Hindsight Markets Recaps Small-cap stocks on September 11, 2026
PCLA, September 11: a run to $15.45
PCLA opened up 29%, ran to $15.45, then fell 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 $13.75, on 852K shares.
The open
It opened up 29%, at $12.58. It ran to $15.45 by 10:09 a.m.
The close
It closed at $10.09, 35% under its high.
What to take from it: The whole move was given back: it finished below the price it opened at.
The details
How it traded, step by step
Gap, run and fade. It gapped up 29.4% to $12.58 at the open, ran from the open to the high of $15.45 in 39 minutes, then gave back 187% of that move by 4:00 p.m., trading at $10.09, below the open.
| Time (ET) | What happened |
|---|---|
| 4:00 a.m. | First trade 20% above the previous close of $9.72 |
| 5:53 a.m. | Pre-market high, $13.75 |
| 9:30 a.m. | The open: $12.58, up 29.4% from the previous close |
| 9:45 a.m. | Volume since 4:00 a.m. passes the whole float, 1.05 million shares |
| 10:09 a.m. | High of the day to the close, $15.45 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $10.09, 34.7% 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
- $9.72
- Open, 9:30 a.m.
- $12.58
- Gap at the open
- +29.4%
- Pre-market high
- $13.75 at 5:53 a.m.
- High, 4 a.m. to 4 p.m.
- $15.45 at 10:09 a.m.
- Low, 4 a.m. to 4 p.m.
- $8.75
- Close, 4 p.m.
- $10.09
- Change at 4 p.m.
- +3.8%
- After-hours high, 4 p.m. to 8 p.m.
- $10.11 at 4:00 p.m.
- Volume, 4 a.m. to 4 p.m.
- 3.00 million
- Volume after hours, 4 p.m. to 8 p.m.
- 86,036
- Relative volume by 8 p.m.
- 9.7×
- Float
- 1.05 million shares, from filings as of September 11, 2026
- Shares outstanding
- 4.15 million
- Volume, from the one-minute bars: 852,038 shares before the 9:30 a.m. open (28%), 362,974 in the first 30 minutes (12%), and 1.87 million in the rest of the day to 8 p.m. (61%).
- Float rotation, the volume since 4 a.m. against the float of 1.05 million shares: past it once at 9:45 a.m., twice at 10:44 a.m.
- Other days PCLA met the small-cap rule in our recaps: 4, the latest on October 29, 2026.
On the day's lists: the pre-market gappers, intraday runners. It is here because it met the small-cap rule on the pre-market gappers: 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 (none)
The exchange's halt feed shows no halts for PCLA 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 PCLA 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.