Hindsight Markets Recaps Small-cap stocks on August 28, 2026
IOTR, August 28: a Schedule 13D and an after-hours run to $4.20
IOTR barely moved in the regular session after a Schedule 13D, then ran to $4.20 after the close.
What happened
Before the open
The news came first: a Schedule 13D at 5:05 p.m. Before the bell it reached $2.58, on 54 shares.
The open
It opened near its previous close, at $2.47.
The close
It closed at $2.44, 5% under its high. After the close it ran to $4.20 by 5:07 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 2.9% at $2.47 and traded at $2.44 at the 4:00 p.m. close, then ran 72.1% from $2.44 to $4.20 at 5:07 p.m. after the close, on 744,578 shares traded after hours.
| Time (ET) | What happened |
|---|---|
| 8:13 a.m. | Pre-market high, $2.58 |
| 8:13 a.m. | High of the day to the close, $2.58 |
| 9:30 a.m. | The open: $2.47, up 2.9% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $2.44, 5.4% below the high |
| 5:05 p.m. | SEC filing SCHEDULE 13D: |
| 5:06 p.m. | First trade 20% above the previous close of $2.40 |
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
- $2.40
- Open, 9:30 a.m.
- $2.47
- Gap at the open
- +2.9%
- Pre-market high
- $2.58 at 8:13 a.m.
- High, 4 a.m. to 4 p.m.
- $2.58 at 8:13 a.m.
- Low, 4 a.m. to 4 p.m.
- $2.43
- Close, 4 p.m.
- $2.44
- Change at 4 p.m.
- +1.7%
- After-hours high, 4 p.m. to 8 p.m.
- $4.20 at 5:07 p.m.
- Volume, 4 a.m. to 4 p.m.
- 10,174
- Volume after hours, 4 p.m. to 8 p.m.
- 744,578
- Relative volume by 8 p.m.
- n/m
- Float
- 2.94 million shares, from filings as of August 28, 2026
- Shares outstanding
- 4.86 million
- From news to the move: the first trade 20% above the previous close came less than a minute after the latest SEC filing before it (SCHEDULE 13D, 5:05 p.m.).
- Volume, from the one-minute bars: 54 shares before the 9:30 a.m. open (0%), 169 in the first 30 minutes (0%), and 754,529 in the rest of the day to 8 p.m. (100%).
- In our recaps, this is the only day IOTR met the small-cap rule.
On the day's lists: the intraday runners. It is here because it met the small-cap rule on the intraday runners: 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 IOTR 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 IOTR on August 28, 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.