Hindsight Markets Recaps Small-cap stocks on September 25, 2026
BENF, September 25: two walls, a run to $2.19, and a 2:00 headline
BENF opened up 11%, ran to $2.19, then fell below its open by the close.
What happened
Draft for review. Not published.
Two walls above the open
BENF came in after a wild day that closed at $1.45. It opened at $1.61 and stalled under $1.75 early.
Big offers sat above the price. One at $1.85 grew to 137K shares, about 9% of the float. At 10:15 a new 97K-share offer appeared at $1.83.
Stop It's 10:16. BENF is at $1.83. Roughly 96,000 shares are offered at $1.83, and another big offer sits at $1.85 just above. Would you buy here?
Press play: the real Level 2, tape and chart run from 10:13 a.m. and stop at 10:16 a.m. ET for your call.
Buyers ate the $1.83 wall. 96K shares traded there in 3 seconds, starting at 10:16:12. The $1.85 wall was eaten at 10:17:00.
After the walls broke
Once the walls broke, the stock ran. It hit $2.15 at 10:26, then dropped to $1.87 inside that minute.
Stop It's 10:29. BENF is at $1.99. It touched $2.15 three minutes ago and has dropped to $1.87 and come back. Would you buy here?
Press play: the real Level 2, tape and chart run from 10:26 a.m. and stop at 10:29 a.m. ET for your call.
It pushed again. The 10:30 minute made $2.19, the high of the day.
The fade
It hit $1.77 by 10:53, and a later push stopped just under $1.97. A 2:00 p.m. law firm headline came as it eased lower. It closed near $1.46.
What to take from it: Big walls broke in seconds, but the run they started faded back to where it began.
Replay BENF's day
It starts at 10:07 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 10:10 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
Gap, run and fade. It gapped up 11.0% to $1.61 at the open, ran from the open to the high of $2.19 in 60 minutes, then gave back 123% of that move by 4:00 p.m., trading at $1.48, below the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:10 a.m. | First trade 20% above the previous close of $1.45 | |
| 4:14 a.m. | Pre-market high, $1.91 | |
| 9:14 a.m. | Volume since 4:00 a.m. passes the whole float, 1.54 million shares | |
| 9:30 a.m. | The open: $1.61, up 11.0% from the previous close | |
| 10:30 a.m. | High of the day to the close, $2.19 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.48, 32.6% 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
- $1.45
- Open, 9:30 a.m.
- $1.61
- Gap at the open
- +11.0%
- Pre-market high
- $1.91 at 4:14 a.m.
- High, 4 a.m. to 4 p.m.
- $2.19 at 10:30 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.44
- Close, 4 p.m.
- $1.48
- Change at 4 p.m.
- +1.7%
- After-hours high, 4 p.m. to 8 p.m.
- $1.57 at 4:43 p.m.
- Volume, 4 a.m. to 4 p.m.
- 9.49 million
- Volume after hours, 4 p.m. to 8 p.m.
- 295,387
- Relative volume by 8 p.m.
- 0.9×
- Float
- 1.54 million shares, from filings as of September 25, 2026
- Shares outstanding
- 15.46 million
- Volume, from the one-minute bars: 1.56 million shares before the 9:30 a.m. open (16%), 798,501 in the first 30 minutes (8%), and 7.43 million in the rest of the day to 8 p.m. (76%).
- Float rotation, the volume since 4 a.m. against the float of 1.54 million shares: past it once at 9:14 a.m., twice at 10:16 a.m., three times at 10:28 a.m.
- Other days BENF met the small-cap rule in our recaps: 3, the latest on September 23, 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 BENF 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 BENF on September 25, 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.