At 10:54:39 one buy order swept 159K shares. The $8.00 wall was gone in one second, and that minute hit $8.54.
The 11:15 climb
By 11:15 it was near $9.17 and climbing.
Stop It's 11:21. GRML is at $10.71. It has run from $9.17 in six minutes. Would you chase it here?
Press play: the real Level 2, tape and chart run from 11:20 a.m. and stop at 11:21 a.m. ET for your call.
Here's what happened. That minute topped at $11.69, the day's high. By 11:34 it was at $9.77. It closed at $9.41.
What to take from it: Big walls on both sides broke in seconds, and the buy after the break cost more than the screen showed.
Replay GRML's day
It starts at 10:45 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 10:48 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 157.2% to $7.33 at the open, ran from the open to the high of $11.69 in 111 minutes, then gave back 52% of that move by 4:00 p.m., trading at $9.41, still above the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:00 a.m. | First trade 20% above the previous close of $2.85 | |
| 7:05 a.m. | Volume since 4:00 a.m. passes the whole float, 4.36 million shares | |
| 8:31 a.m. | Pre-market high, $8.20 | |
| 9:30 a.m. | The open: $7.33, up 157.2% from the previous close | |
| 11:21 a.m. | High of the day to the close, $11.69 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $9.41, 19.5% 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
- $2.85
- Open, 9:30 a.m.
- $7.33
- Gap at the open
- +157.2%
- Pre-market high
- $8.20 at 8:31 a.m.
- High, 4 a.m. to 4 p.m.
- $11.69 at 11:21 a.m.
- Low, 4 a.m. to 4 p.m.
- $4.40
- Close, 4 p.m.
- $9.41
- Change at 4 p.m.
- +230.2%
- After-hours high, 4 p.m. to 8 p.m.
- $11.20 at 6:26 p.m.
- Volume, 4 a.m. to 4 p.m.
- 85.77 million
- Volume after hours, 4 p.m. to 8 p.m.
- 7.46 million
- Relative volume by 8 p.m.
- 189.0×
- Float
- 4.36 million shares, from filings as of September 21, 2026
- Shares outstanding
- 4.81 million
- Volume, from the one-minute bars: 26.83 million shares before the 9:30 a.m. open (29%), 8.43 million in the first 30 minutes (9%), and 57.96 million in the rest of the day to 8 p.m. (62%).
- Float rotation, the volume since 4 a.m. against the float of 4.36 million shares: past it once at 7:05 a.m., twice at 7:43 a.m., three times at 8:11 a.m.
- Other days GRML met the small-cap rule in our recaps: 6, the latest on October 14, 2026.
- The next session, September 22, 2026, it was up 50.2% from its previous close at the 4:00 p.m. close.
On the day's lists: the pre-market gappers, gainers, intraday runners, after-hours movers. It is here because it met the small-cap rule on the pre-market gappers: 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 GRML 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 GRML on September 21, 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.