Hindsight Markets Recaps Small-cap stocks on September 22, 2026
IMCC, September 22: a run to $6.43
IMCC opened up 46%, ran to $5.70, 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 $6.43, on 7.1M shares.
The open
It opened up 46%, at $4.51. It ran to $5.70 by 3:17 p.m.
The close
It closed at $4.18, 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 46.2% to $4.51 at the open, ran from the open to the high of $5.70 in 347 minutes, then gave back 128% of that move by 4:00 p.m., trading at $4.18, below the open.
| Time (ET) | What happened |
|---|---|
| 5:04 a.m. | First trade 20% above the previous close of $3.08 |
| 5:09 a.m. | Volume since 4:00 a.m. passes the whole float, 554,524 shares |
| 5:27 a.m. | Pre-market high, $6.43 |
| 5:27 a.m. | High of the day to the close, $6.43 |
| 9:30 a.m. | The open: $4.51, up 46.2% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $4.18, 35.0% 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
- $3.08
- Open, 9:30 a.m.
- $4.51
- Gap at the open
- +46.2%
- Pre-market high
- $6.43 at 5:27 a.m.
- High, 4 a.m. to 4 p.m.
- $6.43 at 5:27 a.m.
- Low, 4 a.m. to 4 p.m.
- $2.90
- Close, 4 p.m.
- $4.18
- Change at 4 p.m.
- +35.5%
- After-hours high, 4 p.m. to 8 p.m.
- $4.33 at 6:46 p.m.
- Volume, 4 a.m. to 4 p.m.
- 13.22 million
- Volume after hours, 4 p.m. to 8 p.m.
- 228,401
- Relative volume by 8 p.m.
- 5.9×
- Float
- 554,524 shares, from filings as of September 22, 2026
- Shares outstanding
- 603,922
- Volume, from the one-minute bars: 7.13 million shares before the 9:30 a.m. open (53%), 1.48 million in the first 30 minutes (11%), and 4.84 million in the rest of the day to 8 p.m. (36%).
- Float rotation, the volume since 4 a.m. against the float of 554,524 shares: past it once at 5:09 a.m., twice at 5:12 a.m., three times at 5:16 a.m.
- Other days IMCC met the small-cap rule in our recaps: 3, the latest on September 24, 2026.
- The next session, September 23, 2026, it was down 29.7% from its previous close at the 4:00 p.m. close.
On the day's lists: the pre-market gappers, gainers, 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 IMCC 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 IMCC on September 22, 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.