Hindsight Markets Recaps Small-cap stocks on September 30, 2026
PWCM, September 30: a wall at $1.49 and an after-hours spike to $1.52
PWCM opened near its previous close after an 8-K, then ran to $1.49 through one halt during the session.
News via Stock News API
What happened
Debt news, then a wall
The 8:30 a.m. news said the company cut its debt about 94%. It opened at $1.06 and drifted under $1.20 until 9:56.
Stop It's 9:57. PWCM is at $1.30, up from $1.16 two minutes ago. A large block of shares has just appeared offered at $1.49. Would you buy here?
Press play: the real Level 2, tape and chart run from 9:54 a.m. and stop at 9:57 a.m. ET for your call.
The ask wall peaked at 76K shares. The high was $1.49, right at the wall. By 9:58 the stock was $1.13.
Halt and a pulled bid
A five-minute halt hit at 9:58:52. It reopened at 10:03:52 at $1.07.
Stop It's 10:04. PWCM reopened a minute ago at $1.07 and is at $1.06, down from $1.49 seven minutes ago. The bid of about 26,000 shares at $0.95 that sat there since the open has just disappeared. Would you buy the dip?
Press play: the real Level 2, tape and chart run from 10:01 a.m. and stop at 10:04 a.m. ET for your call.
The $0.95 bid was pulled at 10:03:54. That minute the stock hit $0.87.
Close and after hours
It closed at $1.13. After hours it spiked to $1.52, with no new headline in our data.
What to take from it: The big ask marked the high, and the big bid vanished before the drop.
Replay PWCM's day
It starts at 9:39 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 9:42 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 up 7.4% at $1.06, then ran from the open to the high of $1.49 in 27 minutes.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 8:30 a.m. | News (GlobeNewsWire): PowerCompute Repays Arch Bitcoin-Backed Facility, Releases All Bitcoin Collateral and Achieves Approximately 94% Reduction in Total Debt | |
| 8:30 a.m. | SEC filing 8-K: 8-K | |
| 9:25 a.m. | Pre-market high, $1.11 | |
| 9:30 a.m. | The open: $1.06, up 7.4% from the previous close | |
| 9:45 a.m. | First trade 20% above the previous close of $0.9869 | |
| 9:57 a.m. | High of the day to the close, $1.49 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.11, 25.5% below the high | |
| 6:12 p.m. | Volume since 4:00 a.m. passes the whole float, 2.41 million shares |
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
- $0.9869
- Open, 9:30 a.m.
- $1.06
- Gap at the open
- +7.4%
- Pre-market high
- $1.11 at 9:25 a.m.
- High, 4 a.m. to 4 p.m.
- $1.49 at 9:57 a.m.
- Low, 4 a.m. to 4 p.m.
- $0.87
- Close, 4 p.m.
- $1.11
- Change at 4 p.m.
- +12.5%
- After-hours high, 4 p.m. to 8 p.m.
- $1.52 at 6:19 p.m.
- Volume, 4 a.m. to 4 p.m.
- 2.35 million
- Volume after hours, 4 p.m. to 8 p.m.
- 1.91 million
- Relative volume by 8 p.m.
- 74.4×
- Float
- 2.41 million shares, from filings as of September 30, 2026
- Shares outstanding
- 2.42 million
- From news to the move: the first trade 20% above the previous close came 1 hour 14 minutes after the latest SEC filing before it (8-K, 8:30 a.m.).
- Volume, from the one-minute bars: 26,866 shares before the 9:30 a.m. open (1%), 1.28 million in the first 30 minutes (30%), and 2.96 million in the rest of the day to 8 p.m. (69%).
- Float rotation, the volume since 4 a.m. against the float of 2.41 million shares: past it once at 6:12 p.m.
- Other days PWCM met the small-cap rule in our recaps: 2, the latest on August 20, 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 (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 |
|---|---|---|---|---|---|---|---|
| 9:58 a.m. | 10:03 a.m. | 5 min 0 s | down 1.7% | $1.07, down 5.3% | down 9.7% | 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 PWCM on September 30, 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.