Hindsight Markets Recaps Small-cap stocks on November 3, 2026
ZNB, November 3: a quiet morning, a 1:22 spike, and $1.02
ZNB opened near its previous close, then ran to $1.02 through two halts during the session.
What happened
Five hours of nothing, then a spike
ZNB opened at $0.4982, just under the $0.50 previous close, and drifted between $0.48 and $0.59 until 1:15 p.m. 1,952 shares traded pre-market. No news was recorded for the day.
The run began around 1:18 p.m. A 180K-share minute at 1:22 took it from $0.67 to $0.8151. It was halted at 1:23:30 with the last trade at $0.86.
The top at $1.02, and the drop
It reopened at 1:28:30 at $0.87 and hit $1.02, the high of the day, that same minute, on 332K shares. By 1:29 it was back to $0.844 at the low.
A second halt came at 1:30:23 with the last trade at $0.78. It reopened at 1:35:23 at $0.781 and then fell. By 1:37 it touched $0.53, 48% under the high. A bounce at 1:39 reached $0.6423.
It faded into the close at $0.55, 46% under the high. The regular session traded 3.1M shares against a 4.9M float.
After hours: a second spike
After hours it ran again. From $0.578 at 5:12 p.m. it reached $0.8283 at 5:20 p.m., on heavy volume. It was back to $0.4988 by 5:49 p.m. and $0.54 at 6:59 p.m.
What to take from it: ZNB faded twice. It went from $1.02 at 1:28 p.m. to $0.55 at the close, and from $0.8283 after hours to $0.4988 within about half an hour.
The details
How it traded, step by step
Intraday run. It opened down 0.4% at $0.4982, then ran from the open to the high of $1.02 in 238 minutes through a halt.
| Time (ET) | What happened |
|---|---|
| 4:48 a.m. | Pre-market high, $0.5015 |
| 9:30 a.m. | The open: $0.4982, down 0.4% from the previous close |
| 1:18 p.m. | First trade 20% above the previous close of $0.50 |
| 1:28 p.m. | High of the day to the close, $1.02 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $0.55, 46.1% below the high |
| 5:28 p.m. | Volume since 4:00 a.m. passes the whole float, 4.86 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
- $0.50
- Open, 9:30 a.m.
- $0.4982
- Gap at the open
- −0.4%
- Pre-market high
- $0.5015 at 4:48 a.m.
- High, 4 a.m. to 4 p.m.
- $1.02 at 1:28 p.m.
- Low, 4 a.m. to 4 p.m.
- $0.4751
- Close, 4 p.m.
- $0.55
- Change at 4 p.m.
- +10.0%
- After-hours high, 4 p.m. to 8 p.m.
- $0.8283 at 5:20 p.m.
- Volume, 4 a.m. to 4 p.m.
- 3.11 million
- Volume after hours, 4 p.m. to 8 p.m.
- 2.51 million
- Relative volume by 8 p.m.
- 17.8×
- Float
- 4.86 million shares, from filings as of November 3, 2026
- Shares outstanding
- 4.86 million
- Volume, from the one-minute bars: 1,952 shares before the 9:30 a.m. open (0%), 1,679 in the first 30 minutes (0%), and 5.62 million in the rest of the day to 8 p.m. (100%).
- Float rotation, the volume since 4 a.m. against the float of 4.86 million shares: past it once at 5:28 p.m.
- Other days ZNB met the small-cap rule in our recaps: 2, the latest on October 2, 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 (2)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed |
|---|---|---|---|---|---|---|
| 1:23 p.m. | 1:28 p.m. | 5 min 0 s | up 41.0% | $0.87, up 1.2% | down 10.3% | LULD pause (limit up-limit down) |
| 1:30 p.m. | 1:35 p.m. | 5 min 0 s | down 9.3% | $0.781, up 0.1% | down 21.5% | 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 ZNB on November 3, 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.