Hindsight Markets Recaps Small-cap stocks on September 28, 2026
KNRX, September 28: four eaten walls, 14 halts, and $1.60
KNRX opened near its previous close after an EFFECT notice, then ran to $1.60 through 14 halts during the session.
What happened
Draft for review. Not published.
The $0.83 wall
An overnight EFFECT filing set it up. KNRX ran from $0.32 to $0.76 by 9:45. From 9:43, over 100K shares sat offered at $0.83.
Stop It's 9:51. KNRX is at $0.73. Stock has been offered at $0.83, just above, since 9:43. Would you buy here?
Press play: the real Level 2, tape and chart run from 9:48 a.m. and stop at 9:51 a.m. ET for your call.
Buyers ate the wall. 170K shares traded at $0.83 in under 5 seconds.
Walls at $1.19 and $1.21
After seven halts it chopped between $0.81 and $1.17, under two walls of about 135K shares each.
Stop It's 11:44. KNRX is at $1.14. Stock has been offered at $1.19 and $1.21, just above, since 10:33. Would you buy here?
Press play: the real Level 2, tape and chart run from 11:41 a.m. and stop at 11:44 a.m. ET for your call.
Both walls were eaten within a minute. This time the book above was deep, so a 5,000-share buy paid exactly the screen price.
Long halt, then $1.60
The 11:51 halt lasted almost two hours. It reopened at 1:45 p.m. 22% lower, at $0.95. Carve-out news came at 1:54 p.m., and it hit the $1.60 high at 2:01. It closed at $1.23.
What to take from it: A wall can vanish in seconds, and what you pay depends on how much stock sits above it.
Replay KNRX's day
It starts at 9:31 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 9:34 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. It opened up 4.9% at $0.319, then ran from the open to the high of $1.60 in 271 minutes through 10 halts.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 12:15 a.m. | SEC filing EFFECT: | |
| 9:24 a.m. | Pre-market high, $0.3189 | |
| 9:30 a.m. | The open: $0.319, up 4.9% from the previous close | |
| 9:35 a.m. | First trade 20% above the previous close of $0.304 | |
| 10:03 a.m. | Volume since 4:00 a.m. passes the whole float, 18.89 million shares | |
| 2:01 p.m. | High of the day to the close, $1.60 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.23, 23.1% 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
- $0.304
- Open, 9:30 a.m.
- $0.319
- Gap at the open
- +4.9%
- Pre-market high
- $0.3189 at 9:24 a.m.
- High, 4 a.m. to 4 p.m.
- $1.60 at 2:01 p.m.
- Low, 4 a.m. to 4 p.m.
- $0.3179
- Close, 4 p.m.
- $1.23
- Change at 4 p.m.
- +304.6%
- After-hours high, 4 p.m. to 8 p.m.
- $1.40 at 4:13 p.m.
- Volume, 4 a.m. to 4 p.m.
- 94.10 million
- Volume after hours, 4 p.m. to 8 p.m.
- 14.34 million
- Relative volume by 8 p.m.
- 5553.7×
- Float
- 18.89 million shares, from filings as of September 28, 2026
- Shares outstanding
- 30.42 million
- From news to the move: the first trade 20% above the previous close came 9 hours 19 minutes after the latest SEC filing before it (EFFECT, 12:15 a.m.).
- Volume, from the one-minute bars: 38 shares before the 9:30 a.m. open (0%), 18.53 million in the first 30 minutes (17%), and 89.91 million in the rest of the day to 8 p.m. (83%).
- Float rotation, the volume since 4 a.m. against the float of 18.89 million shares: past it once at 10:03 a.m., twice at 10:44 a.m., three times at 11:43 a.m.
- In our recaps, this is the only day KNRX 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 (14)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed | Watch it |
|---|---|---|---|---|---|---|---|
| 9:36 a.m. | 9:41 a.m. | 5 min 0 s | up 69.3% | $0.5184, down 4.0% | up 43.4% | LULD pause (limit up-limit down) | |
| 9:52 a.m. | 9:57 a.m. | 5 min 0 s | up 33.0% | $0.8801, unchanged | up 22.7% | LULD pause (limit up-limit down) | |
| 9:58 a.m. | 10:03 a.m. | 5 min 0 s | up 22.7% | $1.07, down 0.9% | up 14.0% | LULD pause (limit up-limit down) | |
| 10:04 a.m. | 10:09 a.m. | 5 min 0 s | up 13.0% | $1.24, up 1.6% | down 5.6% | LULD pause (limit up-limit down) | |
| 10:10 a.m. | 10:15 a.m. | 5 min 0 s | down 4.1% | $1.10, down 6.0% | down 9.1% | LULD pause (limit up-limit down) | |
| 10:20 a.m. | 10:25 a.m. | 5 min 0 s | down 13.3% | $0.95, up 8.0% | down 9.5% | LULD pause (limit up-limit down) | |
| 10:28 a.m. | 10:33 a.m. | 5 min 0 s | down 2.3% | $0.8634, up 0.4% | up 10.1% | LULD pause (limit up-limit down) | |
| 11:45 a.m. | 11:50 a.m. | 5 min 0 s | up 29.0% | $1.37, up 6.2% | down 10.9% | LULD pause (limit up-limit down) | |
| 11:51 a.m. | 1:45 p.m. | 113 min 47 s | down 5.4% | $0.95, down 22.1% | up 22.1% | LULD pause (limit up-limit down) | |
| 1:56 p.m. | 2:01 p.m. | 5 min 0 s | up 13.9% | $1.36, up 0.7% | down 2.9% | LULD pause (limit up-limit down) | |
| 2:05 p.m. | 2:10 p.m. | 5 min 0 s | down 2.2% | $1.31, down 0.8% | down 4.6% | LULD pause (limit up-limit down) | |
| 2:15 p.m. | 2:20 p.m. | 5 min 0 s | down 8.1% | $1.26, up 0.8% | down 3.2% | LULD pause (limit up-limit down) | |
| 2:22 p.m. | 2:27 p.m. | 5 min 0 s | down 2.4% | $1.27, up 4.1% | down 14.2% | LULD pause (limit up-limit down) | |
| 3:32 p.m. | 3:37 p.m. | 5 min 0 s | up 12.0% | $1.41, up 0.7% | down 0.7% | 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 KNRX on September 28, 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.