Recaps · August 6, 2026

FVN, August 6: 11 halts, $17.04 and $8.55

• Small cap
• Momentum
• Main move: pre-market and the open
• No news in our data
• Thin pre-market tape
• Halted 11 times
• Halt-reopen fills
• Run and fade

Float

5.80 million shares

Volume

324,348 shares

Previous close

$10.61

Open

$14.22 (up 34.0%)

High

$17.04 at 9:47 a.m.

Halts

11 (9:37 a.m. and 9:51 a.m. and 10:02 a.m. and 11:07 a.m. and 11:17 a.m. and 11:23 a.m. and 11:34 a.m. and 11:40 a.m. and 12:01 p.m. and 12:29 p.m. and 3:55 p.m.)

Close

$10.26

The day before

On August 5, FVN traded between $10.26 and $12.24 on 58,777 shares. The official close was $10.61.

Our data has no news headline for August 6. The move below came with no headline attached.

Pre-market: thin trading, big prices

The day's trading started at 4:59 a.m. at $10.76, just above the $10.61 close. At 5:14 a.m. it jumped from $10.99 to $12.00. By 5:18 a.m. it was at $12.99.

The 5:20 a.m. minute opened at $10.57 and closed at $10.58. By 5:21 a.m. it was back at $11.50. From about 5:25 to 6:25 a.m. it mostly held between $11.89 and $12.00, then crept up. It reached $13.00 at 8:00 a.m.

Most minutes before 8:40 a.m. traded 100 to 300 shares. That is a very thin tape. The float is 5.8 million shares.

The volume came late. At 8:47 a.m. the high touched $15.99 on 3,421 shares, though the minute closed at $14.30. At 8:58 a.m. it hit $17.00, and that minute closed at $14.68. The pre-market high was $17.02 at 9:08 a.m.

Then it fell. At 9:14 a.m. it traded as low as $11.88. By 9:24 a.m. it was back at $15.12. Pre-market volume for the whole session was 103,970 shares.

The open and the first halt

It opened at $14.22, up 34% from the previous close. By 9:36 it was at $15.02.

At 9:37:37 it was halted (a volatility pause). The last trade was $16.03. The pause ran ten minutes.

It reopened at 9:47:37 at $16.93. The high so far, $17.04, came in that same minute, up 61% from the previous close. But the minute closed at $15.24 on 12,353 shares. By 9:48 it had traded as low as $14.42.

It kept sliding. At 9:51:04 it was halted again after a 9:50 close of $13.82. It reopened at 10:01:04 at $13.00.

Halts three and four, then a lower high

At 10:02 it ran as high as $14.74 and was halted at 10:02:27. It reopened at 10:07:27 at $15.00.

From there it chopped for half an hour. At 10:17 it pushed to $15.37, a lower high under the $17.04 top. It traded $15.25 at 10:37.

At 10:43 it was still at $15.08. Then the slide began: $13.22 at 10:48, a low of $11.71 at 10:51, and $10.11 at 10:58. It was halted for the fourth time at 11:07:17 with the last trade at $9.15.

The 11:07 halt

It reopened at 11:17:17 and traded as low as $8.55 at 11:17, the low so far. That is about half of the $17.04 high and 19% under the previous close. The minute closed at $9.41.

Then the halts came fast. At 11:17:38 it was halted again, reopening at 11:22:38 at $9.20. At 11:23:06 it was halted a sixth time, reopening at 11:28:06.

The stock climbed to $11.35 by 11:33. At 11:34:02 it was halted for a seventh time. It reopened at 11:39:02 at $12.00, and the minute's high was $12.99. At 11:40:20 it was halted an eighth time with the last trade at $11.55. It reopened at 11:50:20 at $10.10.

Afternoon

Halt nine came at 12:01:26 and lasted five minutes. It reopened at 12:06:26 at $12.01.

The 12:08 minute traded 6,441 shares. In the next ten minutes, three single trades of about 17,000 to 20,000 shares each printed at $12.50: 17,273 at 12:09:46, 19,900 at 12:12:06 and 17,545 at 12:17:15. All three were at the ask. In the 12:17 minute the price fell from $12.50 to $11.08. Halt ten came at 12:29:36, also five minutes long.

After that it mostly traded between $11 and $13 until about 3 p.m., then slid. It hit $9.69 at 3:23 and $8.81 at 3:44. At 3:55:53 it was halted for the eleventh time, with the last trade at $10.26.

Trading resumed at 4:00 p.m., and that minute traded between $11.29 and $12.09 on 1,751 shares.

By the close, 215,648 shares had traded in the regular session, a relative volume of about 20, in a float of 5.8 million. Pre-market added 103,970, and after hours 4,730.

What to take from it

• The highs came on heavy volume. FVN touched $17.00 and $17.02 pre-market and $17.04 at 9:47 a.m., on minutes of 3,658 to 12,353 shares, after a pre-market of mostly 100 to 300-share minutes.
• Halt-reopen fills cost more than the screen showed. At the eight halt reopens in our data, a 5,000-share market buy ran $2,289 to $15,198 over the screen price.
• After the top, the next push stopped lower. $17.04 at 9:47 a.m., then $15.37 at 10:17. The low was $8.55 at 11:17.