Hindsight Markets Recaps Small-cap stocks on August 26, 2026
XPON, August 26: the $10 wall, three halts, and $11.76
XPON opened up 21%, ran to $11.76 through three halts, then gave back some of the run by the close.
What happened
Draft for review. Not published.
Gap up, fast open
XPON gapped up after a $5.27 close and opened at $6.40. By 9:37 more shares had traded than its whole float. A halt at 9:50 reopened at 9:55:29 at $8.67.
The $10 wall
Here, a seller sat at $10.00 from 9:50, peaking near 27K shares.
Stop It's 9:56. XPON is at $9.22, up from $8.67 at the reopen a minute ago. A big ask wall has sat at $10.00 since 9:50. Would you buy here?
Press play: the real Level 2, tape and chart run from 9:53 a.m. and stop at 9:56 a.m. ET for your call.
Buyers ate it. At 9:56:38, 17K shares traded at $10.00 in under a second and the wall was gone. By 10:04 the stock was back at $8.66.
The second halt
A second halt reopened at 10:13:43 at $10.56.
Stop It's 10:14. XPON is at $11.07. It reopened from its halt a minute ago at $10.56. Would you chase it here?
Press play: the real Level 2, tape and chart run from 10:11 a.m. and stop at 10:14 a.m. ET for your call.
It hit $11.76 at 10:15, the high of the day. A third halt then reopened lower, at $9.70. After a lower high of $10.56 at 10:29, it faded to close at $9.10.
What to take from it: On XPON, buyers ate the $10 wall, but every push after the 10:15 top stopped lower.
Replay XPON's day
It starts at 9:38 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 9:41 a.m. and asks what you would do. Or press Play on any moment in How it traded.
The details
How it traded, step by step
Gap, run, gave some back. It gapped up 21.4% to $6.40 at the open, ran from the open to the high of $11.76 in 45 minutes through two halts, then gave back 50% of that move by 4:00 p.m., trading at $9.10, still above the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:01 a.m. | First trade 20% above the previous close of $5.27 | |
| 4:08 a.m. | Pre-market high, $7.21 | |
| 9:30 a.m. | The open: $6.40, up 21.4% from the previous close | |
| 9:37 a.m. | Volume since 4:00 a.m. passes the whole float, 962,335 shares | |
| 10:15 a.m. | High of the day to the close, $11.76 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $9.10, 22.6% 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
- $5.27
- Open, 9:30 a.m.
- $6.40
- Gap at the open
- +21.4%
- Pre-market high
- $7.21 at 4:08 a.m.
- High, 4 a.m. to 4 p.m.
- $11.76 at 10:15 a.m.
- Low, 4 a.m. to 4 p.m.
- $5.73
- Close, 4 p.m.
- $9.10
- Change at 4 p.m.
- +72.7%
- After-hours high, 4 p.m. to 8 p.m.
- $9.25 at 4:56 p.m.
- Volume, 4 a.m. to 4 p.m.
- 13.39 million
- Volume after hours, 4 p.m. to 8 p.m.
- 465,969
- Relative volume by 8 p.m.
- 5.6×
- Float
- 962,335 shares, from filings as of August 26, 2026
- Shares outstanding
- 962,335
- Volume, from the one-minute bars: 903,903 shares before the 9:30 a.m. open (7%), 2.81 million in the first 30 minutes (20%), and 10.15 million in the rest of the day to 8 p.m. (73%).
- Float rotation, the volume since 4 a.m. against the float of 962,335 shares: past it once at 9:37 a.m., twice at 9:49 a.m., three times at 9:56 a.m.
- Other days XPON met the small-cap rule in our recaps: 5, the latest on August 28, 2026.
On the day's lists: the gainers, intraday runners. It is here because it met the small-cap rule on the gainers: 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 (3)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed | Watch it |
|---|---|---|---|---|---|---|---|
| 9:50 a.m. | 9:55 a.m. | 5 min 0 s | up 13.1% | $8.67, up 0.1% | up 7.7% | LULD pause (limit up-limit down) | |
| 10:08 a.m. | 10:13 a.m. | 5 min 0 s | up 15.7% | $10.56, up 2.2% | down 5.9% | LULD pause (limit up-limit down) | |
| 10:17 a.m. | 10:27 a.m. | 10 min 0 s | down 3.8% | $9.70, down 2.4% | up 1.8% | LULD pause (limit up-limit down) |
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 XPON on August 26, 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.