Hindsight Markets Recaps Small-cap stocks on September 23, 2026
FTFT, September 23: a quiet morning, two halts, and $6.13
FTFT opened near its previous close, then ran to $6.13 through two halts during the session.
What happened
A quiet start
FTFT drifted all morning with no news. It opened at $3.89, under the $4.02 close. At 11:09 it woke up, going from $4.01 to $4.19 on 27K shares.
Stop It's 11:26. FTFT opened this minute at $4.53 and has gone from $4.01 at 11:09 to $4.51 at 11:25, with 27,051 shares in the 11:09 minute. Would you buy here?
Press play: the real Level 2, tape and chart run from 11:23 a.m. and stop at 11:26 a.m. ET for your call.
Two halts
It was halted at 11:26:47 at $4.87. It reopened at 11:37:33 at $5.55, 14% higher.
A second halt came at 11:38:03, and it reopened at $5.00.
A push at 12:05
It then ran from $4.64 to $5.65, and pushed again at 12:05.
Stop It's 12:12. FTFT is at $5.89 and has run from $5.31 at 12:05. It reached $6.07 in the 12:11 minute. Would you buy here?
Press play: the real Level 2, tape and chart run from 12:09 p.m. and stop at 12:12 p.m. ET for your call.
That minute it hit $6.13, the high of the day. It faded to $4.18 by 12:56, and the last regular bar closed at $4.35.
What to take from it: On this no-news day, the first reopen cost far more than the screen showed, and the $6.13 top never came back.
Replay FTFT's day
It starts at 11:48 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 11:51 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
Intraday run. It opened down 3.2% at $3.89, then ran from the open to the high of $6.13 in 162 minutes through two halts.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:00 a.m. | Pre-market high, $4.11 | |
| 9:30 a.m. | The open: $3.89, down 3.2% from the previous close | |
| 11:26 a.m. | First trade 20% above the previous close of $4.02 | |
| 12:12 p.m. | High of the day to the close, $6.13 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $4.43, 27.7% 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
- $4.02
- Open, 9:30 a.m.
- $3.89
- Gap at the open
- −3.2%
- Pre-market high
- $4.11 at 4:00 a.m.
- High, 4 a.m. to 4 p.m.
- $6.13 at 12:12 p.m.
- Low, 4 a.m. to 4 p.m.
- $3.83
- Close, 4 p.m.
- $4.43
- Change at 4 p.m.
- +10.2%
- After-hours high, 4 p.m. to 8 p.m.
- $4.53 at 4:59 p.m.
- Volume, 4 a.m. to 4 p.m.
- 2.24 million
- Volume after hours, 4 p.m. to 8 p.m.
- 29,260
- Relative volume by 8 p.m.
- 0.5×
- Float
- 7.91 million shares, from filings as of September 23, 2026
- Shares outstanding
- 8.06 million
- Volume, from the one-minute bars: 3,415 shares before the 9:30 a.m. open (0%), 18,910 in the first 30 minutes (1%), and 2.24 million in the rest of the day to 8 p.m. (99%).
- Other days FTFT met the small-cap rule in our recaps: 6, the latest on October 28, 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 (2)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed | Watch it |
|---|---|---|---|---|---|---|---|
| 11:26 a.m. | 11:37 a.m. | 10 min 46 s | up 15.4% | $5.55, up 14.0% | down 9.9% | LULD pause (limit up-limit down) | |
| 11:38 a.m. | 11:43 a.m. | 5 min 0 s | up 2.7% | $5.00, unchanged | up 2.0% | 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 FTFT on September 23, 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.