Hindsight Markets Recaps Small-cap stocks on October 16, 2026
PMI, October 16: two halts and a gap that held
PMI opened up 22% and held near that level into the close.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $13.72, on 102K shares.
The open
It opened up 22%, at $12.21.
The halts
Each halt froze the price and reopened it somewhere new. The exchange halted it two times, from 11:12 a.m. to 11:24 a.m.
The close
It closed at $12.56, 8% under its high.
What to take from it: The gap was the move. After the open it went sideways.
The details
How it traded, step by step
Gap and hold. It gapped up 22.1% to $12.21 at the open and held near or above it, trading at $12.56 at 4:00 p.m.
| Time (ET) | What happened |
|---|---|
| 4:00 a.m. | First trade 20% above the previous close of $10.00 |
| 4:40 a.m. | Pre-market high, $13.72 |
| 4:40 a.m. | High of the day to the close, $13.72 |
| 9:30 a.m. | The open: $12.21, up 22.1% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $12.56, 8.5% 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
- $10.00
- Open, 9:30 a.m.
- $12.21
- Gap at the open
- +22.1%
- Pre-market high
- $13.72 at 4:40 a.m.
- High, 4 a.m. to 4 p.m.
- $13.72 at 4:40 a.m.
- Low, 4 a.m. to 4 p.m.
- $8.40
- Close, 4 p.m.
- $12.56
- Change at 4 p.m.
- +25.6%
- After-hours high, 4 p.m. to 8 p.m.
- $12.90 at 7:56 p.m.
- Volume, 4 a.m. to 4 p.m.
- 735,628
- Volume after hours, 4 p.m. to 8 p.m.
- 17,275
- Relative volume by 8 p.m.
- 3.7×
- Float
- 1.55 million shares, from filings as of October 16, 2026
- Shares outstanding
- 2.34 million
- Volume, from the one-minute bars: 101,577 shares before the 9:30 a.m. open (13%), 63,450 in the first 30 minutes (8%), and 587,876 in the rest of the day to 8 p.m. (78%).
- Other days PMI met the small-cap rule in our recaps: 7, the latest on October 15, 2026.
On the day's lists: the pre-market gappers, intraday runners. It is here because it met the small-cap rule on the pre-market gappers: 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 (2)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed |
|---|---|---|---|---|---|---|
| 11:12 a.m. | 11:17 a.m. | 5 min 0 s | up 16.8% | $9.91, up 1.0% | up 0.4% | No reason given in the feed |
| 11:24 a.m. | 11:29 a.m. | 5 min 0 s | down 12.7% | $9.53, down 2.8% | down 2.9% | 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 PMI on October 16, 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.