Recaps · August 21, 2026

SUGP, August 21: the $4.20 wall, three halts, and a close at $1.60

• Small cap
• Momentum
• Gap, run and fade
• News: compliance notice
• Ask wall break
• Halted three times
• Float traded 31x

News

PRNewsWire, the day before at 4:00 p.m.

Float

701,604 shares

Volume

21.93 million shares

Previous close

$3.02

Open

$3.83 (up 26.8%)

High

$4.85 at 7:03 a.m.

Halts

3 (12:36 p.m. and 12:57 p.m. and 1:09 p.m.)

Close

$1.60

The day before

On August 20, SUGP traded between $2.49 and $3.96 and closed at $3.02.

The news came as the market closed. At 4:00 p.m. PRNewsWire ran: “SU GROUP HOLDINGS LIMITED REGAINS COMPLIANCE WITH NASDAQ MINIMUM BID PRICE REQUIREMENT”. The last trade in the data from that evening was $3.73.

Pre-market: the float traded by 4:11 a.m.

The first trades on the 21st were at $3.50, already above the $3.02 close. The float is only 701,604 shares. By 4:11 a.m., more shares than that had traded. From $3.28 at 4:05 a.m. it ran to $4.34 at 4:11 a.m., up 32%.

It held around $4 for most of the pre-market. It dipped to $3.70 at 4:49 and was back at $4.34 at 5:23.

Level 2 shows sellers parked above the price. An ask wall of about 50,000 shares sat at $4.89 from 4:11 to 4:17. Another of about 50,000 sat at $5.07 from 4:26 until 6:58. At 6:56 a wall appeared at $5.00.

At 6:53 the stock woke up again, going from $4.14 to $4.40 on 242,605 shares. The 6:56 minute hit $4.65 on 379,491 shares.

The 7:02 minute reached $4.77. Then $4.85, the high so far, at 7:03 a.m. It stopped below the $5.00 wall. The $5.33 wall that had appeared at 6:59 was pulled at 7:02:00. Within three minutes the price was back at $4.45. 12.71 million shares traded before the bell.

At 8:46 it dropped from $3.94 to $3.72, and at 8:47 it hit $3.43 on 172,446 shares. At 9:23 a.m. Benzinga ran: “SU Group Holdings Stock Jumps Friday: What's Driving the Move?”

The wall at $4.20

It opened at $3.83, up 27% from the previous close. The first minute dipped to $3.59.

Level 2 showed a large ask at exactly $4.20 from 8:56 a.m. on. It peaked at 56,856 shares at 9:48 a.m., about 8% of the float.

After the open the stock worked up toward it. There were buy sweeps at 9:48 and at 9:50, where the 9:50 minute reached $4.15.

At 9:53:00 one buy order swept 47,753 shares from $4.15 to $4.20. Over 5.3 seconds, 18,233 shares traded at exactly $4.20 and the wall was gone.

The 9:53 minute pushed to $4.25 and also dropped to $3.69. It closed at $3.82 on 465,655 shares, the most of any minute that day. $4.25 was a lower high than the $4.85 top.

The slide to the first halt

It spent the next hour drifting down. It was at $3.42 by 10:33 and $3.10 at 10:57. At 11:11 it traded down to $3.00, under the $3.02 previous close.

At 11:47 the company filed a 6-K. At 11:48 a sell order swept 28,853 shares from $3.00 down to $2.79, and the minute low was $2.78. It was back to $3.17 by 11:50.

At 12:02 two prints of 38,910 and 14,200 shares went through at $3.00. After that the slide picked up speed: $2.46 at 12:29, $1.99 at 12:35, $1.79 at 12:36.

Three halts in 37 minutes

At 12:36:48 it was halted (a volatility pause) with the last trade at $1.79. It reopened at 12:56:49 at $1.12, 37% below where it stopped. The first print was 79,463 shares at $1.12.

From $1.12 it ran to $1.34. At 12:57:05 it was halted again with the last trade at $1.34. It reopened at 1:02 p.m. at $1.48, 10% above where it stopped. On Level 2, the same 5,000-share buy at 1:02:06 would have averaged $1.58 against $1.50 on screen (+$386).

At 1:06 p.m. the company filed a 6-K/A. At 1:08 the stock ran to $2.03, and at 1:09 it was halted a third time with the last trade at $2.03. It reopened at 1:14 p.m. at $2.05. The high of that minute was $2.15. By 1:18 it was at $1.50.

The rest of the day

From 1:20 on it traded mostly between $1.50 and $1.90. At 3:06 p.m. it dropped from $1.66 to $1.35 in one minute on 162,709 shares. It was back at $1.54 by 3:09.

It closed at $1.60, 67% under the $4.85 high of the day. That high came before the bell, at 7:03 a.m., 27% above where it opened.

Through the close, 21.46 million shares traded, counting pre-market: the float changed hands about 31 times, at 48 times its normal volume. The regular session was 8.75 million of that and the pre-market 12.71 million. After hours, 468,651 more traded, and the price reached $1.80 at 5:43 p.m.

What to take from it

• A halt can reopen far from where it stopped, and the reopen fill is worse than the screen. The 12:36 halt stopped at $1.79 and reopened at $1.12. A 5,000-share buy a second later averaged $1.31 against $1.19 on screen.
• A wall breaking is not the same as a breakout. The $4.20 wall was eaten in 5.3 seconds, and the same minute reached $4.25, dipped to $3.69 and closed at $3.82.
• Here the high came before the open and none of the move lasted. $4.85 at 7:03 a.m., then $4.25 at 9:53, then a close at $1.60, 67% below the high.