Hindsight Markets Recaps Small-cap stocks on August 17, 2026
UCL, August 17: news and a gap that faded
UCL opened up 31% after news, then faded below its open by the close.
News via Stock News API
What happened
Before the open
The news came first: news at 7:31 a.m. Before the bell it reached $1.28, on 31M shares.
The open
It opened up 31%, at $0.969.
The close
It closed at $0.677, 47% 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 30.9% to $0.969 at the open and traded below the open by 4:00 p.m., at $0.677.
| Time (ET) | What happened |
|---|---|
| 7:31 a.m. | News (GlobeNewsWire): UCLOUDLINK GROUP INC. Announces US$2,000,000 Share Repurchase Program |
| 7:33 a.m. | First trade 20% above the previous close of $0.74 |
| 8:09 a.m. | Pre-market high, $1.28 |
| 8:09 a.m. | High of the day to the close, $1.28 |
| 8:16 a.m. | Volume since 4:00 a.m. passes the whole float, 20.66 million shares |
| 9:30 a.m. | The open: $0.969, up 30.9% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $0.677, 47.1% 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
- $0.74
- Open, 9:30 a.m.
- $0.969
- Gap at the open
- +30.9%
- Pre-market high
- $1.28 at 8:09 a.m.
- High, 4 a.m. to 4 p.m.
- $1.28 at 8:09 a.m.
- Low, 4 a.m. to 4 p.m.
- $0.6333
- Close, 4 p.m.
- $0.677
- Change at 4 p.m.
- −8.5%
- After-hours high, 4 p.m. to 8 p.m.
- $0.692 at 4:00 p.m.
- Volume, 4 a.m. to 4 p.m.
- 39.73 million
- Volume after hours, 4 p.m. to 8 p.m.
- 617,172
- Relative volume by 8 p.m.
- 3447.5×
- Float
- 20.66 million shares, from filings as of August 17, 2026
- Shares outstanding
- 25.59 million
- From news to the move: the first trade 20% above the previous close came 2 minutes after the latest news item before it (GlobeNewsWire, 7:31 a.m.).
- Volume, from the one-minute bars: 31.17 million shares before the 9:30 a.m. open (77%), 3.93 million in the first 30 minutes (10%), and 5.25 million in the rest of the day to 8 p.m. (13%).
- Float rotation, the volume since 4 a.m. against the float of 20.66 million shares: past it once at 8:16 a.m.
- In our recaps, this is the only day UCL met the small-cap rule.
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 UCL 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 UCL on August 17, 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.