Hindsight Markets Recaps Small-cap stocks on September 22, 2026
IPDN, September 22: a run to $4.16
IPDN opened near its previous close, then ran to $4.16 during the session.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $3.60, on 3K shares.
The open
It opened near its previous close, at $3.46. It ran to $4.16 by 3:57 p.m.
The close
It closed at $3.95, 5% 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 3.0% at $3.46, then ran from the open to the high of $4.16 in 387 minutes.
| Time (ET) | What happened |
|---|---|
| 9:28 a.m. | Pre-market high, $3.60 |
| 9:30 a.m. | The open: $3.46, up 3.0% from the previous close |
| 3:57 p.m. | First trade 20% above the previous close of $3.36 |
| 3:57 p.m. | High of the day to the close, $4.16 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $3.95, 5.0% below the high |
| 4:04 p.m. | Volume since 4:00 a.m. passes the whole float, 413,227 shares |
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
- $3.36
- Open, 9:30 a.m.
- $3.46
- Gap at the open
- +3.0%
- Pre-market high
- $3.60 at 9:28 a.m.
- High, 4 a.m. to 4 p.m.
- $4.16 at 3:57 p.m.
- Low, 4 a.m. to 4 p.m.
- $3.20
- Close, 4 p.m.
- $3.95
- Change at 4 p.m.
- +17.6%
- After-hours high, 4 p.m. to 8 p.m.
- $9.55 at 4:35 p.m.
- Volume, 4 a.m. to 4 p.m.
- 62,059
- Volume after hours, 4 p.m. to 8 p.m.
- 7.61 million
- Relative volume by 8 p.m.
- 18.2×
- Float
- 413,227 shares, from filings as of September 22, 2026
- Shares outstanding
- 481,677
- Volume, from the one-minute bars: 2,703 shares before the 9:30 a.m. open (0%), 1,729 in the first 30 minutes (0%), and 7.67 million in the rest of the day to 8 p.m. (100%).
- Float rotation, the volume since 4 a.m. against the float of 413,227 shares: past it once at 4:04 p.m., twice at 4:06 p.m., three times at 4:08 p.m.
- Other days IPDN met the small-cap rule in our recaps: 3, the latest on October 6, 2026.
- The next session, September 23, 2026, it was up 34.6% from its previous close at the 4:00 p.m. close.
On the day's lists: the intraday runners, after-hours movers. It is here because it met the small-cap rule on the intraday runners: 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 IPDN 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 IPDN 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.