Recaps · August 24, 2026

FVN, August 24: two halts and $21.98

• Small cap
• Momentum
• Main move: the afternoon
• Halted twice
• Halt reopen
• Lower high

Float

5.81 million shares

Volume

185,714 shares

Previous close

$13.00

Open

$12.90 (up 0.8%)

High

$21.98 at 1:56 p.m.

Halts

2 (1:45 p.m. and 1:56 p.m.)

Close

$19.78

The day before

On August 21, FVN traded between $11.27 and $15.09 and closed at $13.00. Its last trade that evening was $14.32. No news came out on the 24th in our data, so there is no headline to point to.

Pre-market: very thin

The first trades were at $13.00 at 4:05 a.m. At 4:14 a.m. one 16-share minute printed at $10.26, the low so far. One minute later it printed $13.18, the pre-market high. These are tiny trades. Only 248 shares traded before the bell, so the prices say little.

Through the morning it sat between about $11.50 and $13.18 on a handful of shares.

The open: a slow morning

It opened at $12.90, below the $13.00 close. The first minute went to $13.30. At 9:53 a.m. one 10-share minute hit $14.19, and the next minute it opened at $13.00.

Then it chopped around $12.50 to $13.00. At 10:18 it was $12.25. The low since the open was $12.19 at 10:23. The next minute it reached $13.31, then was back at $12.60. Volume stayed small, a few thousand shares at most per minute.

The climb to $18.40

At 10:41 a.m. it was at $12.95 and began to move up. It got to $14.50 by 10:49, then sat near $14.35 through the lunch hour on very few trades.

At 12:30 p.m. it woke up, touching $15. It went through $16 at 12:52, and the 12:57 minute traded 9,828 shares on the way to $17.50. At 12:59 it reached $18.40, up 51% from the $12.19 low at 10:23.

It pulled back to $16.50 and spent the next 40 minutes between about $16.00 and $18.40.

The first halt

At 1:45 p.m. it jumped from $18.18 to $20.16 in one minute. It was halted (a volatility pause) at 1:45:55.

It reopened at 1:55:55 p.m. at $20.56. The first minute after the reopen went to $21.38.

The top and the second halt

$21.98 came in the 1:56 minute, the high of the day. That minute traded 14,238 shares, the most of any minute that day, and it closed at $18.50.

At 1:56 p.m. it was halted again (at 1:56:37). It reopened at 2:01 p.m. at $17.94, below the $18.50 last trade of the 1:56 minute.

The rest of the day

After the second reopen it dropped to $17.03 by 2:03 and then ranged between about $17 and $19.50 for the afternoon. It dipped to $17.07 at 2:23, $17.20 at 3:02 and $17.25 at 3:15.

Late, it tried again. At 3:58 p.m. it hit $20.74, a lower high under the $21.98 top. It closed at $19.78, up 52% on the day.

Regular-session volume was 176,575 shares, about 2 times normal. The float is 5.8 million shares. After hours it moved between about $17.50 and $20.00 on 8,891 shares.

What to take from it

• After the top, the next push stopped lower. $21.98 at 1:56 p.m., then $20.74 at 3:58 p.m.
• Halt reopens were expensive. A 5,000-share market buy cost $2,448 over the screen after the first reopen and $6,560 over after the second.
• A quiet stock can still move fast. Most minutes were a few hundred shares or less, yet the biggest moves came in a few busy minutes.