Hindsight Markets Small-cap stocks on August 3, 2026
DFNS on August 3, 2026: why it ran
On August 3, 2026, DFNS opened up 51.7% from the previous close of 27.68 and reached 70.61 at 2:12 p.m. ET. The exchange halted it 3 times.
- Previous close
- 27.68
- Open, 9:30 a.m.
- 42.00
- Gap at the open
- up 51.7%
- Pre-market high
- 47.99 at 9:19 a.m.
- High, 4 a.m. to 4 p.m.
- 70.61 at 2:12 p.m.
- Low, 4 a.m. to 4 p.m.
- 25.61
- After-hours high, 4 p.m. to 8 p.m.
- 63.68 at 4:00 p.m.
- Last trade before 4:00 p.m.
- 61.09
- Volume
- 6.16 million
- Relative volume
- 1.5x
- Float
- 780,429 shares, from filings as of August 3, 2026
- Shares outstanding
- 1.01 million
Why it ran
News and SEC filings for DFNS published between the previous session's close and the first minute DFNS traded 20% above it, at 4:04 a.m. ET, newest first, from the same feeds the replay shows.
No news found before the move.
How it traded
Gap, run and fade. It gapped up 51.7% to 42.00 at the open, ran from the open to the high of 70.61 in 282 minutes through 3 halts, then gave back 33% of that move by 4:00 p.m., trading at 61.09.
| Time (ET) | What happened |
|---|---|
| 4:04 a.m. | First trade 20% above the previous close of 27.68 |
| 9:19 a.m. | Pre-market high, 47.99 |
| 9:26 a.m. | Volume since 4:00 a.m. passes the whole float, 780,429 shares |
| 9:30 a.m. | The open: 42.00, up 51.7% from the previous close |
| 9:31 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 9:36 a.m. |
| 9:41 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 9:46 a.m. |
| 9:57 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 10:07 a.m. |
| 2:12 p.m. | High of the day to the close, 70.61 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 61.09, 13.5% below the high |
The shape is a fixed rule, not a judgement: gapped 10% or more at the open, ran 10% or more from the open to the high, and faded if it gave back 30% or more of that move by the close.
The day in numbers
- Volume, from the one-minute bars: 804,408 shares before the 9:30 a.m. open (13%), 763,121 in the first 30 minutes (12%), and 4.60 million in the rest of the day to 8 p.m. (75%).
- Float rotation, the volume since 4 a.m. against the float of 780,429 shares: past it once at 9:26 a.m., twice at 9:57 a.m., three times at 11:34 a.m.
- The halt at 9:31 a.m.: up 5.7% in the 5 minutes into it, reopened at 45.72, unchanged from the last trade before it, then up 7.0% over the next 5 minutes.
- The halt at 9:41 a.m.: up 14.5% in the 5 minutes into it, reopened at 52.24, up 0.3% from the last trade before it, then down 8.1% over the next 5 minutes.
- The halt at 9:57 a.m.: down 8.5% in the 5 minutes into it, reopened at 42.61, down 4.5% from the last trade before it, then up 6.8% over the next 5 minutes.
- Other days DFNS met the small-cap rule in our recaps: 2, the latest on August 25, 2026.
Halts
| Halted | Resumed | Length | Reason in the feed |
|---|---|---|---|
| 9:31 a.m. | 9:36 a.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 9:41 a.m. | 9:46 a.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 9:57 a.m. | 10:07 a.m. | 10 min 0 s | LULD pause (limit up-limit down) |
On this date the LULD plan ran under Amendment 18, in force from February 24, 2020: no band doubling at the open, and the closing doubling only for Tier 1 stocks and Tier 2 stocks whose previous close was at or below three dollars. See LULD halts or work out a band with the LULD calculator.
Trade this day
Replay DFNS on August 3, 2026 in Hindsight Markets: the real tape, the order book and the halts, on a clock you control, and see where your orders would have filled.