Hindsight Markets Recaps Small-cap stocks on October 8, 2026
IPW, October 8: a run to $2.00
IPW opened up 26%, ran to $1.57, then fell below its open by the close.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $2.00, on 12M shares.
The open
It opened up 26%, at $1.31. It ran to $1.57 by 9:40 a.m.
The close
It closed at $0.948, 53% under its high.
What to take from it: The whole move was given back: it finished below the price it opened at.
The details
How it traded, step by step
Gap, run and fade. It gapped up 26.0% to $1.31 at the open, ran from the open to the high of $1.57 in 10 minutes, then gave back 239% of that move by 4:00 p.m., trading at $0.948, below the open.
| Time (ET) | What happened |
|---|---|
| 4:00 a.m. | First trade 20% above the previous close of $1.04 |
| 4:11 a.m. | Pre-market high, $2.00 |
| 4:11 a.m. | Volume since 4:00 a.m. passes the whole float, 1.26 million shares |
| 4:11 a.m. | High of the day to the close, $2.00 |
| 9:30 a.m. | The open: $1.31, up 26.0% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $0.948, 52.6% 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
- $1.04
- Open, 9:30 a.m.
- $1.31
- Gap at the open
- +26.0%
- Pre-market high
- $2.00 at 4:11 a.m.
- High, 4 a.m. to 4 p.m.
- $2.00 at 4:11 a.m.
- Low, 4 a.m. to 4 p.m.
- $0.92
- Close, 4 p.m.
- $0.948
- Change at 4 p.m.
- −8.8%
- After-hours high, 4 p.m. to 8 p.m.
- $1.22 at 4:38 p.m.
- Volume, 4 a.m. to 4 p.m.
- 19.99 million
- Volume after hours, 4 p.m. to 8 p.m.
- 745,734
- Relative volume by 8 p.m.
- 19.9×
- Float
- 1.26 million shares, from filings as of October 8, 2026
- Shares outstanding
- 1.26 million
- Volume, from the one-minute bars: 12.36 million shares before the 9:30 a.m. open (60%), 4.07 million in the first 30 minutes (20%), and 4.31 million in the rest of the day to 8 p.m. (21%).
- Float rotation, the volume since 4 a.m. against the float of 1.26 million shares: past it once at 4:11 a.m., twice at 4:13 a.m., three times at 4:18 a.m.
- Other days IPW met the small-cap rule in our recaps: 4, the latest on October 12, 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 IPW 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 IPW on October 8, 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.