Hindsight Markets Recaps Small-cap stocks on September 24, 2026
NCPL, September 24: a gap that faded
NCPL opened up 45%, then faded below its open by the close.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $2.13, on 10M shares.
The open
It opened up 45%, at $1.51.
The close
It closed at $1.26, 41% under its high.
What to take from it: A big gap is not a trend. This one traded below its open by the close.
The details
How it traded, step by step
Gap and fade. It gapped up 45.2% to $1.51 at the open and traded below the open by 4:00 p.m., at $1.26.
| Time (ET) | What happened |
|---|---|
| 4:35 a.m. | First trade 20% above the previous close of $1.04 |
| 9:08 a.m. | Pre-market high, $2.13 |
| 9:08 a.m. | High of the day to the close, $2.13 |
| 9:09 a.m. | Volume since 4:00 a.m. passes the whole float, 6.71 million shares |
| 9:30 a.m. | The open: $1.51, up 45.2% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.26, 40.8% 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
- $1.04
- Open, 9:30 a.m.
- $1.51
- Gap at the open
- +45.2%
- Pre-market high
- $2.13 at 9:08 a.m.
- High, 4 a.m. to 4 p.m.
- $2.13 at 9:08 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.12
- Close, 4 p.m.
- $1.26
- Change at 4 p.m.
- +21.2%
- After-hours high, 4 p.m. to 8 p.m.
- $1.77 at 4:41 p.m.
- Volume, 4 a.m. to 4 p.m.
- 17.74 million
- Volume after hours, 4 p.m. to 8 p.m.
- 1.23 million
- Relative volume by 8 p.m.
- 1.9×
- Float
- 6.71 million shares, from filings as of September 24, 2026
- Shares outstanding
- 7.85 million
- Volume, from the one-minute bars: 10.34 million shares before the 9:30 a.m. open (55%), 1.83 million in the first 30 minutes (10%), and 6.80 million in the rest of the day to 8 p.m. (36%).
- Float rotation, the volume since 4 a.m. against the float of 6.71 million shares: past it once at 9:09 a.m., twice at 10:08 a.m.
- Other days NCPL met the small-cap rule in our recaps: 18, the latest on October 30, 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 (none)
The exchange's halt feed shows no halts for NCPL 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 NCPL on September 24, 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.