Hindsight Markets Recaps Small-cap stocks on October 27, 2026
IPST, October 27: an 8-K and $3.37
IPST opened near its previous close after an 8-K, then ran to $3.37 during the session.
What happened
Before the open
The news came first: an 8-K at 9:11 a.m. Before the bell it reached $2.32, on 421 shares.
The open
It opened near its previous close, at $2.29. It ran to $3.37 by 10:18 a.m.
The close
It closed at $2.55, 24% 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 7.5% at $2.29, then ran from the open to the high of $3.37 in 48 minutes.
| Time (ET) | What happened |
|---|---|
| 4:24 a.m. | Pre-market high, $2.32 |
| 9:11 a.m. | SEC filing 8-K: 8-K |
| 9:30 a.m. | The open: $2.29, up 7.5% from the previous close |
| 9:53 a.m. | First trade 20% above the previous close of $2.13 |
| 10:15 a.m. | Volume since 4:00 a.m. passes the whole float, 982,867 shares |
| 10:18 a.m. | High of the day to the close, $3.37 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $2.55, 24.3% 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
- $2.13
- Open, 9:30 a.m.
- $2.29
- Gap at the open
- +7.5%
- Pre-market high
- $2.32 at 4:24 a.m.
- High, 4 a.m. to 4 p.m.
- $3.37 at 10:18 a.m.
- Low, 4 a.m. to 4 p.m.
- $2.14
- Close, 4 p.m.
- $2.55
- Change at 4 p.m.
- +19.7%
- After-hours high, 4 p.m. to 8 p.m.
- $2.85 at 4:24 p.m.
- Volume, 4 a.m. to 4 p.m.
- 5.94 million
- Volume after hours, 4 p.m. to 8 p.m.
- 170,627
- Relative volume by 8 p.m.
- 357.1×
- Float
- 982,867 shares, from filings as of October 27, 2026
- Shares outstanding
- 995,933
- From news to the move: the first trade 20% above the previous close came 41 minutes after the latest SEC filing before it (8-K, 9:11 a.m.).
- Volume, from the one-minute bars: 421 shares before the 9:30 a.m. open (0%), 203,069 in the first 30 minutes (3%), and 5.91 million in the rest of the day to 8 p.m. (97%).
- Float rotation, the volume since 4 a.m. against the float of 982,867 shares: past it once at 10:15 a.m., twice at 10:19 a.m., three times at 10:27 a.m.
- Other days IPST met the small-cap rule in our recaps: 5, the latest on September 25, 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 (none)
The exchange's halt feed shows no halts for IPST 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 IPST on October 27, 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.