Hindsight Markets Recaps Small-cap stocks on September 3, 2026
TRBG, September 3: twelve halts and $33.99
TRBG opened near its previous close, then ran to $33.99 through twelve halts during the session.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $13.10, on 54 shares.
The open
It opened near its previous close, at $11.99. It ran to $33.99 by 11:25 a.m.
The halts
Each halt froze the price and reopened it somewhere new. The exchange halted it twelve times, from 9:47 a.m. to 3:35 p.m. The biggest jump was the reopen after 11:00 a.m.: 26% above the last trade before it.
The close
It closed at $11.79, 65% under its high.
What to take from it: The move came during the session, not at the open.
The details
How it traded, step by step
Intraday run. It opened up 4.1% at $11.99, then ran from the open to the high of $33.99 in 115 minutes through 5 halts.
| Time (ET) | What happened |
|---|---|
| 7:37 a.m. | Pre-market high, $13.10 |
| 9:30 a.m. | The open: $11.99, up 4.1% from the previous close |
| 10:21 a.m. | First trade 20% above the previous close of $11.52 |
| 11:25 a.m. | High of the day to the close, $33.99 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $11.79, 65.3% 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
- $11.52
- Open, 9:30 a.m.
- $11.99
- Gap at the open
- +4.1%
- Pre-market high
- $13.10 at 7:37 a.m.
- High, 4 a.m. to 4 p.m.
- $33.99 at 11:25 a.m.
- Low, 4 a.m. to 4 p.m.
- $10.00
- Close, 4 p.m.
- $11.79
- Change at 4 p.m.
- +2.3%
- After-hours high, 4 p.m. to 8 p.m.
- $18.20 at 4:03 p.m.
- Volume, 4 a.m. to 4 p.m.
- 248,231
- Volume after hours, 4 p.m. to 8 p.m.
- 155,202
- Relative volume by 8 p.m.
- n/m
- Float
- 8.34 million shares, from filings as of September 3, 2026
- Shares outstanding
- 23.39 million
- Volume, from the one-minute bars: 54 shares before the 9:30 a.m. open (0%), 2,676 in the first 30 minutes (1%), and 400,703 in the rest of the day to 8 p.m. (99%).
- In our recaps, this is the only day TRBG met the small-cap rule.
- The next session, September 4, 2026, it was down 38.4% from its previous close at the 4:00 p.m. close.
On the day's lists: the intraday runners, after-hours movers. 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 (12)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed |
|---|---|---|---|---|---|---|
| 9:47 a.m. | 9:52 a.m. | 5 min 0 s | up 13.0% | $13.48, up 13.6% | down 7.4% | LULD pause (limit up-limit down) |
| 10:24 a.m. | 10:39 a.m. | 15 min 1 s | up 11.3% | $17.49, up 20.0% | up 5.1% | LULD pause (limit up-limit down) |
| 10:43 a.m. | 10:48 a.m. | 5 min 0 s | up 26.1% | $16.73, down 9.0% | up 17.8% | LULD pause (limit up-limit down) |
| 10:49 a.m. | 10:59 a.m. | 10 min 1 s | up 7.2% | $22.30, up 13.1% | up 10.0% | LULD pause (limit up-limit down) |
| 11:00 a.m. | 11:25 a.m. | 25 min 3 s | up 24.5% | $30.90, up 26.0% | down 11.4% | LULD pause (limit up-limit down) |
| 11:26 a.m. | 11:36 a.m. | 10 min 0 s | up 11.7% | $25.00, down 8.7% | LULD pause (limit up-limit down) | |
| 11:36 a.m. | 11:46 a.m. | 10 min 1 s | down 17.9% | $20.16, down 10.4% | down 12.5% | LULD pause (limit up-limit down) |
| 11:50 a.m. | 12:00 p.m. | 10 min 0 s | down 21.6% | $16.35, down 7.3% | up 11.7% | LULD pause (limit up-limit down) |
| 12:01 p.m. | 12:06 p.m. | 5 min 0 s | up 3.6% | $18.65, up 2.1% | down 4.4% | LULD pause (limit up-limit down) |
| 12:38 p.m. | 12:48 p.m. | 10 min 1 s | down 13.3% | $13.61, down 10.3% | up 5.4% | LULD pause (limit up-limit down) |
| 1:10 p.m. | 1:15 p.m. | 5 min 0 s | up 6.7% | $15.00, up 1.1% | down 2.7% | LULD pause (limit up-limit down) |
| 3:35 p.m. | 3:45 p.m. | 10 min 0 s | down 12.1% | $11.30, down 4.4% | up 3.3% | 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 TRBG on September 3, 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.