Hindsight Markets Recaps Small-cap stocks on September 16, 2026
MKDW, September 16: two halts and $9.25
MKDW opened near its previous close, then ran to $9.25 through two halts during the session.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $6.55, on 2K shares.
The open
It opened near its previous close, at $6.46. It ran to $9.25 by 2:35 p.m.
The halts
Each halt froze the price and reopened it somewhere new. The exchange halted it two times, from 2:06 p.m. to 2:20 p.m.
The close
It closed at $7.80, 16% 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 down 1.8% at $6.46, then ran from the open to the high of $9.25 in 305 minutes through two halts.
| Time (ET) | What happened |
|---|---|
| 9:22 a.m. | Pre-market high, $6.55 |
| 9:30 a.m. | The open: $6.46, down 1.8% from the previous close |
| 2:16 p.m. | First trade 20% above the previous close of $6.58 |
| 2:35 p.m. | High of the day to the close, $9.25 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $7.80, 15.7% 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
- $6.58
- Open, 9:30 a.m.
- $6.46
- Gap at the open
- −1.8%
- Pre-market high
- $6.55 at 9:22 a.m.
- High, 4 a.m. to 4 p.m.
- $9.25 at 2:35 p.m.
- Low, 4 a.m. to 4 p.m.
- $5.39
- Close, 4 p.m.
- $7.80
- Change at 4 p.m.
- +18.5%
- After-hours high, 4 p.m. to 8 p.m.
- $8.00 at 4:45 p.m.
- Volume, 4 a.m. to 4 p.m.
- 398,614
- Volume after hours, 4 p.m. to 8 p.m.
- 14,955
- Relative volume by 8 p.m.
- 8.8×
- Float
- 7.64 million shares, from filings as of September 16, 2026
- Shares outstanding
- 34.20 million
- Volume, from the one-minute bars: 1,618 shares before the 9:30 a.m. open (0%), 8,603 in the first 30 minutes (2%), and 403,348 in the rest of the day to 8 p.m. (98%).
- Other days MKDW met the small-cap rule in our recaps: 2, the latest on September 17, 2026.
- The next session, September 17, 2026, it was down 6.0% from its previous close at the 4:00 p.m. close.
On the day's lists: the gainers. It is here because it met the small-cap rule on the gainers: 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 (2)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed |
|---|---|---|---|---|---|---|
| 2:06 p.m. | 2:16 p.m. | 10 min 0 s | up 14.1% | $7.65, up 4.8% | up 17.6% | LULD pause (limit up-limit down) |
| 2:20 p.m. | 2:25 p.m. | 5 min 0 s | up 23.3% | $9.00, unchanged | down 5.7% | 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 MKDW on September 16, 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.