Hindsight Markets Recaps Small-cap stocks on August 21, 2026
CYPH, August 21: a gap that held
CYPH opened up 11% and held near that level into the close.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $1.42, on 342K shares.
The open
It opened up 11%, at $1.32.
The close
It closed at $1.41, near its high.
What to take from it: The gap was the move. After the open it went sideways.
The details
How it traded, step by step
Gap and hold. It gapped up 10.9% to $1.32 at the open and held near or above it, trading at $1.41 at 4:00 p.m.
| Time (ET) | What happened |
|---|---|
| 4:00 a.m. | Pre-market high, $1.42 |
| 9:30 a.m. | The open: $1.32, up 10.9% from the previous close |
| 9:42 a.m. | First trade 20% above the previous close of $1.19 |
| 9:42 a.m. | High of the day to the close, $1.45 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.41, 2.8% 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
- $1.19
- Open, 9:30 a.m.
- $1.32
- Gap at the open
- +10.9%
- Pre-market high
- $1.42 at 4:00 a.m.
- High, 4 a.m. to 4 p.m.
- $1.45 at 9:42 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.19
- Close, 4 p.m.
- $1.41
- Change at 4 p.m.
- +18.5%
- After-hours high, 4 p.m. to 8 p.m.
- $1.79 at 7:20 p.m.
- Volume, 4 a.m. to 4 p.m.
- 5.13 million
- Volume after hours, 4 p.m. to 8 p.m.
- 2.92 million
- Relative volume by 8 p.m.
- 9.9×
- Float
- 106.02 million shares, from filings as of August 21, 2026
- Shares outstanding
- 107.76 million
- Volume, from the one-minute bars: 341,929 shares before the 9:30 a.m. open (4%), 1.13 million in the first 30 minutes (14%), and 6.57 million in the rest of the day to 8 p.m. (82%).
- Other days CYPH met the small-cap rule in our recaps: 3, the latest on September 17, 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 (none)
The exchange's halt feed shows no halts for CYPH 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 CYPH on August 21, 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.