Recaps · September 1, 2026

FLYE, September 1: $3.97 at 5:38 a.m., a halt, and $2.17 at the close

• Small cap
• Momentum
• Main move: pre-market
• Gap, run and fade
• Pre-market spike
• Halted once
• Ask wall eaten
• Float traded 18x

Float

1.46 million shares

Volume

29.73 million shares

Previous close

$1.36

Open

$1.80 (up 32.4%)

High

$3.97 at 5:38 a.m.

Halts

1 (10:00 a.m.)

Close

$2.17

Pre-market: $3.97 at 5:38 a.m.

The day before, FLYE traded 14,098 shares and the official close was $1.36. The first trades on the 1st came at 5:35 a.m., around $1.45, already above that close.

At 5:37 a.m. it opened at $1.50 and ran to $2.28. In the next minute it hit $3.97, the high so far, at 5:38 a.m., up 192% from the previous close. That minute alone traded 133,310 shares.

The wall at $2.89

At 5:39:34 a.m., just after the high, a lot of stock appeared for sale at exactly $2.89. It peaked at 131,928 shares at 5:40:54, about 9% of the float. In the 5:40 and 5:41 minutes the stock sat between $2.88 and $2.89.

Here's what happened. At 5:42:32 the wall was pulled. Only 432 shares traded at $2.89 in that time, so buyers didn't eat it. The size left the book. The 5:42 candle dropped to $2.29 and closed at $2.36. By 5:43 it was at $2.23.

It ran to $2.57 at 5:44 a.m., then fell to $2.01 at 5:46 a.m., down 22%.

By 6:08 a.m., more shares had traded than exist in the whole float (1.46 million). A 21,556-share print at $2.25 went through in that same minute. At 8:07 a.m. the stock was down to $1.60. Pre-market volume ended at 5.60 million shares.

The open

It opened at $1.80, up 32% from the previous close. By 9:32 it touched $2.00, and by 9:43 it traded to $2.57 on 731,340 shares in one minute. By 9:54 a.m. more than eight times the float had traded.

The 9:55 minute was the heaviest of the day: 914,740 shares. A 45,959-share buy order swept from $2.59 to $2.63 across five price levels at 9:55:38. It pushed to $2.79 at 9:55 a.m., the regular-session high so far and a lower high under the $3.97 top.

Then it turned. The 10:00 candle opened at $2.39 and fell to $2.07. At 10:00:36 it was halted (a volatility pause). At 10:00:23, stock first appeared for sale at $2.07; that wall peaked at 72,456 shares at 10:00:33, 5% of the float.

It reopened at 10:05:36 at $2.10. A single 103,035-share print went through at $2.10, and the $2.07 offer was gone one second later. A bid wall of up to 57,338 shares had been building at $2.07 since 10:01:30. It was pulled at 10:07:22, after 9,917 shares traded at $2.07.

The slide went on. At 10:09 a 39,413-share sell swept from $2.01 to $1.97, and the low that minute was $1.94. After the open the low so far came at 11:11, $1.71.

The wall at $2.30

Between 12:23:53 and 12:24:03, three buy orders swept the book: 54,807 shares from $2.15 to $2.24, then 41,548 from $2.23 to $2.27, then 37,965 from $2.26 to $2.30.

From 12:27 p.m. on, a lot of stock was offered at exactly $2.30. It peaked at 56,842 shares at 2:18 p.m., about 4% of the float. Underneath, a bid wall sat at $1.94, up to 52,474 shares.

Here's what happened. At 2:22:00 a 58,804-share buy order swept from $2.21 to $2.30 across ten price levels, and 11,559 shares traded at exactly $2.30. One second later the wall was gone. The 2:22 candle reached $2.38 on 208,513 shares. At 2:24 another buy order of 59,659 shares swept $2.37 to $2.40.

The afternoon high was $2.44 at 2:55 p.m. At 3:29 an 85,900-share sell swept from $2.21 to $2.16 across six levels.

The close and after hours

It closed at $2.17, 45% under the $3.97 high of the day. That high came before the bell, at 5:38 a.m., 121% above the $1.80 open.

The regular session traded 21.11 million shares, on top of 5.60 million pre-market. By the close, about 26.71 million shares had traded: the float changed hands about 18 times, and the whole day ran at over 6,000 times its normal volume. After hours added 3.02 million more.

After hours it ran from $2.01 in the 4:09 p.m. minute to $2.69 at 5:15 p.m., up 34%.

At 5:23 p.m., after the close, the company filed a 10-Q (the quarterly report). At 5:38 p.m., PRNewsWire ran: “Fly-E Group, Inc. Announces First Quarter of Fiscal Year 2027 Financial Results”. The stock was at $2.55 at 5:23 p.m. and $2.47 at 5:38 p.m.

What to take from it

• After the top, the next push stopped lower. $3.97 at 5:38 a.m., then $2.79 at 9:55 a.m.
• Chasing a spike costs more than the screen says. At 5:38:08 a.m. a 5,000-share buy averaged $3.60 against $2.28 on screen. After the 10:05 reopen the same order cost nothing extra.
• A wall can be pulled or eaten, and you can't tell which in advance. The $2.89 wall was pulled and the stock fell. The $2.30 wall was swept in a second and the stock jumped.