Hindsight Markets Recaps Small-cap stocks on September 22, 2026
GRML, September 22: four halts, $18.15, and a $14.00 bid that broke
GRML opened up 45%, ran to $18.15 through four halts, then gave back most of the run by the close.
What happened
Draft for review. Not published.
News and the open
Greenland deal headlines drove a gap. GRML opened at $13.68, up 45% from the $9.42 close. Halt #1 at 9:31:06 froze it at $15.87 over a 117K-share bid. That bid was pulled at 9:36:07.
After two halts
Stop It's 10:49. GRML is at $15.37, up from $13.94 at 10:37. It was halted twice at the open and has been at or below $15.60 for the last few minutes. Would you buy here?
Press play: the real Level 2, tape and chart run from 10:46 a.m. and stop at 10:49 a.m. ET for your call.
It broke out. Halt #3 at 10:50:36 froze it at $17.18 above a 104K-share bid. It reopened at 10:55:36 at $17.95 and hit $18.15.
Stop It's 10:56. GRML is at $17.73, just under the $18.15 high set in the 10:55 minute. Below, a bid wall at $17.18 peaked at 104,265 shares. Would you buy here?
Press play: the real Level 2, tape and chart run from 10:53 a.m. and stop at 10:56 a.m. ET for your call.
The bid broke at 10:56:14 under a sell order. Halt #4 hit at $15.87, and by 11:02 it was $14.12.
The $14.00 bid
It made a lower high, $18.00, at 11:19. A $14.00 bid grew to 115K shares, then was eaten at 1:58:41 p.m. GRML closed at $14.15.
What to take from it: Big bids under the price broke twice today; they held only until sellers came.
Replay GRML's day
It starts at 10:32 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 10:35 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 45.2% to $13.68 at the open, ran from the open to the high of $18.15 in 85 minutes through 3 halts, then gave back 89% of that move by 4:00 p.m., trading at $14.15, still above the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:13 a.m. | First trade 20% above the previous close of $9.42 | |
| 6:43 a.m. | Volume since 4:00 a.m. passes the whole float, 4.36 million shares | |
| 7:17 a.m. | Pre-market high, $14.22 | |
| 9:30 a.m. | The open: $13.68, up 45.2% from the previous close | |
| 10:55 a.m. | High of the day to the close, $18.15 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $14.15, 22.0% 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
- $9.42
- Open, 9:30 a.m.
- $13.68
- Gap at the open
- +45.2%
- Pre-market high
- $14.22 at 7:17 a.m.
- High, 4 a.m. to 4 p.m.
- $18.15 at 10:55 a.m.
- Low, 4 a.m. to 4 p.m.
- $9.75
- Close, 4 p.m.
- $14.15
- Change at 4 p.m.
- +50.2%
- After-hours high, 4 p.m. to 8 p.m.
- $14.49 at 7:58 p.m.
- Volume, 4 a.m. to 4 p.m.
- 42.52 million
- Volume after hours, 4 p.m. to 8 p.m.
- 1.08 million
- Relative volume by 8 p.m.
- 8.5×
- Float
- 4.36 million shares, from filings as of September 22, 2026
- Shares outstanding
- 4.81 million
- Volume, from the one-minute bars: 13.00 million shares before the 9:30 a.m. open (30%), 3.72 million in the first 30 minutes (9%), and 26.89 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 6:43 a.m., twice at 7:25 a.m., three times at 9:30 a.m.
- Other days GRML met the small-cap rule in our recaps: 6, the latest on October 14, 2026.
On the day's lists: the pre-market gappers, gainers, intraday runners. 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 (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 |
|---|---|---|---|---|---|---|---|
| 9:31 a.m. | 9:36 a.m. | 5 min 0 s | up 17.5% | $15.75, down 0.8% | LULD pause (limit up-limit down) | ||
| 9:36 a.m. | 9:41 a.m. | 5 min 0 s | down 10.6% | $13.88, down 2.1% | down 3.2% | LULD pause (limit up-limit down) | |
| 10:50 a.m. | 10:55 a.m. | 5 min 0 s | up 16.6% | $17.95, up 4.5% | down 11.6% | LULD pause (limit up-limit down) | |
| 10:56 a.m. | 11:01 a.m. | 5 min 0 s | down 7.6% | $15.50, down 2.3% | down 3.5% | 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 GRML on September 22, 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.