Hindsight Markets Recaps Small-cap stocks on November 4, 2026
PMAX, November 4: a run to $1.09
PMAX opened up 16%, ran to $1.09, and held most of the move into the close.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $0.84, on 404K shares.
The open
It opened up 16%, at $0.78. It ran to $1.09 by 3:26 p.m.
The close
It closed at $1.05, near its high.
What to take from it: A gap that holds above its open can keep going: this one held most of its move to the close.
The details
How it traded, step by step
Gap and go. It gapped up 15.6% to $0.78 at the open, ran from the open to the high of $1.09 in 356 minutes, and held most of the move into the close: it gave back 13% of it by 4:00 p.m.
| Time (ET) | What happened |
|---|---|
| 6:04 a.m. | First trade 20% above the previous close of $0.675 |
| 6:04 a.m. | Pre-market high, $0.84 |
| 9:30 a.m. | The open: $0.78, up 15.6% from the previous close |
| 3:10 p.m. | Volume since 4:00 a.m. passes the whole float, 1.31 million shares |
| 3:26 p.m. | High of the day to the close, $1.09 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.05, 3.7% 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
- $0.675
- Open, 9:30 a.m.
- $0.78
- Gap at the open
- +15.6%
- Pre-market high
- $0.84 at 6:04 a.m.
- High, 4 a.m. to 4 p.m.
- $1.09 at 3:26 p.m.
- Low, 4 a.m. to 4 p.m.
- $0.4801
- Close, 4 p.m.
- $1.05
- Change at 4 p.m.
- +55.6%
- After-hours high, 4 p.m. to 8 p.m.
- $1.21 at 5:12 p.m.
- Volume, 4 a.m. to 4 p.m.
- 3.02 million
- Volume after hours, 4 p.m. to 8 p.m.
- 1.80 million
- Relative volume by 8 p.m.
- 17.1×
- Float
- 1.31 million shares, from filings as of November 4, 2026
- Shares outstanding
- 1.31 million
- Volume, from the one-minute bars: 404,262 shares before the 9:30 a.m. open (8%), 37,943 in the first 30 minutes (1%), and 4.38 million in the rest of the day to 8 p.m. (91%).
- Float rotation, the volume since 4 a.m. against the float of 1.31 million shares: past it once at 3:10 p.m., twice at 3:40 p.m., three times at 5:11 p.m.
- Other days PMAX met the small-cap rule in our recaps: 3, the latest on October 1, 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 PMAX 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 PMAX on November 4, 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.