Hindsight Markets Recaps Small-cap stocks on September 8, 2026
HCWB, September 8: news and a pre-market spike to $3.86
HCWB spiked to $3.86 before the open after news, then gave much of it back in the session.
News via Stock News API
What happened
Before the open
The news came first: news at 8:50 a.m. Before the bell it reached $3.86, on 1.1M shares.
The open
It opened down 14%, at $2.52.
The close
It closed at $2.45, 37% under its high.
What to take from it: The move happened before the bell. The regular session never got back to the pre-market high.
The details
How it traded, step by step
Pre-market spike. Before the open it spiked 31.3% from $2.94 to $3.86 at 8:52 a.m.. It opened down 14.3% at $2.52 and traded at $2.45 at 4:00 p.m.
| Time (ET) | What happened |
|---|---|
| 8:50 a.m. | News (GlobeNewsWire): HCW Biologics Entered an Exclusive Distribution Agreement with Akron Biotech to Commercialize HCW11-006 as Reagent Used to Support Production of Highly Functional Human CAR-T Cells |
| 8:50 a.m. | First trade 20% above the previous close of $2.94 |
| 8:52 a.m. | Pre-market high, $3.86 |
| 8:52 a.m. | High of the day to the close, $3.86 |
| 9:30 a.m. | The open: $2.52, down 14.3% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $2.45, 36.5% 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
- $2.94
- Open, 9:30 a.m.
- $2.52
- Gap at the open
- −14.3%
- Pre-market high
- $3.86 at 8:52 a.m.
- High, 4 a.m. to 4 p.m.
- $3.86 at 8:52 a.m.
- Low, 4 a.m. to 4 p.m.
- $2.10
- Close, 4 p.m.
- $2.45
- Change at 4 p.m.
- −16.7%
- After-hours high, 4 p.m. to 8 p.m.
- $2.70 at 5:39 p.m.
- Volume, 4 a.m. to 4 p.m.
- 1.52 million
- Volume after hours, 4 p.m. to 8 p.m.
- 19,024
- Relative volume by 8 p.m.
- 12.4×
- Float
- 1.65 million shares, from filings as of September 8, 2026
- Shares outstanding
- 1.84 million
- From news to the move: the first trade 20% above the previous close came less than a minute after the latest news item before it (GlobeNewsWire, 8:50 a.m.).
- Volume, from the one-minute bars: 1.13 million shares before the 9:30 a.m. open (74%), 163,959 in the first 30 minutes (11%), and 238,534 in the rest of the day to 8 p.m. (16%).
- Other days HCWB met the small-cap rule in our recaps: 2, the latest on September 24, 2026.
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 HCWB 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 HCWB on September 8, 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.