Hindsight Markets Recaps Small-cap stocks on August 24, 2026
OLOX, August 24: a gap that faded
OLOX opened up 13%, 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 $3.05, on 6.3M shares.
The open
It opened up 13%, at $2.36.
The close
It closed at $2.00, 34% 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 12.9% to $2.36 at the open and traded below the open by 4:00 p.m., at $2.00.
| Time (ET) | What happened |
|---|---|
| 4:00 a.m. | First trade 20% above the previous close of $2.09 |
| 4:10 a.m. | Pre-market high, $3.05 |
| 4:10 a.m. | High of the day to the close, $3.05 |
| 4:21 a.m. | Volume since 4:00 a.m. passes the whole float, 1.66 million shares |
| 9:30 a.m. | The open: $2.36, up 12.9% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $2.00, 34.4% 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
- $2.09
- Open, 9:30 a.m.
- $2.36
- Gap at the open
- +12.9%
- Pre-market high
- $3.05 at 4:10 a.m.
- High, 4 a.m. to 4 p.m.
- $3.05 at 4:10 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.97
- Close, 4 p.m.
- $2.00
- Change at 4 p.m.
- −4.3%
- After-hours high, 4 p.m. to 8 p.m.
- $2.08 at 4:02 p.m.
- Volume, 4 a.m. to 4 p.m.
- 8.40 million
- Volume after hours, 4 p.m. to 8 p.m.
- 244,090
- Relative volume by 8 p.m.
- 80.5×
- Float
- 1.66 million shares, from filings as of August 24, 2026
- Shares outstanding
- 1.66 million
- Volume, from the one-minute bars: 6.32 million shares before the 9:30 a.m. open (73%), 676,450 in the first 30 minutes (8%), and 1.65 million in the rest of the day to 8 p.m. (19%).
- Float rotation, the volume since 4 a.m. against the float of 1.66 million shares: past it once at 4:21 a.m., twice at 5:59 a.m., three times at 7:31 a.m.
- Other days OLOX met the small-cap rule in our recaps: 7, the latest on October 21, 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 OLOX 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 OLOX on August 24, 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.