Hindsight Markets Recaps Small-cap stocks on August 13, 2026
FRGT, August 13: a gap that faded
FRGT opened up 22%, then faded below its open by the close.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $5.03, on 7.6M shares.
The open
It opened up 22%, at $2.96.
The close
It closed at $2.13, 58% under its high.
What to take from it: A big gap is not a trend. This one traded below its open by the close.
The details
How it traded, step by step
Gap and fade. It gapped up 22.3% to $2.96 at the open and traded below the open by 4:00 p.m., at $2.13.
| Time (ET) | What happened |
|---|---|
| 4:03 a.m. | First trade 20% above the previous close of $2.42 |
| 4:05 a.m. | Volume since 4:00 a.m. passes the whole float, 329,295 shares |
| 4:11 a.m. | Pre-market high, $5.03 |
| 4:11 a.m. | High of the day to the close, $5.03 |
| 9:30 a.m. | The open: $2.96, up 22.3% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $2.13, 57.7% 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
- $2.42
- Open, 9:30 a.m.
- $2.96
- Gap at the open
- +22.3%
- Pre-market high
- $5.03 at 4:11 a.m.
- High, 4 a.m. to 4 p.m.
- $5.03 at 4:11 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.85
- Close, 4 p.m.
- $2.13
- Change at 4 p.m.
- −12.0%
- After-hours high, 4 p.m. to 8 p.m.
- $2.22 at 5:16 p.m.
- Volume, 4 a.m. to 4 p.m.
- 8.91 million
- Volume after hours, 4 p.m. to 8 p.m.
- 104,375
- Relative volume by 8 p.m.
- 195.6×
- Float
- 329,295 shares, from filings as of August 13, 2026
- Shares outstanding
- 332,125
- Volume, from the one-minute bars: 7.57 million shares before the 9:30 a.m. open (84%), 558,733 in the first 30 minutes (6%), and 883,378 in the rest of the day to 8 p.m. (10%).
- Float rotation, the volume since 4 a.m. against the float of 329,295 shares: past it once at 4:05 a.m., twice at 4:07 a.m., three times at 4:09 a.m.
- Other days FRGT met the small-cap rule in our recaps: 4, the latest on October 27, 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 (none)
The exchange's halt feed shows no halts for FRGT 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 FRGT on August 13, 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.