Hindsight Markets Recaps Small-cap stocks on September 22, 2026
RAIN, September 22: a quiet morning, two halts, and $1.54
RAIN opened near its previous close, then ran to $1.54 through two halts during the session.
What happened
Draft for review. Not published.
A late run into a halt
The morning was flat near $0.67. In the afternoon it ran, reaching $1.35 by 2:21.
About 200K shares sat on the bid at $1.35 when it was halted at 2:22:24.
Stop It's 2:27. RAIN is about to reopen after a five-minute halt that stopped at $1.35. Yesterday's close was $0.66 and the stock is up a lot today. Would you buy the reopen at $1.42?
Press play: the real Level 2, tape and chart run from 2:24 p.m. and stop at 2:27 p.m. ET for your call.
It reopened at $1.41 and hit $1.54 that minute. Sellers then swept it down. They ate the $1.35 bid at 2:28:00, and a second halt froze it at $1.30.
The second reopen slid
This reopen led lower. It printed $1.26 and slid to $1.03 by 2:36, down 33% from $1.54.
The $1.00 bid
The $1.00 bid had built to 75K shares by 2:48.
Stop It's 2:54. RAIN is at $1.03. A bid that peaked near 74,000 shares at 2:48 sits at $1.00. Would you buy here, just above the bid?
Press play: the real Level 2, tape and chart run from 2:51 p.m. and stop at 2:54 p.m. ET for your call.
Sellers hit it. 61K shares traded at $1.00 in 4.5 seconds, and the bid was gone. It closed at $1.02.
What to take from it: On this day, big bids at $1.35 and $1.00 were levels sellers broke, not floors.
Replay RAIN's day
It starts at 2:07 p.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 2:10 p.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
Intraday run. It opened up 1.7% at $0.6721, then ran from the open to the high of $1.54 in 297 minutes through a halt.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:12 a.m. | Pre-market high, $0.72 | |
| 9:30 a.m. | The open: $0.6721, up 1.7% from the previous close | |
| 11:05 a.m. | First trade 20% above the previous close of $0.661 | |
| 2:11 p.m. | Volume since 4:00 a.m. passes the whole float, 5.70 million shares | |
| 2:27 p.m. | High of the day to the close, $1.54 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.02, 33.8% 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
- $0.661
- Open, 9:30 a.m.
- $0.6721
- Gap at the open
- +1.7%
- Pre-market high
- $0.72 at 4:12 a.m.
- High, 4 a.m. to 4 p.m.
- $1.54 at 2:27 p.m.
- Low, 4 a.m. to 4 p.m.
- $0.6612
- Close, 4 p.m.
- $1.02
- Change at 4 p.m.
- +54.3%
- After-hours high, 4 p.m. to 8 p.m.
- $1.05 at 5:31 p.m.
- Volume, 4 a.m. to 4 p.m.
- 19.65 million
- Volume after hours, 4 p.m. to 8 p.m.
- 624,907
- Relative volume by 8 p.m.
- 153.8×
- Float
- 5.70 million shares, from filings as of September 22, 2026
- Shares outstanding
- 11.70 million
- Volume, from the one-minute bars: 7,548 shares before the 9:30 a.m. open (0%), 1,253 in the first 30 minutes (0%), and 20.27 million in the rest of the day to 8 p.m. (100%).
- Float rotation, the volume since 4 a.m. against the float of 5.70 million shares: past it once at 2:11 p.m., twice at 2:34 p.m., three times at 3:10 p.m.
- Other days RAIN met the small-cap rule in our recaps: 2, the latest on August 4, 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 (2)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed | Watch it |
|---|---|---|---|---|---|---|---|
| 2:22 p.m. | 2:27 p.m. | 5 min 0 s | up 14.4% | $1.42, up 5.2% | down 8.5% | LULD pause (limit up-limit down) | |
| 2:28 p.m. | 2:33 p.m. | 5 min 0 s | down 3.7% | $1.28, down 1.5% | down 14.1% | 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 RAIN 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.