Recaps · August 31, 2026

WETO, August 31: one halt, $14.00, and a roughly 35,000-share bid that kept getting pulled

• Small cap
• Momentum
• Main move: the morning
• Float traded 17x
• Halted once
• Gap, run and fade
• Moving bid wall

Float

914,205 shares

Volume

17.19 million shares

Previous close

$5.72

Open

$7.21 (up 26.0%)

High

$14.00 at 10:58 a.m.

Halts

1 (9:42 a.m.)

Close

$5.50

The day before

On August 28, WETO opened at $13.86 and hit $15.52. It also traded as low as $5.30, and it closed at $5.72.

Its last bar of the evening was $7.02.

Pre-market: the float traded by 8:53 a.m.

The first trade on the 31st was $7.51, already above the $5.72 close. It spent most of the pre-market between about $6.80 and $7.55.

Then at 8:49 a.m. it started to climb. By 8:53 a.m., more shares had traded than exist in the whole float (914,205). The 8:53 candle alone traded 144,514 shares. It set the pre-market high, $8.74 at 8:53 a.m. 1.36 million shares traded before the bell.

It did not hold. By 8:55 it was down to $7.16, and at 9:12 a.m. it touched $6.80, 22% under the pre-market high.

The open and the halt

It opened at $7.21, up 26% from the previous close. In the first four minutes it ranged from $7.02 to $7.46, then moved. At 9:41 a.m. it cleared the $8.74 pre-market high.

At 9:42 a.m. it was halted (a volatility pause). The last trade before the halt was $9.37.

It reopened at 9:47:43 at $9.37. The first print was 37,960 shares on Nasdaq at exactly $9.37. The 9:47 minute ranged from $8.76 to $9.73. The 9:48 minute went from $8.49 to $10.07.

The morning run

From $7.17 at 9:33 a.m. it ran to $10.50 at 9:51 a.m., up 46%. It dipped to $9.05 at 9:54, then pushed to $11.42 at 10:01 a.m.

It gave some back, and at 10:06 it was down to $9.97. It rebuilt: $11.80 at 10:25, then a pullback to $10.36 at 10:32. At 10:36 it was at $10.62. From there it ran to $13.43 at 10:44 a.m., up 26%. At 10:47 it dipped to $12.10.

At 10:57:33 a buy order for 27,621 shares went through 32 price levels, from $13.49 to $13.80. The high so far, $14.00, printed at 10:58 a.m., 145% above the previous close. By the end of that minute, more than ten times the float had traded. Within two minutes it was back at $12.90.

The 11:16 drop

At 11:16 it dropped to $11.32 on 127,565 shares. Then it climbed again.

The bid that kept getting pulled

This is the part a chart doesn't show you.

From 11:05 a.m. on, a bid of about 35,000 shares kept appearing far below the market. That is about 3.8% to 3.9% of the float each time. It first sat at $9.22, when the stock was near $12.40. It was pulled at 11:28, and a new one of about 35,000 appeared at $9.59. That one was pulled at 11:51, and at 11:51:51 a new one appeared at $9.13.

The bid was far from the price. At 11:54:43 a sell order for 21,078 shares went through 42 price levels, from $11.45 to $11.02. The 11:54 candle fell to $10.81. It slid to $10.37 by 11:59.

The $9.13 bid peaked at 35,576 shares at 11:59 a.m. and was pulled at 12:09:47 p.m., with the stock still well above it. More followed at $9.07 (pulled at 12:33), $9.04 (pulled at 12:35) and $8.73 (pulled at 12:50). While each one was up, the price never got down to it.

The rest of the day

It kept fading: $9.53 at 12:33 p.m. A bounce took it back to $11.85 at 12:53, then it rolled over again. A 22,110-share sell sweep at 3:35 p.m. ran from $7.85 to $7.66. At 3:51 p.m. a 28,496-share sell sweep ran from $6.29 to $5.97. The low was $5.42 at 3:58 p.m. It closed at $5.50.

From 4 a.m. to the close, 15.60 million shares traded: the float changed hands about 17 times, at about 5 times its normal volume. 14.24 million of that traded in the regular session.

After hours it traded between $5.48 and $7.14, with the high at 4:16 p.m. 1.59 million shares traded after the close.

What to take from it

• After the top, the highs kept stepping lower. $14.00 at 10:58 a.m., $13.12 at 11:02, then $12.70 at 11:30 a.m. after an 11:16 dip to $11.32.
• Both fills here cost more than the screen showed: $1,399 over at the reopen and $311 over at the high.
• The roughly 35,000-share bids far below the price were pulled six times, and the stock closed at $5.50, 61% below the $14.00 high.