Hindsight Markets Recaps Small-cap stocks on September 30, 2026
CMCT, September 30: two halts, a $3.43 bid wall, and $3.85
CMCT opened near its previous close, then ran to $3.85 through two halts during the session.
What happened
Draft for review. Not published.
Quiet start, fast climb
The day had no fresh news, only a dividend notice the day before. CMCT opened at $1.93 and barely traded. Then it ran, and it was halted at 10:11:20 at $2.78.
Stop It's 10:27. CMCT is at $3.06, up from $2.50 three minutes ago. Volume is heavy. Would you buy here?
Press play: the real Level 2, tape and chart run from 10:24 a.m. and stop at 10:27 a.m. ET for your call.
A 136K-share bid showed up at $3.43. The stock ran to $3.43 and was halted at 10:27:53. The bid sat through the halt and was pulled at 10:32:54, one second after the reopen. A sell order swept down to $3.17.
The $2.72 bid
It still hit $3.85 in the 10:36 minute, then slid. From 10:51:49 a bid sat at $2.72.
Stop It's 10:52. CMCT is at $2.77, down from a high of $3.85 at 10:36. A bid wall has been building at $2.72, just below. Would you buy here?
Press play: the real Level 2, tape and chart run from 10:49 a.m. and stop at 10:52 a.m. ET for your call.
Sellers ate it. At 10:52:48, 26K shares traded at $2.72 in under a second. The minute closed at $2.69.
The close
Afternoon pushes stalled near $3.10. It closed at $2.93, after 10.8M shares, about 3.7 times the float.
What to take from it: On CMCT, a huge bid that sat through a halt was gone one second after the reopen.
Replay CMCT'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
Intraday run. It opened up 0.5% at $1.93, then ran from the open to the high of $3.85 in 66 minutes through two halts.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 9:30 a.m. | The open: $1.93, up 0.5% from the previous close | |
| 9:57 a.m. | First trade 20% above the previous close of $1.92 | |
| 10:33 a.m. | Volume since 4:00 a.m. passes the whole float, 2.95 million shares | |
| 10:36 a.m. | High of the day to the close, $3.85 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $2.93, 23.9% 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
- $1.92
- Open, 9:30 a.m.
- $1.93
- Gap at the open
- +0.5%
- Pre-market high
- not available
- High, 4 a.m. to 4 p.m.
- $3.85 at 10:36 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.93
- Close, 4 p.m.
- $2.93
- Change at 4 p.m.
- +52.6%
- After-hours high, 4 p.m. to 8 p.m.
- $3.14 at 4:23 p.m.
- Volume, 4 a.m. to 4 p.m.
- 10.84 million
- Volume after hours, 4 p.m. to 8 p.m.
- 297,783
- Relative volume by 8 p.m.
- 876.4×
- Float
- 2.95 million shares, from filings as of September 30, 2026
- Shares outstanding
- 2.95 million
- Volume, from the one-minute bars: 0 shares before the 9:30 a.m. open (0%), 9,946 in the first 30 minutes (0%), and 11.12 million in the rest of the day to 8 p.m. (100%).
- Float rotation, the volume since 4 a.m. against the float of 2.95 million shares: past it once at 10:33 a.m., twice at 10:41 a.m., three times at 12:45 p.m.
- In our recaps, this is the only day CMCT met the small-cap rule.
On the day's lists: the gainers, intraday runners. It is here because it met the small-cap rule on the gainers: price $2 to $20, up 10% or more, relative volume 5× or more, float under 20 million shares, 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 |
|---|---|---|---|---|---|---|---|
| 10:11 a.m. | 10:16 a.m. | 5 min 0 s | up 24.7% | $2.76, down 0.7% | up 12.0% | LULD pause (limit up-limit down) | |
| 10:27 a.m. | 10:32 a.m. | 5 min 0 s | up 34.5% | $3.40, down 0.9% | up 7.9% | 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 CMCT on September 30, 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.