Hindsight Markets Recaps Small-cap stocks on September 24, 2026
PARA, September 24: two halts, a $1.45 bid wall, and $1.60
PARA opened near its previous close, ran to $1.60 through two halts, then fell below its open by the close.
What happened
Draft for review. Not published.
Run to the first halt
PARA ran with no headline in the data until after the close. It went from $0.90 at the open to $1.45, and was halted at 10:19:59. A 204K-share bid sat at $1.45, 7.6% of the float. It was pulled at 10:21:09.
It reopened at 10:29:59 at $1.60, 10% above the halt. Sellers swept the bid within a second.
Stop It's 10:30. PARA is at $1.56, just under the $1.60 high that printed a second ago. A bid sits at $1.45 below. Would you buy here?
Press play: the real Level 2, tape and chart run from 10:27 a.m. and stop at 10:30 a.m. ET for your call.
The bid breaks
A new $1.45 bid had grown to 41K shares. Sellers ate it in 0.7 seconds at 10:30:03. At 10:30:24 it was halted again at $1.28.
The second halt
It reopened at 10:35:24 at $1.18, 8% lower.
Stop It's 10:36. PARA reopened from its second halt at $1.18 and traded as low as $1.10 in the last minute. It is at $1.18 now. The high so far was $1.60, six minutes ago. Would you buy this bounce?
Press play: the real Level 2, tape and chart run from 10:33 a.m. and stop at 10:36 a.m. ET for your call.
It fell to $0.97 that minute. The 3:59 minute ended at $0.79, about half the high.
What to take from it: The big bid at the halt price was no floor: it was pulled, then the next one was eaten.
Replay PARA's day
It starts at 10:11 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 10:14 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
Intraday run and fade. It opened up 1.7% at $0.90, then ran from the open to the high of $1.60 in 59 minutes through a halt, and gave it all back: it traded at $0.792 at 4:00 p.m., below the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:01 a.m. | Pre-market high, $0.98 | |
| 9:30 a.m. | The open: $0.90, up 1.7% from the previous close | |
| 10:17 a.m. | First trade 20% above the previous close of $0.8853 | |
| 10:29 a.m. | High of the day to the close, $1.60 | |
| 10:49 a.m. | Volume since 4:00 a.m. passes the whole float, 2.69 million shares | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $0.792, 50.5% 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
- $0.8853
- Open, 9:30 a.m.
- $0.90
- Gap at the open
- +1.7%
- Pre-market high
- $0.98 at 4:01 a.m.
- High, 4 a.m. to 4 p.m.
- $1.60 at 10:29 a.m.
- Low, 4 a.m. to 4 p.m.
- $0.7103
- Close, 4 p.m.
- $0.792
- Change at 4 p.m.
- −10.5%
- After-hours high, 4 p.m. to 8 p.m.
- $0.8603 at 5:17 p.m.
- Volume, 4 a.m. to 4 p.m.
- 3.40 million
- Volume after hours, 4 p.m. to 8 p.m.
- 224,414
- Relative volume by 8 p.m.
- 65.1×
- Float
- 2.69 million shares, from filings as of September 24, 2026
- Shares outstanding
- 3.55 million
- Volume, from the one-minute bars: 2,145 shares before the 9:30 a.m. open (0%), 19,739 in the first 30 minutes (1%), and 3.61 million in the rest of the day to 8 p.m. (99%).
- Float rotation, the volume since 4 a.m. against the float of 2.69 million shares: past it once at 10:49 a.m.
- Other days PARA met the small-cap rule in our recaps: 4, the latest on November 3, 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 |
|---|---|---|---|---|---|---|---|
| 10:19 a.m. | 10:29 a.m. | 10 min 0 s | up 46.0% | $1.60, up 10.3% | down 20.0% | LULD pause (limit up-limit down) | |
| 10:30 a.m. | 10:35 a.m. | 5 min 0 s | down 11.7% | $1.18, down 7.8% | down 10.2% | 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 PARA 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.