Recaps · August 10, 2026

PCLA, August 10: four halts and $19.54

• Small cap
• Momentum
• Main move: late morning
• Intraday run
• Halt run
• Halted four times
• Lower high after the top
• Float traded 2x

Float

1.05 million shares

Volume

2.20 million shares

Previous close

$8.11

Open

$8.90 (up 9.7%)

High

$19.54 at 11:02 a.m.

Halts

4 (10:43 a.m. and 10:48 a.m. and 11:10 a.m. and 11:32 a.m.)

Close

$9.18

Before the bell: a quiet pre-market

On August 7, PCLA traded between $6.95 and $9.00 on 156,420 shares. The official close was $8.11. The float is small, 1.05 million shares.

The first trades on the 10th were at $8.82, already above that close. The pre-market high was $8.89 at 4:00 a.m., in the very first minute. From there it drifted down to $8.13 at 5:34 a.m. 39,229 shares traded before the bell.

The open and the first run

It opened at $8.90, up 10% from the previous close. It did not hold. The 9:30 minute dipped to $8.40, and for the next 25 minutes it sat between about $8.35 and $8.60.

It woke up at 9:56. From $8.75 at 9:55 it ran to $10.53 at 9:59, with 20,873 shares in that one minute. The next peak was $11.20 at 10:04, up 33% from $8.45 at 9:46.

Then it pulled back to $9.69 at 10:08. It climbed again to $11.99 at 10:16. After that it spent about 25 minutes mostly between $11 and $12.

A tight range, then 10:41

The 10:41 minute went to $13.14 on 43,832 shares. The next minute reached $14.09. At 10:43 it closed at $14.09, and at 10:43:34 it was halted (a volatility pause).

It reopened at 10:48:34 at $13.51, below where it stopped. A single trade of 13,843 shares printed at that price. It ran to $14.86, and at 10:48:54, twenty seconds after the reopen, it was halted again.

The second halt ended at 10:53:54. It reopened at $15.31, higher than where it stopped, with a single print of 11,470 shares.

After the second reopen

The 10:54 minute traded 116,259 shares and reached $17.65. It ran to $18.04 at 10:58, up 18% from the reopen. At 10:58:07 one buy order of 10,146 shares went through 76 price levels, from $16.76 to $18.04, in 50 milliseconds.

It then pulled back to $16.57 at 10:59.

The 11:01 minute pushed to $19.00 on 92,100 shares. In the 11:02 minute it hit $19.54, the high of the day. Within a minute it was back at $17.71.

By 11:05, more shares had traded than exist in the whole float (1.05 million).

The fall, two more halts, and the close

From the top it slid. By 11:09 it was at $15.25, and the next print came at 11:10 at $15.18 on 710 shares. At 11:10:03 it was halted for the third time.

It reopened at 11:20:03 at $13.68, lower than where it stopped. A single trade of 14,371 shares printed there. The low that minute was $12.48.

It fell to $12.07 at 11:21, down 38% from $19.54. It bounced to $13.59 at 11:23, well under the $19.54 top.

It faded again: $11.77 at 11:24. At 11:32:23 it was halted a fourth time. It reopened at 11:37 at $10.71 and kept sliding to $10.28 at 11:39, then to $9.28 at 11:49.

The low of the day was $7.57 at 12:38 p.m., below the $8.11 previous close. After that it bounced. From 1 p.m. to the close it held between $8.53 and $9.74, and it closed at $9.18, 13% above the previous close.

By the close, 2.12 million shares had traded: the float changed hands about 2 times, at about 15.5 times its normal volume. After hours added 33,219 shares, in a range of $8.50 to $9.60.

What to take from it

• After the top, the bounces stopped lower. $19.54 at 11:02, then $14.50 at 11:20 and $13.59 at 11:23.
• A halt reopen can print lower than it stopped, and still cost more than the screen says. The 11:10 halt stopped at $15.18 and reopened at $13.68. A 5,000-share buy one second later averaged $14.46 against $13.64 on screen.
• Most of the move was gone by the close. It closed at $9.18, 53% below the $19.54 high.