Recaps · August 13, 2026

FGI, August 13: earnings after the close, eight halts, and $19.93

• Small cap
• Momentum
• Main move: midday
• Catalyst: earnings (day 2)
• Halt run
• Bid wall broke
• Halted eight times
• Float traded 24x

News

Zacks Investment Research, the day before at 6:41 p.m.

Float

1.93 million shares

Volume

46.41 million shares

Previous close

$4.73

Open

$8.48 (up 79.3%)

High

$19.93 at 12:37 p.m.

Halts

8 (9:36 a.m. and 10:02 a.m. and 10:07 a.m. and 10:19 a.m. and 10:25 a.m. and 12:38 p.m. and 12:48 p.m. and 1:00 p.m.)

Close

$11.71

The day before

On August 12, FGI ran from $4.59 to a high of $6.96. It gave almost all of it back and closed at $4.73.

The news came after the close. At 4:15 p.m. PRNewsWire ran: “FGI INDUSTRIES ANNOUNCES SECOND QUARTER 2026 RESULTS”. At 6:41 p.m. Zacks Investment Research ran: “FGI Industries Ltd. (FGI) Beats Q2 Earnings Estimates”. After hours it was already back up to $5.70.

Pre-market: the jump at 6:58 a.m.

The first trades on the 13th were at $5.29, already above the $4.73 close. It dipped to $4.81 at 4:04 a.m., the low so far, and then drifted around $5 for over an hour.

Volume picked up at 5:17 a.m. and the stock touched $6.14 at 5:19. The real jump came at 6:58 a.m. The 7:00 a.m. minute alone traded 419,427 shares. In the 7:01 minute it reached $8.37.

The pre-market high was $9.70 at 8:20 a.m. 16.92 million shares traded before the bell.

The open and five halts

It opened at $8.48, up 79% from the previous close. It slid from there, and at 9:36:25 it was halted (a volatility pause). It reopened at 9:41 at $7.40 and fell to $7.07 at 9:45, the low since the open.

Then it turned. It was halted again at 10:02 and reopened at 10:07 at $9.36. It halted again 15 seconds later, at 10:07:39, and this time stayed out for ten minutes. It came back at 10:17:39 at $10.20.

It ran to $10.56 at 10:18. At 10:19 it was halted with the last trade at $10.56. It reopened at 10:24 at $9.40, 11% below where it stopped. One more halt came at 10:25:17, and it reopened at 10:30 at $9.65. That makes five halts before 10:31.

The bid at $11.00

At 10:47 a.m. Seeking Alpha ran: “FGI Industries Ltd. (FGI) Q2 2026 Earnings Call Transcript”. The stock was at $9.44 at 10:46 and reached $12.30 at 10:58, up 30%.

This is the part a chart doesn't show you. From 11:13 on, a large bid sat at exactly $11.00. It peaked at 37,394 shares at 11:14, about 2% of the float. It sat under the price while the stock chopped between roughly $11.30 and $12.00.

Here's what happened. At 11:22:31, 14,611 shares traded at exactly $11.00 within that one second, and the bid was gone. A sell order of 30,658 shares went through 23 price levels, from $11.12 down to $10.90. The 11:22 candle low was $10.89.

After the $11.00 bid

For the next half hour it traded between about $10.40 and $11.95.

The 11:54 candle ran to $13.02 on volume of 356,210 shares. A buy order of 57,070 shares at 11:54:45 went through 76 price levels, from $12.24 to $13.00. It was at $14.04 by 11:58.

At 12:22 it traded through $15.00 for the first time. Then it ran fast: $16.04 at 12:23, $17.65 at 12:34, $18.79 at 12:35.

The 12:38 halt

At 12:38 it was halted with the last trade at $19.93. The candle that minute had 285 shares.

The reopen print was 47,850 shares at $18.38, 8% below where it stopped. The 12:43 candle ranged from $17.20 to $19.93.

It pushed to $19.45 at 12:45, then fell. At 12:47 it was at $16.64, and at 12:48:08 it was halted again. It reopened at 12:53 at $16.64.

At 12:53 a bid of 100,000 shares showed up at $12.43, 5.2% of the float and well under the price. It was pulled at 1:00:20. Thirteen seconds later, at 1:00:33, FGI was halted for the eighth time. It reopened at 1:05 at $14.25.

The rest of the day

It kept trading in a range between about $13.40 and $16.50 until 2:37 p.m. Then it slid. It touched $13.29 at 2:38 and $12.25 at 2:57 and closed the regular session at $11.54.

After hours it bounced to $13.00 at 5:58 p.m. It was back at $11.77 by 7:59 p.m.

By the close, 28.22 million shares had traded in the regular session, about 14.6 times the float. For the whole day, 46.41 million shares traded: the float changed hands about 24 times, at over 1,000 times its normal volume (about 42,000 shares a day).

What to take from it

• Here, day two was far bigger than day one. Day one closed at $4.73. Day two reached $19.93.
• A big bid is not a floor. The bid at $11.00 peaked at 37,394 shares. When the price came to it, 14,611 shares traded at $11.00 in one second and it was gone.
• Halt reopens cost more than the screen says. The book is thinnest right after a reopen. Here a 5,000-share buy at the reopens ran $197 to $2,700 over the screen in the fills shown.