Recaps · August 11, 2026

WXM, August 11: four halts and $13.96

• Small cap
• Momentum
• Main move: pre-market
• Tiny float
• Gap, run and fade
• Halted four times
• Float traded 43x

Float

576,874 shares

Volume

25.12 million shares

Previous close

$4.00

Open

$10.76 (up 169.0%)

High

$13.96 at 9:00 a.m.

Halts

4 (9:30 a.m. and 9:41 a.m. and 9:49 a.m. and 10:27 a.m.)

Close

$7.92

The day before

On August 10, WXM traded between $3.59 and $4.50 on 21,485 shares. The official close was $4.00. The float is 576,874 shares, so that day barely touched it.

Pre-market: the float traded by 4:36 a.m.

The first trade of the day was $3.90 at 4:03 a.m. Nothing much happened until 4:29 a.m., when it traded through $5.00. In that minute it went from $4.43 to $7.00. At 4:30 a.m. it hit $9.85, up 122% from $4.43.

Then it fell just as fast, to $4.69 at 4:34 a.m., down 52% from the high. By 4:36 a.m., more shares had traded than exist in the whole float (576,874).

It kept swinging. It ran to $7.72 at 4:41, then fell to $6.14 at 4:44 (down 20%). It ran to $8.29 at 4:51, then fell to $6.28 at 5:04 (down 24%). From $6.57 at 5:06 it ran to $9.89 at 5:20 a.m., up 51%. By 5:51 a.m. the float had traded ten times.

It dipped to $8.02 at 5:28, ran to $10.69 at 5:42, then pulled back to $8.26 at 6:29 a.m. From there it climbed to $11.72 at 6:50 a.m. (up 42%) and then slid to $8.56 at 7:13 a.m. (down 27%). After that it spent most of the next two hours between about $9 and $10, with a spike to $11.55 at 7:30.

At 8:51 a.m. it opened at $9.42. Then it turned up: the 8:53 minute closed at $10.33 and the 8:59 minute closed at $11.71.

In that minute it hit $13.96, the high so far, at 9:00 a.m. The 9:00 candle alone traded 552,665 shares. Two minutes later it was down to $9.80. 16.77 million shares traded before the bell.

The open and four halts

It opened at $10.76, up 169% from the previous close. It was halted at 9:30:34, 34 seconds into the session (a volatility pause), and reopened at 9:35:34. At the 9:35:34 reopen a 35,167-share print went off at $11.83.

It pushed to $12.70 in the 9:36 minute and $12.79 at 9:37. That is a lower high under the $13.96 top. By 9:40 it was back at $10.74.

Second halt: 9:41:10 to 9:46:10. It reopened at $10.74 with a 30,410-share print, ran to $11.77 in the first minute, and was at $10.17 by 9:48.

Third halt: 9:49:02 to 9:54:02. It reopened at $10.17 with a 33,295-share print. The 9:54 candle fell to $9.16 and closed at $9.20.

Right after that reopen a bid wall appeared at $8.11, first seen at 9:55:09. It peaked at 26,093 shares at 9:55:30, about 4.5% of the float. It sat there for half an hour.

At 10:26:44 that wall was pulled. The 10:26 candle dropped from $10.14 to $9.28, and at 10:27 it fell to $8.87.

Fourth halt: 10:27:34 to 10:32:34. It reopened at $9.00 with a 25,275-share print. Four seconds later a 26,180-share sell order went through the book from $8.92 down to $8.50.

A new bid wall showed up at $7.00 at 10:33:30. It peaked at 37,368 shares at 10:36:35 (6.5% of the float) and was pulled at 10:53:09. By then it was trading around $8, and it never got down to the $7.00 wall.

The wall at $8.99

The stock settled into a quiet range. In the early afternoon it hit its lowest price of the regular session, $7.27 at 1:01 p.m.

Offers began to stack above it. An ask wall at $8.94 first showed at 12:22:53, grew to 25,985 shares by 12:57, and was pulled at 1:24:50. A minute later a new ask wall appeared at exactly $8.99. It peaked at 28,313 shares at 1:42 p.m., about 5% of the float.

At 1:59:23 the wall was pulled. The 1:59 candle ran from $7.98 to $8.50, and 2:00 hit $8.71. It never reached $8.99. By 2:02 it was back at $8.02.

The rest of the day

The afternoon was a slow grind between about $7.60 and $8.90. It was $8.94 at 3:10 p.m. and it closed at $7.92, 43% under the $13.96 high of the day. That high came before the bell, 30% above where it opened.

Before the close (pre-market plus regular session), 24.72 million shares had traded: the float changed hands about 43 times, at over 1,000 times its normal volume. Normal volume is tiny, about 23,000 shares a day. It was halted 4 times.

After hours

After hours it kept falling. It traded up to $8.14 in the 4:00 p.m. minute, and hit a low of $5.67 at 4:49 p.m., down 28% from the $7.92 close. 402,021 shares traded after the close.

What to take from it

• A big wall can vanish without a single trade. The $8.99 ask wall was pulled at 1:59 p.m. and the stock never reached it. A bid wall that size sat at $8.11 for half an hour, then left at 10:26 before the drop.
• Halt reopens are the thinnest moments. At the 10:32 reopen only 60 shares were offered at the screen price, and a 5,000-share buy would have averaged $1,246 above it.
• After the top, the next push stopped lower. $13.96 at 9:00 a.m., then $12.79 at 9:37 a.m. The stock closed at $7.92, 43% below the high.