Hindsight Markets Recaps Small-cap stocks on September 25, 2026
KITT, September 25: a 3:55 a.m. headline, a 9:00 reopen, and $8.39
KITT spiked to $8.39 before the open after an 8-K, then gave much of it back in the session.
News via Stock News API
What happened
Halted overnight
KITT closed at $2.95 the day before. It was halted at 3:04 a.m. At 3:55 a headline said the company had signed a letter of intent for up to $50 million.
Stop It's 9:00. KITT's first print after the 3:04 a.m. halt is $3.61. The previous close was $2.95. A headline about a letter of intent for up to $50 million came out at 3:55. Would you buy the reopen?
Press play: the real Level 2, tape and chart run from 8:57 a.m. and stop at 9:00 a.m. ET for your call.
Spike, then crash
The reopen ran hard and fast. It hit $8.39 at 9:01. Six minutes later it was back to $3.45.
The wall at $2.72
By late morning the stock sat near $2.40 on thin volume. From 11:26 a big offer sat at $2.72, peaking at 41K shares.
Stop It's 11:36. KITT is at $2.39. A large block of shares, tens of thousands, has been offered at $2.72 for about ten minutes. Volume is thin. Would you buy here?
Press play: the real Level 2, tape and chart run from 11:33 a.m. and stop at 11:36 a.m. ET for your call.
The wall never traded. At 11:37:36 it was pulled, and the price stayed near $2.40. KITT closed at $2.32.
What to take from it: On a thin stock, the screen price and the big walls can vanish when you need them.
Replay KITT's day
It starts at 1:52 p.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 1:55 p.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
Pre-market spike. Before the open it spiked 184.5% from $2.95 to $8.39 at 9:01 a.m.. It opened up 9.2% at $3.22 and traded at $2.32 at 4:00 p.m.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 3:55 a.m. | News (PRNewsWire): Nauticus Robotics, Inc. Signs Non-Binding Letter of Intent for Strategic Investment of Up to $50 Million | |
| 8:41 a.m. | SEC filing 8-K: 8-K | |
| 9:00 a.m. | First trade 20% above the previous close of $2.95 | |
| 9:01 a.m. | Pre-market high, $8.39 | |
| 9:01 a.m. | High of the day to the close, $8.39 | |
| 9:04 a.m. | Volume since 4:00 a.m. passes the whole float, 989,853 shares | |
| 9:30 a.m. | The open: $3.22, up 9.2% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $2.32, 72.3% 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
- $2.95
- Open, 9:30 a.m.
- $3.22
- Gap at the open
- +9.2%
- Pre-market high
- $8.39 at 9:01 a.m.
- High, 4 a.m. to 4 p.m.
- $8.39 at 9:01 a.m.
- Low, 4 a.m. to 4 p.m.
- $2.19
- Close, 4 p.m.
- $2.32
- Change at 4 p.m.
- −21.3%
- After-hours high, 4 p.m. to 8 p.m.
- $2.86 at 4:43 p.m.
- Volume, 4 a.m. to 4 p.m.
- 4.88 million
- Volume after hours, 4 p.m. to 8 p.m.
- 813,530
- Relative volume by 8 p.m.
- 45.3×
- Float
- 989,853 shares, from filings as of September 25, 2026
- Shares outstanding
- 1.25 million
- From news to the move: the first trade 20% above the previous close came 18 minutes after the latest SEC filing before it (8-K, 8:41 a.m.).
- Volume, from the one-minute bars: 3.46 million shares before the 9:30 a.m. open (61%), 741,850 in the first 30 minutes (13%), and 1.49 million in the rest of the day to 8 p.m. (26%).
- Float rotation, the volume since 4 a.m. against the float of 989,853 shares: past it once at 9:04 a.m., twice at 9:08 a.m., three times at 9:17 a.m.
- Other days KITT met the small-cap rule in our recaps: 1, the latest on September 1, 2026.
On the day's lists: the intraday runners. It is here because it met the small-cap rule on the intraday runners: 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 (1)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed | Watch it |
|---|---|---|---|---|---|---|---|
| 3:04 a.m. | 9:00 a.m. | 355 min 6 s | $3.61 | up 28.3% | No reason given in the feed |
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 KITT on September 25, 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.