Hindsight Markets Recaps Small-cap stocks on September 11, 2026
BENF, September 11: three halts, $2.77, and the bid at $1.15
BENF opened up 12%, ran to $2.77 through three halts, then fell below its open by the close.
What happened
No news, then halts
The data shows no news, yet it opened at $1.30. At 10:02:04 a pause froze it at $1.83. It reopened 23% higher at $2.26, then was halted again at 10:12:30.
A 32K-share bid at $2.80 was pulled at 10:17:31, one second after the reopen at $2.72.
Stop It's 10:18. BENF is at $2.69, more than double the $1.30 open, and it just reopened from its second halt at $2.72. Would you buy here?
Press play: the real Level 2, tape and chart run from 10:15 a.m. and stop at 10:18 a.m. ET for your call.
The top
That minute made the high, $2.77, then closed at $2.24. Three ask walls were pulled at the third halt, at 10:20:33. By 10:26 it was 51% off the top, at $1.37.
The bid at $1.15
From 10:38, a bid sat at $1.15.
Stop It's 10:44. BENF is at $1.28, well below the $2.77 high. Someone has been bidding for stock at $1.15 since 10:38. Would you buy here?
Press play: the real Level 2, tape and chart run from 10:41 a.m. and stop at 10:44 a.m. ET for your call.
Sellers ate it. It grew to 66K shares, then 23K traded into it in 31.4 seconds and it was gone. It closed at $1.06.
What to take from it: On BENF, big bids and walls did not hold the price.
Replay BENF's day
It starts at 9:54 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 9:57 a.m. and asks what you would do. Or press Play on any moment in How it traded.
The details
How it traded, step by step
Gap, run and fade. It gapped up 12.1% to $1.30 at the open, ran from the open to the high of $2.77 in 48 minutes through two halts, then gave back 116% of that move by 4:00 p.m., trading at $1.06, below the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 8:34 a.m. | First trade 20% above the previous close of $1.16 | |
| 8:36 a.m. | Pre-market high, $1.53 | |
| 9:30 a.m. | The open: $1.30, up 12.1% from the previous close | |
| 10:18 a.m. | High of the day to the close, $2.77 | |
| 10:26 a.m. | Volume since 4:00 a.m. passes the whole float, 2.33 million shares | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.06, 61.7% 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
- $1.16
- Open, 9:30 a.m.
- $1.30
- Gap at the open
- +12.1%
- Pre-market high
- $1.53 at 8:36 a.m.
- High, 4 a.m. to 4 p.m.
- $2.77 at 10:18 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.03
- Close, 4 p.m.
- $1.06
- Change at 4 p.m.
- −8.6%
- After-hours high, 4 p.m. to 8 p.m.
- $1.16 at 5:41 p.m.
- Volume, 4 a.m. to 4 p.m.
- 5.63 million
- Volume after hours, 4 p.m. to 8 p.m.
- 361,634
- Relative volume by 8 p.m.
- n/m
- Float
- 2.33 million shares, from filings as of September 11, 2026
- Shares outstanding
- 15.46 million
- Volume, from the one-minute bars: 30,384 shares before the 9:30 a.m. open (1%), 17,489 in the first 30 minutes (0%), and 5.95 million in the rest of the day to 8 p.m. (99%).
- Float rotation, the volume since 4 a.m. against the float of 2.33 million shares: past it once at 10:26 a.m., twice at 10:50 a.m.
- Other days BENF met the small-cap rule in our recaps: 3, the latest on September 25, 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 (3)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed | Watch it |
|---|---|---|---|---|---|---|---|
| 10:02 a.m. | 10:12 a.m. | 10 min 4 s | up 24.1% | $2.26, up 23.5% | LULD pause (limit up-limit down) | ||
| 10:12 a.m. | 10:17 a.m. | 5 min 0 s | up 48.1% | $2.72, up 0.4% | down 31.3% | LULD pause (limit up-limit down) | |
| 10:20 a.m. | 10:25 a.m. | 5 min 0 s | down 31.0% | $1.87, unchanged | down 19.8% | 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 BENF on September 11, 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.