Hindsight Markets Recaps Small-cap stocks on October 27, 2026
PARA, October 27: a 57% spike at noon, then back to $4.25
PARA opened up 11%, ran to $6.43 through six halts, then fell below its open by the close.
What happened
Draft for review. Not published.
A quiet morning, then a climb
PARA opened at $4.57 and was halted at 9:34:03, then reopened near $4.21. From $4.81 at 11:44 it climbed to $5.62 by the end of the 11:50 minute, trading up to 2,280 shares a minute. That minute the stock was halted at 11:50:54.
The reopen that made the high
The pause lasted until 12:01:00. It reopened at $6.34, 13% above the last trade, and touched $6.43, the high of the day. That one minute traded 59K shares, more than the whole morning combined. By its end the price was back at $5.41.
Another halt came at 12:02:05. It reopened at 12:07:05 near $5.40 and fell to $4.81 within the minute. A bounce at 12:08 reached $5.30, below the 12:01 high.
The slide, and a late jolt
The price slid through the afternoon. Halts at 12:16 and 12:37 did not stop it, and it hit the low of the day, $3.22, at 12:58. From 13:22 to 15:50 it traded between $3.50 and $3.95.
A final halt began at 3:55:41 and ended at the 4:00 bell. The last regular-session trade before that halt was $4.25, 34% under the high. Regular-session volume was 348K shares, against a float of 397K.
What to take from it: PARA's spike was brief: a halt reopened at $6.34, the stock touched $6.43, and by the end of the 12:07 minute it traded at $4.94.
The details
How it traded, step by step
Gap, run and fade. It gapped up 11.4% to $4.57 at the open, ran from the open to the high of $6.43 in 151 minutes through two halts, then gave back 117% of that move by 4:00 p.m., trading at $4.25, below the open.
| Time (ET) | What happened |
|---|---|
| 9:10 a.m. | Pre-market high, $4.50 |
| 9:30 a.m. | The open: $4.57, up 11.4% from the previous close |
| 11:46 a.m. | First trade 20% above the previous close of $4.10 |
| 12:01 p.m. | High of the day to the close, $6.43 |
| 3:55 p.m. | Last trade before the 4:00 p.m. close, $4.25, 33.9% below the high |
| 6:09 p.m. | Volume since 4:00 a.m. passes the whole float, 397,430 shares |
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
- $4.10
- Open, 9:30 a.m.
- $4.57
- Gap at the open
- +11.4%
- Pre-market high
- $4.50 at 9:10 a.m.
- High, 4 a.m. to 4 p.m.
- $6.43 at 12:01 p.m.
- Low, 4 a.m. to 4 p.m.
- $3.22
- Close, 4 p.m.
- $4.25
- Change at 4 p.m.
- +3.6%
- After-hours high, 4 p.m. to 8 p.m.
- $4.50 at 4:02 p.m.
- Volume, 4 a.m. to 4 p.m.
- 349,214
- Volume after hours, 4 p.m. to 8 p.m.
- 52,254
- Relative volume by 8 p.m.
- 26.6×
- Float
- 397,430 shares, from filings as of October 27, 2026
- Shares outstanding
- 521,103
- Volume, from the one-minute bars: 780 shares before the 9:30 a.m. open (0%), 5,086 in the first 30 minutes (1%), and 395,602 in the rest of the day to 8 p.m. (99%).
- Float rotation, the volume since 4 a.m. against the float of 397,430 shares: past it once at 6:09 p.m.
- Other days PARA met the small-cap rule in our recaps: 4, the latest on November 3, 2026.
On the day's lists: the intraday runners. It is here because it met the small-cap rule on the intraday runners: 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 (6)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed |
|---|---|---|---|---|---|---|
| 9:34 a.m. | 9:39 a.m. | 5 min 0 s | down 10.9% | $4.21, up 5.0% | up 3.3% | LULD pause (limit up-limit down) |
| 11:50 a.m. | 12:01 p.m. | 10 min 6 s | up 14.7% | $6.34, up 12.8% | down 14.7% | LULD pause (limit up-limit down) |
| 12:02 p.m. | 12:07 p.m. | 5 min 0 s | down 3.7% | $5.40, down 0.2% | down 15.0% | LULD pause (limit up-limit down) |
| 12:16 p.m. | 12:21 p.m. | 5 min 0 s | down 9.2% | $4.30, up 3.1% | up 4.7% | LULD pause (limit up-limit down) |
| 12:37 p.m. | 12:42 p.m. | 5 min 0 s | down 11.0% | $3.90, up 4.3% | down 2.6% | LULD pause (limit up-limit down) |
| 3:55 p.m. | 4:00 p.m. | 4 min 19 s | up 13.3% | $4.38, up 3.1% | down 13.2% | 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 PARA on October 27, 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.