Hindsight Markets Recaps Small-cap stocks on August 28, 2026
XPON, August 28: a run to $10.77
XPON opened up 12%, ran to $10.77, then fell 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 $9.68, on 428K shares.
The open
It opened up 12%, at $8.90. It ran to $10.77 by 10:19 a.m.
The close
It closed at $7.45, 31% under its high.
What to take from it: The whole move was given back: it finished below the price it opened at.
The details
How it traded, step by step
Gap, run and fade. It gapped up 11.7% to $8.90 at the open, ran from the open to the high of $10.77 in 49 minutes, then gave back 178% of that move by 4:00 p.m., trading at $7.45, below the open.
| Time (ET) | What happened |
|---|---|
| 7:00 a.m. | First trade 20% above the previous close of $7.97 |
| 7:00 a.m. | Pre-market high, $9.68 |
| 9:30 a.m. | The open: $8.90, up 11.7% from the previous close |
| 10:12 a.m. | Volume since 4:00 a.m. passes the whole float, 924,887 shares |
| 10:19 a.m. | High of the day to the close, $10.77 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $7.45, 30.9% 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
- $7.97
- Open, 9:30 a.m.
- $8.90
- Gap at the open
- +11.7%
- Pre-market high
- $9.68 at 7:00 a.m.
- High, 4 a.m. to 4 p.m.
- $10.77 at 10:19 a.m.
- Low, 4 a.m. to 4 p.m.
- $7.14
- Close, 4 p.m.
- $7.45
- Change at 4 p.m.
- −6.6%
- After-hours high, 4 p.m. to 8 p.m.
- $7.73 at 4:09 p.m.
- Volume, 4 a.m. to 4 p.m.
- 2.74 million
- Volume after hours, 4 p.m. to 8 p.m.
- 31,616
- Relative volume by 8 p.m.
- 0.9×
- Float
- 924,887 shares, from filings as of August 28, 2026
- Shares outstanding
- 962,335
- Volume, from the one-minute bars: 427,830 shares before the 9:30 a.m. open (15%), 190,156 in the first 30 minutes (7%), and 2.15 million in the rest of the day to 8 p.m. (78%).
- Float rotation, the volume since 4 a.m. against the float of 924,887 shares: past it once at 10:12 a.m., twice at 10:28 a.m.
- Other days XPON met the small-cap rule in our recaps: 5, the latest on August 26, 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 XPON 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 XPON 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.