Hindsight Markets Recaps Small-cap stocks on August 6, 2026
PAVS, August 6: the $11.00 wall, a high before the bell, and one halt
PAVS opened up 89%, then faded below its open by the close.
What happened
Draft for review. Not published.
The wall at $11.00
PAVS ran hard before the bell. From 6:37 a.m., a big block of shares sat offered at $11.00.
Stop It's 6:50. PAVS is at $10.28 and has just jumped from $9.66 a minute ago. A large block of shares has been offered at $11.00, just above, since 6:37. Would you buy here?
Press play: the real Level 2, tape and chart run from 6:47 a.m. and stop at 6:50 a.m. ET for your call.
Buyers ate the wall at 6:50:56. 32K shares traded at $11.00 in under a second.
Above $11.00
Stop It's 6:57. PAVS is at $11.84, up from $10.74 a minute ago. Would you chase it here?
Press play: the real Level 2, tape and chart run from 6:54 a.m. and stop at 6:57 a.m. ET for your call.
It topped at $12.11 that minute. By 7:16 it was back at $8.80.
The halt and the close
It opened at $9.30. At 9:31:42 it was paused with the last trade at $8.23.
Stop It's 9:36. PAVS was halted at 9:31 with the last trade at $8.23. It is about to reopen. Would you buy the reopen?
Press play: the real Level 2, tape and chart run from 9:33 a.m. and stop at 9:36 a.m. ET for your call.
It reopened at 9:36:42 and ran to $9.70 a minute later. Then it slid to $6.02 by 11:08. It closed at $7.00, below the open.
What to take from it: On PAVS the high came before the bell, and the price above the broken wall was thin.
Replay PAVS's day
It starts at 11:17 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 11:20 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 and fade. It gapped up 89.4% to $9.30 at the open and traded below the open by 4:00 p.m., at $7.00.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:00 a.m. | First trade 20% above the previous close of $4.91 | |
| 4:15 a.m. | Volume since 4:00 a.m. passes the whole float, 509,231 shares | |
| 6:57 a.m. | Pre-market high, $12.11 | |
| 6:57 a.m. | High of the day to the close, $12.11 | |
| 9:30 a.m. | The open: $9.30, up 89.4% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $7.00, 42.2% 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
- $4.91
- Open, 9:30 a.m.
- $9.30
- Gap at the open
- +89.4%
- Pre-market high
- $12.11 at 6:57 a.m.
- High, 4 a.m. to 4 p.m.
- $12.11 at 6:57 a.m.
- Low, 4 a.m. to 4 p.m.
- $6.02
- Close, 4 p.m.
- $7.00
- Change at 4 p.m.
- +42.6%
- After-hours high, 4 p.m. to 8 p.m.
- $7.78 at 6:03 p.m.
- Volume, 4 a.m. to 4 p.m.
- 18.37 million
- Volume after hours, 4 p.m. to 8 p.m.
- 281,581
- Relative volume by 8 p.m.
- 29.8×
- Float
- 509,231 shares, from filings as of August 6, 2026
- Shares outstanding
- 515,351
- Volume, from the one-minute bars: 14.63 million shares before the 9:30 a.m. open (78%), 1.26 million in the first 30 minutes (7%), and 2.76 million in the rest of the day to 8 p.m. (15%).
- Float rotation, the volume since 4 a.m. against the float of 509,231 shares: past it once at 4:15 a.m., twice at 4:30 a.m., three times at 5:07 a.m.
- Other days PAVS met the small-cap rule in our recaps: 1, the latest on August 5, 2026.
On the day's lists: the pre-market gappers, gainers, 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 (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 |
|---|---|---|---|---|---|---|---|
| 9:31 a.m. | 9:36 a.m. | 5 min 0 s | down 13.5% | $8.21, down 0.2% | up 5.7% | 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 PAVS on August 6, 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.