Hindsight Markets Recaps Small-cap stocks on September 15, 2026
SUGP, September 15: an 8:00 headline, two walls, and $1.22
SUGP opened up 48% after news, ran to $1.22, then fell below its open by the close.
News via Stock News API
What happened
News at 8:00
Two headlines woke up a quiet stock: an acquisition plan and X-ray distribution rights. It ran to $1.19 by 8:11. By 8:02, more shares had traded than the whole 1.05M float. It opened at $1.05, up 48%.
Two walls above
On this day, sellers stacked stock right over the price. By 9:43, 140K shares sat at $1.15 and 165K at $1.20.
Stop It's 9:44. SUGP is at $1.13. Just above, a large ask wall sits at $1.15 (it peaked near 140,000 shares a minute ago), and another sits at $1.20. Would you buy here?
Press play: the real Level 2, tape and chart run from 9:41 a.m. and stop at 9:44 a.m. ET for your call.
Through to $1.22
Buyers ate both walls. The $1.15 wall went in 1.4 seconds, and the $1.20 wall soon after. It hit $1.22, then fell back to $1.13 the next minute.
The $1.00 bid breaks
Then a big bid built at $1.00, under the price.
Stop It's 10:03. SUGP is at $1.03, down from $1.22 at 9:44. A bid for about 150,000 shares has been sitting at $1.00 since 9:34. Would you buy here?
Press play: the real Level 2, tape and chart run from 10:00 a.m. and stop at 10:03 a.m. ET for your call.
At 10:03:47 sellers hit it. In 8.2 seconds the bid was gone. By 10:12 it was $0.89, and it closed below the $0.71 previous close.
What to take from it: Here both walls broke: the one above led to the high, and the one below led to the slide.
Replay SUGP's day
It starts at 7:56 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 7:59 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 47.6% to $1.05 at the open, ran from the open to the high of $1.22 in 14 minutes, then gave back 340% of that move by 4:00 p.m., trading at $0.6415, below the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 8:00 a.m. | News (PRNewsWire): SU Group Holdings Limited Announces Proposed Acquisition of KM Safety Solution Company Limited | |
| 8:01 a.m. | News (PRNewsWire): SU Group Secures Exclusive Distribution Rights for Portable X-Ray System in Hong Kong and Macau | |
| 8:02 a.m. | First trade 20% above the previous close of $0.7114 | |
| 8:02 a.m. | Volume since 4:00 a.m. passes the whole float, 1.05 million shares | |
| 8:11 a.m. | Pre-market high, $1.19 | |
| 9:30 a.m. | The open: $1.05, up 47.6% from the previous close | |
| 9:44 a.m. | High of the day to the close, $1.22 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $0.6415, 47.4% 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
- $0.7114
- Open, 9:30 a.m.
- $1.05
- Gap at the open
- +47.6%
- Pre-market high
- $1.19 at 8:11 a.m.
- High, 4 a.m. to 4 p.m.
- $1.22 at 9:44 a.m.
- Low, 4 a.m. to 4 p.m.
- $0.64
- Close, 4 p.m.
- $0.6415
- Change at 4 p.m.
- −9.8%
- After-hours high, 4 p.m. to 8 p.m.
- $0.69 at 5:09 p.m.
- Volume, 4 a.m. to 4 p.m.
- 61.61 million
- Volume after hours, 4 p.m. to 8 p.m.
- 1.02 million
- Relative volume by 8 p.m.
- 27.3×
- Float
- 1.05 million shares, from filings as of September 15, 2026
- Shares outstanding
- 1.42 million
- From news to the move: the first trade 20% above the previous close came 1 minute after the latest news item before it (PRNewsWire, 8:01 a.m.).
- Volume, from the one-minute bars: 31.54 million shares before the 9:30 a.m. open (50%), 12.88 million in the first 30 minutes (21%), and 18.21 million in the rest of the day to 8 p.m. (29%).
- Float rotation, the volume since 4 a.m. against the float of 1.05 million shares: past it once at 8:02 a.m., twice at 8:04 a.m., three times at 8:05 a.m.
- Other days SUGP met the small-cap rule in our recaps: 6, the latest on October 13, 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 SUGP 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 SUGP 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.