Hindsight Markets Recaps Small-cap stocks on August 18, 2026
TGL, August 18: an 8-K and an after-hours run to $4.32
TGL barely moved in the regular session after an 8-K, then ran to $4.32 after the close.
What happened
Before the open
The news came first: an 8-K at 5:20 p.m. Before the bell it reached $2.98, on 311 shares.
The open
It opened near its previous close, at $2.89.
The close
It closed at $2.66, 11% under its high. After the close it ran to $4.32 by 5:47 p.m.
What to take from it: The day's real move came after the 4 p.m. close, not in the regular session.
The details
How it traded, step by step
After-hours run. It opened up 1.4% at $2.89 and traded at $2.66 at the 4:00 p.m. close, then ran 62.4% from $2.66 to $4.32 at 5:47 p.m. after the close, on 2.71 million shares traded after hours.
| Time (ET) | What happened |
|---|---|
| 6:01 a.m. | Pre-market high, $2.98 |
| 6:01 a.m. | High of the day to the close, $2.98 |
| 9:30 a.m. | The open: $2.89, up 1.4% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $2.66, 10.7% below the high |
| 5:20 p.m. | SEC filing 8-K: CURRENT REPORT |
| 5:22 p.m. | First trade 20% above the previous close of $2.85 |
| 5:52 p.m. | Volume since 4:00 a.m. passes the whole float, 1.76 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
- $2.85
- Open, 9:30 a.m.
- $2.89
- Gap at the open
- +1.4%
- Pre-market high
- $2.98 at 6:01 a.m.
- High, 4 a.m. to 4 p.m.
- $2.98 at 6:01 a.m.
- Low, 4 a.m. to 4 p.m.
- $2.66
- Close, 4 p.m.
- $2.66
- Change at 4 p.m.
- −6.7%
- After-hours high, 4 p.m. to 8 p.m.
- $4.32 at 5:47 p.m.
- Volume, 4 a.m. to 4 p.m.
- 6,510
- Volume after hours, 4 p.m. to 8 p.m.
- 2.71 million
- Relative volume by 8 p.m.
- n/m
- Float
- 1.76 million shares, from filings as of August 18, 2026
- Shares outstanding
- 1.95 million
- From news to the move: the first trade 20% above the previous close came 1 minute after the latest SEC filing before it (8-K, 5:20 p.m.).
- Volume, from the one-minute bars: 311 shares before the 9:30 a.m. open (0%), 1,802 in the first 30 minutes (0%), and 2.71 million in the rest of the day to 8 p.m. (100%).
- Float rotation, the volume since 4 a.m. against the float of 1.76 million shares: past it once at 5:52 p.m.
- Other days TGL met the small-cap rule in our recaps: 3, the latest on October 14, 2026.
- The next session, August 19, 2026, it was up 12.0% from its previous close at the 4:00 p.m. close.
On the day's lists: the after-hours movers. It is here because it met the small-cap rule on the after-hours movers: 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 TGL 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 TGL on August 18, 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.