Hindsight Markets Recaps Small-cap stocks on September 8, 2026
ORBS, September 8: a run to $1.20
ORBS opened near its previous close, then ran to $1.20 during the session.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $1.02, on 442K shares.
The open
It opened near its previous close, at $0.9859. It ran to $1.20 by 2:43 p.m.
The close
It closed at $1.14, 5% under its high.
What to take from it: The move came during the session, not at the open.
The details
How it traded, step by step
Intraday run. It opened up 9.1% at $0.9859, then ran from the open to the high of $1.20 in 313 minutes.
| Time (ET) | What happened |
|---|---|
| 4:05 a.m. | Pre-market high, $1.02 |
| 9:30 a.m. | The open: $0.9859, up 9.1% from the previous close |
| 10:53 a.m. | First trade 20% above the previous close of $0.9036 |
| 2:43 p.m. | High of the day to the close, $1.20 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.14, 5.0% 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
- $0.9036
- Open, 9:30 a.m.
- $0.9859
- Gap at the open
- +9.1%
- Pre-market high
- $1.02 at 4:05 a.m.
- High, 4 a.m. to 4 p.m.
- $1.20 at 2:43 p.m.
- Low, 4 a.m. to 4 p.m.
- $0.96
- Close, 4 p.m.
- $1.14
- Change at 4 p.m.
- +26.2%
- After-hours high, 4 p.m. to 8 p.m.
- $1.17 at 4:52 p.m.
- Volume, 4 a.m. to 4 p.m.
- 7.54 million
- Volume after hours, 4 p.m. to 8 p.m.
- 169,990
- Relative volume by 8 p.m.
- 1.8×
- Float
- 326.90 million shares, from filings as of September 8, 2026
- Shares outstanding
- 429.78 million
- Volume, from the one-minute bars: 441,595 shares before the 9:30 a.m. open (6%), 533,790 in the first 30 minutes (7%), and 6.74 million in the rest of the day to 8 p.m. (87%).
- In our recaps, this is the only day ORBS met the small-cap rule.
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 ORBS 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 ORBS 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.