Hindsight Markets Recaps Small-cap stocks on September 8, 2026
GMEX, September 8: a gap that faded
GMEX opened up 10%, then faded 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 $1.31, on 14M shares.
The open
It opened up 10%, at $0.8166.
The close
It closed at $0.6331, 52% under its high.
What to take from it: A big gap is not a trend. This one traded below its open by the close.
The details
How it traded, step by step
Gap and fade. It gapped up 10.3% to $0.8166 at the open and traded below the open by 4:00 p.m., at $0.6331.
| Time (ET) | What happened |
|---|---|
| 4:00 a.m. | First trade 20% above the previous close of $0.7403 |
| 4:00 a.m. | Pre-market high, $1.31 |
| 4:00 a.m. | High of the day to the close, $1.31 |
| 4:01 a.m. | Volume since 4:00 a.m. passes the whole float, 904,217 shares |
| 9:30 a.m. | The open: $0.8166, up 10.3% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $0.6331, 51.7% 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
- $0.7403
- Open, 9:30 a.m.
- $0.8166
- Gap at the open
- +10.3%
- Pre-market high
- $1.31 at 4:00 a.m.
- High, 4 a.m. to 4 p.m.
- $1.31 at 4:00 a.m.
- Low, 4 a.m. to 4 p.m.
- $0.6302
- Close, 4 p.m.
- $0.6331
- Change at 4 p.m.
- −14.5%
- After-hours high, 4 p.m. to 8 p.m.
- $0.80 at 5:01 p.m.
- Volume, 4 a.m. to 4 p.m.
- 16.70 million
- Volume after hours, 4 p.m. to 8 p.m.
- 1.15 million
- Relative volume by 8 p.m.
- 69.3×
- Float
- 904,217 shares, from filings as of September 8, 2026
- Shares outstanding
- 906,129
- Volume, from the one-minute bars: 13.61 million shares before the 9:30 a.m. open (76%), 1.00 million in the first 30 minutes (6%), and 3.23 million in the rest of the day to 8 p.m. (18%).
- Float rotation, the volume since 4 a.m. against the float of 904,217 shares: past it once at 4:01 a.m., twice at 4:04 a.m., three times at 4:12 a.m.
- Other days GMEX met the small-cap rule in our recaps: 3, the latest on November 2, 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 GMEX 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 GMEX on September 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.