Hindsight Markets Recaps Small-cap stocks on September 16, 2026
RETO, September 16: eight halts and $20.85
RETO opened up 63%, ran to $20.85 through eight halts, 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 $5.52, on 13M shares.
The open
It opened up 63%, at $4.57. It ran to $20.85 by 11:16 a.m.
The halts
Each halt froze the price and reopened it somewhere new. The exchange halted it eight times, from 9:36 a.m. to 3:10 p.m. The biggest jump was the reopen after 10:15 a.m.: 25% above the last trade before it.
The close
It closed at $1.83, 91% 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 63.2% to $4.57 at the open, ran from the open to the high of $20.85 in 106 minutes through 4 halts, then gave back 117% of that move by 4:00 p.m., trading at $1.83, below the open.
| Time (ET) | What happened |
|---|---|
| 4:00 a.m. | First trade 20% above the previous close of $2.80 |
| 4:01 a.m. | Pre-market high, $5.52 |
| 9:30 a.m. | The open: $4.57, up 63.2% from the previous close |
| 11:07 a.m. | Volume since 4:00 a.m. passes the whole float, 35.85 million shares |
| 11:16 a.m. | High of the day to the close, $20.85 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.83, 91.2% 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
- $2.80
- Open, 9:30 a.m.
- $4.57
- Gap at the open
- +63.2%
- Pre-market high
- $5.52 at 4:01 a.m.
- High, 4 a.m. to 4 p.m.
- $20.85 at 11:16 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.58
- Close, 4 p.m.
- $1.83
- Change at 4 p.m.
- −34.6%
- After-hours high, 4 p.m. to 8 p.m.
- $2.64 at 6:00 p.m.
- Volume, 4 a.m. to 4 p.m.
- 64.30 million
- Volume after hours, 4 p.m. to 8 p.m.
- 6.97 million
- Relative volume by 8 p.m.
- 13.9×
- Float
- 35.85 million shares, from filings as of September 16, 2026
- Shares outstanding
- 35.85 million
- Volume, from the one-minute bars: 13.33 million shares before the 9:30 a.m. open (19%), 7.43 million in the first 30 minutes (10%), and 50.52 million in the rest of the day to 8 p.m. (71%).
- Float rotation, the volume since 4 a.m. against the float of 35.85 million shares: past it once at 11:07 a.m.
- Other days RETO met the small-cap rule in our recaps: 5, the latest on October 5, 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 (8)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed |
|---|---|---|---|---|---|---|
| 9:36 a.m. | 9:51 a.m. | 14 min 51 s | up 34.9% | $6.24, up 14.5% | up 0.3% | LULD pause (limit up-limit down) |
| 10:15 a.m. | 10:36 a.m. | 20 min 14 s | up 29.1% | $9.70, up 25.0% | up 46.8% | LULD pause (limit up-limit down) |
| 10:39 a.m. | 10:44 a.m. | 5 min 0 s | up 83.5% | $13.50, down 5.2% | up 1.3% | LULD pause (limit up-limit down) |
| 10:52 a.m. | 10:57 a.m. | 5 min 0 s | up 20.9% | $16.80, down 0.8% | down 14.5% | LULD pause (limit up-limit down) |
| 12:09 p.m. | 12:14 p.m. | 5 min 0 s | down 22.9% | $8.50, up 1.1% | up 4.9% | LULD pause (limit up-limit down) |
| 2:42 p.m. | 2:47 p.m. | 5 min 0 s | down 29.0% | $5.00, up 7.3% | down 2.6% | LULD pause (limit up-limit down) |
| 2:54 p.m. | 2:59 p.m. | 5 min 0 s | down 25.9% | $3.73, up 0.3% | down 12.1% | LULD pause (limit up-limit down) |
| 3:10 p.m. | 3:15 p.m. | 5 min 0 s | down 20.5% | $3.30, up 18.3% | down 17.6% | 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 RETO 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.