Hindsight Markets Recaps Small-cap stocks on October 12, 2026
NCPL, October 12: the $1.79 wall, a run to $2.66, and a fade to $1.55
NCPL opened up 31% after news, ran to $2.66, then gave back most of the run by the close.
News via Stock News API
What happened
The news and the wall
Law-firm releases about a class action against Netcapital ran all weekend. NCPL opened at $1.49, up 31% from the $1.14 close. From the open, about 47K shares sat offered at $1.79.
Stop It's 11:25. NCPL is at $1.73, up from a $1.49 open. A large ask wall has sat at $1.79 since the open. Would you buy here?
Press play: the real Level 2, tape and chart run from 11:22 a.m. and stop at 11:25 a.m. ET for your call.
The wall breaks
Here's what happened. Starting at 11:26:01, 35K shares traded at $1.79 in 11 seconds, and the wall was gone.
Seven minutes later it hit $2.66, the high so far, in the 11:33 minute.
A wall at $1.71
From there it slid. By 2:45 it traded as low as $1.68.
Stop It's 2:49 p.m. NCPL is at $1.69. Since 2:48, a large ask wall has sat at $1.71, just above. It peaked at 56,552 shares at 2:48:46. Would you buy here?
Press play: the real Level 2, tape and chart run from 2:46 p.m. and stop at 2:49 p.m. ET for your call.
Here's what happened. Buyers ate this one too, with 43K shares traded at $1.71 in 7.7 seconds. Then a $1.60 bid broke at 3:48, and it closed at $1.55, 42% below the high.
What to take from it: An ask wall that buyers eat can start a fast run, and the run can fade just as fast.
Replay NCPL's day
It starts at 11:14 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 11:17 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
Gap, run, gave some back. It gapped up 30.7% to $1.49 at the open, ran from the open to the high of $2.66 in 123 minutes, then gave back 95% of that move by 4:00 p.m., trading at $1.55, still above the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| Oct 11, 5:00 p.m. | News (Newsfile Corp): ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Netcapital Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - NCPL | |
| 1:47 a.m. | News (PRNewsWire): Netcapital Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - NCPL | |
| 1:47 a.m. | News (PRNewsWire): NCPL Investors Have Opportunity to Lead Netcapital Inc. Securities Fraud Lawsuit with SBS Law | |
| 4:00 a.m. | First trade 20% above the previous close of $1.14 | |
| 5:38 a.m. | Pre-market high, $1.81 | |
| 9:30 a.m. | The open: $1.49, up 30.7% from the previous close | |
| 11:24 a.m. | Volume since 4:00 a.m. passes the whole float, 6.71 million shares | |
| 11:33 a.m. | High of the day to the close, $2.66 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.55, 41.7% 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
- $1.14
- Open, 9:30 a.m.
- $1.49
- Gap at the open
- +30.7%
- Pre-market high
- $1.81 at 5:38 a.m.
- High, 4 a.m. to 4 p.m.
- $2.66 at 11:33 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.27
- Close, 4 p.m.
- $1.55
- Change at 4 p.m.
- +36.0%
- After-hours high, 4 p.m. to 8 p.m.
- $2.13 at 4:53 p.m.
- Volume, 4 a.m. to 4 p.m.
- 15.66 million
- Volume after hours, 4 p.m. to 8 p.m.
- 2.72 million
- Relative volume by 8 p.m.
- 2.6×
- Float
- 6.71 million shares, from filings as of October 12, 2026
- Shares outstanding
- 7.85 million
- From news to the move: the first trade 20% above the previous close came 2 hours 13 minutes after the latest news item before it (PRNewsWire, 1:47 a.m.).
- Volume, from the one-minute bars: 4.92 million shares before the 9:30 a.m. open (27%), 608,073 in the first 30 minutes (3%), and 12.84 million in the rest of the day to 8 p.m. (70%).
- Float rotation, the volume since 4 a.m. against the float of 6.71 million shares: past it once at 11:24 a.m., twice at 12:48 p.m.
- Other days NCPL met the small-cap rule in our recaps: 18, the latest on October 30, 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 (none)
The exchange's halt feed shows no halts for NCPL 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 NCPL on October 12, 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.