Hindsight Markets Recaps Small-cap stocks on September 23, 2026
HAO, September 23: a gap that held
HAO opened up 14% and held near that level into the close.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $3.97, on 654K shares.
The open
It opened up 14%, at $3.24.
The close
It closed at $3.14, 21% under its high.
What to take from it: The gap was the move. After the open it went sideways.
The details
How it traded, step by step
Gap and hold. It gapped up 14.1% to $3.24 at the open and held near or above it, trading at $3.14 at 4:00 p.m.
| Time (ET) | What happened |
|---|---|
| 4:00 a.m. | First trade 20% above the previous close of $2.84 |
| 4:00 a.m. | Pre-market high, $3.97 |
| 4:00 a.m. | High of the day to the close, $3.97 |
| 5:04 a.m. | Volume since 4:00 a.m. passes the whole float, 350,148 shares |
| 9:30 a.m. | The open: $3.24, up 14.1% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $3.14, 20.9% 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
- $2.84
- Open, 9:30 a.m.
- $3.24
- Gap at the open
- +14.1%
- Pre-market high
- $3.97 at 4:00 a.m.
- High, 4 a.m. to 4 p.m.
- $3.97 at 4:00 a.m.
- Low, 4 a.m. to 4 p.m.
- $2.18
- Close, 4 p.m.
- $3.14
- Change at 4 p.m.
- +10.6%
- After-hours high, 4 p.m. to 8 p.m.
- $3.22 at 4:13 p.m.
- Volume, 4 a.m. to 4 p.m.
- 777,101
- Volume after hours, 4 p.m. to 8 p.m.
- 29,979
- Relative volume by 8 p.m.
- 19.4×
- Float
- 350,148 shares, from filings as of September 23, 2026
- Shares outstanding
- 366,126
- Volume, from the one-minute bars: 654,090 shares before the 9:30 a.m. open (81%), 21,265 in the first 30 minutes (3%), and 131,725 in the rest of the day to 8 p.m. (16%).
- Float rotation, the volume since 4 a.m. against the float of 350,148 shares: past it once at 5:04 a.m., twice at 11:15 a.m.
- Other days HAO met the small-cap rule in our recaps: 3, the latest on October 26, 2026.
On the day's lists: the pre-market gappers, gainers. 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 HAO 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 HAO on September 23, 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.