Hindsight Markets Recaps Small-cap stocks on September 29, 2026
XRPN, September 29: three halts and $17.00
XRPN opened up 14%, ran to $17.00 through three halts, then gave back most of the run by the close.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $13.49, on 200K shares.
The open
It opened up 14%, at $12.10. It ran to $17.00 by 11:59 a.m.
The halts
Each halt froze the price and reopened it somewhere new. The exchange halted it three times, from 11:23 a.m. to 11:54 a.m. The biggest jump was the reopen after 11:54 a.m.: 5% below the last trade before it.
The close
It closed at $12.84, 24% under its high.
What to take from it: The high came early. Most of the run was gone by the close, so the move was in the morning, not the hold.
The details
How it traded, step by step
Gap, run, gave some back. It gapped up 14.4% to $12.10 at the open, ran from the open to the high of $17.00 in 149 minutes through 3 halts, then gave back 85% of that move by 4:00 p.m., trading at $12.84, still above the open.
| Time (ET) | What happened |
|---|---|
| 8:11 a.m. | First trade 20% above the previous close of $10.57 |
| 8:15 a.m. | Pre-market high, $13.49 |
| 9:30 a.m. | The open: $12.10, up 14.4% from the previous close |
| 11:59 a.m. | High of the day to the close, $17.00 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $12.84, 24.5% 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
- $10.57
- Open, 9:30 a.m.
- $12.10
- Gap at the open
- +14.4%
- Pre-market high
- $13.49 at 8:15 a.m.
- High, 4 a.m. to 4 p.m.
- $17.00 at 11:59 a.m.
- Low, 4 a.m. to 4 p.m.
- $11.00
- Close, 4 p.m.
- $12.84
- Change at 4 p.m.
- +21.4%
- After-hours high, 4 p.m. to 8 p.m.
- $14.15 at 6:56 p.m.
- Volume, 4 a.m. to 4 p.m.
- 1.90 million
- Volume after hours, 4 p.m. to 8 p.m.
- 49,337
- Relative volume by 8 p.m.
- 37.2×
- Float
- 23.31 million shares, from filings as of September 29, 2026
- Shares outstanding
- 31.59 million
- Volume, from the one-minute bars: 199,954 shares before the 9:30 a.m. open (10%), 44,965 in the first 30 minutes (2%), and 1.70 million in the rest of the day to 8 p.m. (87%).
- Other days XRPN met the small-cap rule in our recaps: 4, the latest on October 7, 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 (3)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed |
|---|---|---|---|---|---|---|
| 11:23 a.m. | 11:34 a.m. | 11 min 36 s | up 11.6% | $12.50, down 4.3% | up 0.2% | LULD pause (limit up-limit down) |
| 11:49 a.m. | 11:54 a.m. | 5 min 0 s | up 15.9% | $15.00, down 2.2% | LULD pause (limit up-limit down) | |
| 11:54 a.m. | 11:59 a.m. | 5 min 0 s | up 7.6% | $15.61, down 5.4% | up 1.2% | 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 XRPN on September 29, 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.