Recaps · August 7, 2026

WAFU, August 7: a quiet morning, a 1:00 p.m. run, two halts, and $2.90

• Small cap
• Momentum
• Main move: the afternoon
• No news
• Halt run
• Halted twice
• Faded after the halts

Float

1.43 million shares

Volume

5.32 million shares

Previous close

$1.39

Open

$1.42 (up 2.2%)

High

$2.90 at 1:28 p.m.

Halts

2 (1:18 p.m. and 1:28 p.m.)

Close

$1.41

A quiet start

WAFU closed on August 6 at $1.39. Only 161 shares traded pre-market. The pre-market high was $1.48 at 7:43 a.m.

It opened at $1.42. For the next three hours it barely traded. There are no trades in most minutes between 9:56 and 12:27. No news came out during the day.

12:28: the volume arrives

At 12:28 p.m. the 1-minute bar traded 2,272 shares, far more than any minute before it. It chopped between $1.46 and $1.70 for about 25 minutes.

At 12:52 it started to climb. Volume jumped to 22,341 shares in the 12:53 minute, and it reached $1.85 at 12:54. It then dropped back to $1.52 at 12:56.

The run through $2.00

At 1:01 p.m. it hit $1.87. At 1:03 p.m. it traded 60,180 shares and closed the minute at $1.96. At 1:04 p.m. it touched $2.00. At 1:07 p.m. it reached $2.08, then swung down to $1.69 in the same minute.

It kept stepping up. It reached $2.36 at 1:15 p.m.

It reached $2.69 in the 1:18 minute.

Level 2 shows a bid wall at $2.69 that grew to 133,663 shares by 1:18:24 (9.3% of the float). It was pulled at 1:23:39. An ask wall of 43,270 shares at $3.00 was seen from 1:18:08.

At 1:18:26 it was halted (a volatility pause) with the last trade near $2.69. The halt lasted ten minutes.

The reopen at $2.90

It resumed at 1:28:26. The first print was 128,762 shares at $2.90, the high of the day. Then sellers hit it. In about two seconds, five sell sweeps went through the book, from $2.89 down to $2.48.

An ask wall built at $2.32, reaching 183,571 shares at 1:28:45. At 1:28:46 it was halted again. It reopened at 1:39:02 at $1.90, with a single print of 89,049 shares.

After the reopen it fell to $1.55 by 1:39 and kept going.

The drop to $1.22

By 1:46 p.m. it traded at $1.29. A 21,675-share sell sweep went through the book at 1:51:41. It hit $1.22 at 2:03 p.m., 58% below the high.

The rest of the day

It slowly recovered to around $1.40 by 2:34. At 3:42 p.m. it reached $1.49, a lower high far under $2.90. It closed the regular session at $1.44.

After hours it traded between $1.27 and $1.49. Regular-session volume was 5.24 million shares, about 640 times its normal volume.

What to take from it

• A halt reopen can be the top. The 1:28 p.m. reopen printed $2.90, and the stock was at $2.32 by the end of that minute.
• Reopens are thin. A 5,000-share buy cost $301 and $309 over the screen at the two reopens.
• A stock that trades almost nothing for three hours can still run in minutes. Here the volume arrived at 12:28 p.m. and most of the move was gone by 2:03 p.m.