Hindsight Markets Recaps Small-cap stocks on September 25, 2026
MGLD, September 25: an acquisition headline at 7:00, $2.20, and a wall at $1.94
MGLD opened up 96% after news and held near that level into the close.
News via Stock News API
What happened
Draft for review. Not published.
The 7:00 headline
The buyout news hit at 7:00 a.m., and the stock left its $0.99 close behind that minute. It ran from $1.16 to $2.05.
Stop It's 7:01. MGLD is at $2.05. The acquisition headline came out a minute ago, and the stock is more than double yesterday's $0.99 close. Would you buy here?
Press play: the real Level 2, tape and chart run from 6:58 a.m. and stop at 7:01 a.m. ET for your call.
That minute it hit $2.20, the high of the day. It closed the minute at $1.95. By 7:10 a 57K-share sell order swept it down to $1.86.
Stuck under $1.94
After the $1.93 open, a seller at $1.94 kept the price pinned. That wall peaked at 441K shares.
Stop It's 11:04. MGLD is at $1.93. An ask wall has sat at $1.94 since 9:31, and at its peak it held 441,238 shares. The stock has been stuck under it for over an hour. Would you buy here?
Press play: the real Level 2, tape and chart run from 11:01 a.m. and stop at 11:04 a.m. ET for your call.
At 11:05:14 buyers ate it. 132K shares traded at $1.94 in one second. The stock still did not run.
A flat close
New sellers kept it flat all afternoon. It closed at $1.93, the same as the open. Most of the day's 9.3M shares traded before the bell.
What to take from it: On this day the high came in the first minute of news, and the rest was a flat range.
Replay MGLD's day
It starts at 6:56 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 6:59 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 and hold. It gapped up 95.8% to $1.93 at the open and held near or above it, trading at $1.93 at 4:00 p.m.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 7:00 a.m. | News (Business Wire): Madison Dearborn Partners Announces Definitive Agreement to Acquire The Marygold Companies | |
| 7:00 a.m. | First trade 20% above the previous close of $0.9856 | |
| 7:01 a.m. | Pre-market high, $2.20 | |
| 7:01 a.m. | High of the day to the close, $2.20 | |
| 9:30 a.m. | The open: $1.93, up 95.8% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.93, 12.3% 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
- $0.9856
- Open, 9:30 a.m.
- $1.93
- Gap at the open
- +95.8%
- Pre-market high
- $2.20 at 7:01 a.m.
- High, 4 a.m. to 4 p.m.
- $2.20 at 7:01 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.10
- Close, 4 p.m.
- $1.93
- Change at 4 p.m.
- +95.8%
- After-hours high, 4 p.m. to 8 p.m.
- $1.94 at 4:02 p.m.
- Volume, 4 a.m. to 4 p.m.
- 9.14 million
- Volume after hours, 4 p.m. to 8 p.m.
- 167,232
- Relative volume by 8 p.m.
- n/m
- Float
- 10.31 million shares, from filings as of September 25, 2026
- Shares outstanding
- 42.71 million
- From news to the move: the first trade 20% above the previous close came less than a minute after the latest news item before it (Business Wire, 7:00 a.m.).
- Volume, from the one-minute bars: 6.85 million shares before the 9:30 a.m. open (74%), 634,898 in the first 30 minutes (7%), and 1.82 million in the rest of the day to 8 p.m. (20%).
- In our recaps, this is the only day MGLD met the small-cap rule.
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 MGLD 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 MGLD 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.