Hindsight Markets Beta

Recaps · August 10, 2026

LZMH, August 10: a $1.49 wall, two halts, and $2.16

Float
3.80 million shares
Volume
4.28 million shares
Previous close
$1.20
Open
$1.19 (up 0.8%)
High
$2.16 at 10:23 a.m.
Halts
2 (10:26 a.m. and 10:39 a.m.)
Close
$1.21
2.161.201.074 a.m.9:30noon4 p.m.8 p.m.
LZMH on August 10, 2026, one-minute bars in New York time. Shaded: before the 9:30 a.m. open and after the 4:00 p.m. close. Bands: halts.

The day before

On August 7, LZMH ran from $1.34 to a high of $2.30. It closed at $1.20.

Pre-market and the open: nothing happening

The first trades on the 10th were at $1.30, above the $1.20 close. That was the pre-market high, at 4:00 a.m. It drifted down from there. By 6:08 it was $1.12, and it spent most of the morning between $1.10 and $1.14. 22,954 shares traded before the bell.

It opened at $1.19, then dropped to $1.12 in the first minute. It sat near $1.13 for the next 15 minutes.

The move starts

From about 9:46 it began to climb, and the 9:49 minute reached $1.22. By 10:04 it was $1.25. By 10:18 it was $1.42, on small volume. Then the volume changed.

The 10:20 minute traded 25,259 shares as it went to $1.60. The 10:21 minute traded 75,852 and reached $1.70. The 10:22 minute traded 235,446 shares and reached $1.96.

Up to $2.16

The 10:23 minute was the biggest of the day: 520,637 shares. It hit $2.16 in that minute. Up 80% from the $1.20 close.

The top was not smooth.

The 10:24 minute traded at $1.90 to $2.00. Then the 10:25 minute fell from $1.90 to $1.61 on 367,034 shares.

The wall at $1.49 and the first halt

At 10:26:05 an ask wall showed up at $1.49. By 10:26:18 it held 114,069 shares, 3.0% of the float. At 10:26:18 the stock was halted for a volatility pause. The last trade was $1.49.

Stop It's 10:31. LZMH last traded at $1.49 and is about to reopen from a halt. It was $2.16 eight minutes ago. A wall of about 114,000 shares sat at $1.49 when it halted. Would you buy the reopen?

Press play: the real Level 2, time and sales and chart stop at 10:31 a.m. ET for your call, then show what happened. The clip starts at 10:28 a.m. ET.

The reopen came at 10:31:18. A 38,885-share print went off at $1.41. At 10:31:19 a buy order for 15,961 shares swept from $1.44 to $1.49 across six levels. 7,337 shares traded at exactly $1.49 before the wall was pulled at 10:31:20. The 10:31 minute ran from a low of $1.34 to a high of $1.58.

The low of that minute, $1.34, was 15% below that minute's high of $1.58. Then it ran to $1.64 at 10:32, and fell to $1.13 at 10:34.

The second halt and the lower high

It climbed again, from $1.13 to $1.57 by 10:38. At 10:39:13 it was halted a second time, last trade $1.57. It reopened at 10:44:13.

The reopen began with a 28,020-share print at $1.62.

It pushed to $1.88 in the 10:44 minute, a lower high under $2.16. The 10:44 minute traded 186,007 shares. It was back to $1.46 by 10:46. At 10:46:09 an ask wall appeared at $2.01, and a 15,389-share sweep sold from $1.57 to $1.47.

The slow fade

A bid wall at $1.25 showed from 10:48 to 11:02. It was gone by 11:02:44. At 11:04 a bid wall of 71,594 shares built at $1.33. It was pulled at 11:10:03, after a 20,000-share print at $1.26 and a 29,938-share sweep from $1.33 to $1.25 at 11:10:02. 7,866 shares traded at $1.33 before then.

By 11:14 more shares had traded than the float (3.80 million). The price was $1.26.

It faded further. The low of the day, $1.07, came at 12:23. The afternoon was quiet, with small volume and prices from $1.07 to $1.30. The last trades of the regular session were $1.21 in the 3:59 minute and $1.23 in the 4:00 minute, and 4.21 million shares traded by the close, about 25 times normal volume.

After hours it traded between $1.14 and $1.30, with 47,246 shares.

What to take from it

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