Hindsight Markets Recaps Small-cap stocks on September 15, 2026
MEDS, September 15: five halts and $3.85
MEDS opened near its previous close, then ran to $3.85 through five halts during the session.
What happened
Quiet, then a run
MEDS sat near $0.87 all morning with no news. After noon, volume poured in. At 1:04 p.m. it hit $1.48 and was halted. A 114K-share bid waited at $1.48.
Stop It's 1:09. MEDS has been halted since 1:04 with the last trade at $1.48. The bid at $1.48 showed 114,415 shares at the halt. Would you buy when it reopens?
Press play: the real Level 2, tape and chart run from 1:06 p.m. and stop at 1:09 p.m. ET for your call.
Big bids, then gone
That bid did not stay. It reopened at 1:09:47, and both walls at $1.48 were gone by 1:09:48. Two more halts followed. It reopened at $2.67, and a 260K-share bid at $2.40 was pulled at 1:31:17.
Stop It's 1:32. MEDS is at $3.41. It reopened from a halt at $2.67 two minutes ago and has already passed $3. Would you chase it here?
Press play: the real Level 2, tape and chart run from 1:29 p.m. and stop at 1:32 p.m. ET for your call.
Top and fade
That minute was the top. It hit $3.85, the high of the day. At 1:33:30 it was halted at $2.65, 31% lower. It closed at $1.63. The deal news came at 4:05 p.m., after the close.
What to take from it: On MEDS, big bids during halts did not hold, and the top came within minutes.
Replay MEDS's day
It starts at 12:52 p.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 12:55 p.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
Intraday run. It opened up 1.5% at $0.8949, then ran from the open to the high of $3.85 in 242 minutes through 3 halts.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 8:30 a.m. | Pre-market high, $0.9398 | |
| 9:30 a.m. | The open: $0.8949, up 1.5% from the previous close | |
| 12:57 p.m. | First trade 20% above the previous close of $0.8819 | |
| 1:30 p.m. | Volume since 4:00 a.m. passes the whole float, 2.38 million shares | |
| 1:32 p.m. | High of the day to the close, $3.85 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.63, 57.7% 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
- $0.8819
- Open, 9:30 a.m.
- $0.8949
- Gap at the open
- +1.5%
- Pre-market high
- $0.9398 at 8:30 a.m.
- High, 4 a.m. to 4 p.m.
- $3.85 at 1:32 p.m.
- Low, 4 a.m. to 4 p.m.
- $0.852
- Close, 4 p.m.
- $1.63
- Change at 4 p.m.
- +84.8%
- After-hours high, 4 p.m. to 8 p.m.
- $2.70 at 5:32 p.m.
- Volume, 4 a.m. to 4 p.m.
- 16.34 million
- Volume after hours, 4 p.m. to 8 p.m.
- 5.51 million
- Relative volume by 8 p.m.
- 70.0×
- Float
- 2.38 million shares, from filings as of September 15, 2026
- Shares outstanding
- 3.06 million
- Volume, from the one-minute bars: 1,611 shares before the 9:30 a.m. open (0%), 3,933 in the first 30 minutes (0%), and 21.84 million in the rest of the day to 8 p.m. (100%).
- Float rotation, the volume since 4 a.m. against the float of 2.38 million shares: past it once at 1:30 p.m., twice at 1:39 p.m., three times at 1:48 p.m.
- Other days MEDS met the small-cap rule in our recaps: 8, the latest on October 12, 2026.
- The next session, September 16, 2026, it was up 274.1% from its previous close at the 4:00 p.m. close.
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 (5)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed | Watch it |
|---|---|---|---|---|---|---|---|
| 1:04 p.m. | 1:09 p.m. | 5 min 0 s | up 31.0% | $1.48, unchanged | up 20.3% | LULD pause (limit up-limit down) | |
| 1:10 p.m. | 1:20 p.m. | 10 min 0 s | up 20.3% | $2.00, up 12.4% | LULD pause (limit up-limit down) | ||
| 1:20 p.m. | 1:30 p.m. | 10 min 0 s | up 34.8% | $2.67, up 11.3% | down 0.7% | LULD pause (limit up-limit down) | |
| 1:33 p.m. | 1:38 p.m. | 5 min 0 s | up 10.4% | $2.69, up 1.5% | up 12.6% | LULD pause (limit up-limit down) | |
| 2:01 p.m. | 2:06 p.m. | 5 min 0 s | down 26.3% | $2.04, down 0.5% | up 13.7% | 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 MEDS on September 15, 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.