Recaps · August 13, 2026

DARE, August 13: a quiet session, then $2.27 after hours

• Small cap
• Momentum
• Main move: after hours
• Catalyst: Q2 results
• Thin pre-market
• Faded in the regular session
• No halts

Float

14.33 million shares

Volume

2.58 million shares

Previous close

$1.44

Open

$1.43 (up 0.7%)

High

$1.47 at 9:02 a.m.

Close

$1.38

The day before

On August 12, DARE opened at $1.47 and traded between $1.42 and $1.48. It closed at $1.44 on 39,874 shares. It was a quiet stock going into the 13th.

Pre-market: seven shares

There was almost nothing to trade. The first print was $1.46 at 8:56 a.m. Then $1.47 at 9:02 a.m., the pre-market high. That minute closed at $1.44. One more trade came at $1.45 at 9:28. Seven shares traded before the bell.

A book that empty makes a screen price unreliable.

The open and the drift down

It opened at $1.43, a penny under the $1.44 close. The opening minute traded 3,542 shares and touched $1.47, so it matched the pre-market high without passing it. Then it slid. By 10:04 it was at $1.40.

The next real drop came at 10:42. That minute traded 8,461 shares and ended at $1.34. It held $1.33 to $1.36 for hours, with long stretches of one-share and 100-share prints.

At 3:25 p.m. it traded 8,299 shares between $1.33 and $1.34, after $1.35 at 3:23. By 3:30 it had traded down to $1.31.

There was no halt all session. It bounced into the close. It was $1.33 at 3:50, and the 3:59 minute traded up to $1.38. It closed at $1.38, 6% below the $1.47 high. Regular-session volume was 84,045 shares, less than 1% of the 14.3 million-share float.

After hours: the news

At 4:01 p.m., GlobeNewsWire ran: “Daré Bioscience Reports Second Quarter 2026 Results and Highlights Commercial Inflection as Multi-Product Women's Health Strategy Advances.” At 4:02 p.m. the company filed a 10-Q (the quarterly report) and an 8-K (a current report).

The stock barely moved at first. It was $1.37 at 4:00 and $1.38 at 4:01. Then at 4:07 it traded 7,826 shares and ran from $1.45 to $1.68. The next minute reached $1.77 on 39,457 shares, then fell back to $1.56 by 4:09.

From 4:10 to 5:45 it ranged between $1.53 and $1.74. Volume was mostly lighter than in the later run, though the 4:16 minute traded 43,632 shares.

After hours: $2.27

The move that made the day came late. At 5:50 it was at $1.72, and the 5:52 minute traded 44,287 shares and reached $1.95. The 5:53 minute traded 125,264 shares and closed at $2.04. The 5:55 minute was the biggest, at 158,391 shares. It hit $2.27, the high of the day, at 5:55 p.m., up 66% from $1.37 at 4:00.

It couldn't hold the top. It was $2.06 at 6:00 and closed the 6:10 minute at $1.90. At 6:16 p.m. Zacks Investment Research ran: “Dare Bioscience, Inc. (DARE) Reports Q2 Loss, Beats Revenue Estimates.” That minute closed at $1.84. By 6:24 it had dropped to $1.73, and it touched $1.71 at 6:40, and the last bar we have, at 7:59 p.m., closed at $1.80.

After hours traded 2.49 million shares, about 30 times the regular session's 84,045. The whole day came to 2.58 million.

What to take from it

• The whole move happened after hours. The regular session ran from $1.43 to $1.38 on 84,045 shares. The $2.27 high came at 5:55 p.m.
• A pre-market with seven shares traded has no real price. The screen showed $1.50, and a 5,000-share buy would have averaged $1.96.
• The first after-hours spike and the biggest one were more than an hour and a half apart. The first came at 4:07 and the high at 5:55, with a flat stretch in between.