EDBL on August 3, 2026: why it ran

The day, step by step

• Small cap
• Momentum
• Main move: pre-market
• Catalyst: filing and news
• Float traded 9x
• Lower high
• Gap, run and fade

Before the news

On July 31 EDBL traded between $2.25 and $2.51 on 114,708 shares. The official close was $2.33.

The morning of the 3rd was quiet. Trades were rare and the price drifted between about $2.17 and $2.38. The low of that stretch was $2.17 at 6:34 a.m. The stock had a float of just 1.35 million shares.

At 8:01 a.m. the company filed an 8-K. In the 8:02 minute 10,004 shares traded and the price went from $2.30 to $2.47. At 8:03 it touched $2.51. By 8:12 it was back at $2.35.

8:12: after the 8-K

At 8:13 a.m. GlobeNewsWire ran: “Edible Garden Secures Multi-Year Private Label Supply Agreement, Expanding Partnership with Major Midwest Big-Box Retailer.” That minute, 139,904 shares traded and it went from $2.35 to $3.10.

The 8:14 minute was wild. It hit $3.63, but also dipped to $2.71 inside the same minute, on 542,171 shares. At 8:15 it dropped to $2.60, then closed that minute at $3.24.

By 8:16 a.m., more shares had traded than exist in the whole float (1.35 million). Then in the 8:17 minute it reached $3.92, the high so far, on 679,366 shares. That was 68% above the $2.33 close, and it came before the bell.

The walls above and below

Soon after the high, the book filled up on both sides. From 8:19:18 a.m. someone offered stock at exactly $4.17, above the high. It grew to 26,843 shares at 8:20:11, about 2% of the float. A bid wall at $2.58, well below the price, appeared at 8:20:16 and peaked at 26,276 shares at 8:20:27.

The price still moved in big steps. At 8:19:07 one buy order for 22,553 shares went through four price levels, $3.49 to $3.52. At 8:20:44 another for 26,563 shares went through 12 levels, $3.22 to $3.33. Then the 8:20 minute closed at $3.14. It chopped from there and climbed again from 8:25.

The 8:27 minute reached $3.84. At 8:27:49 the $4.17 wall was pulled. Then at 8:28 the stock pushed to $3.88, a lower high under the $3.92 top, and that was as high as the rally got.

A second ask wall showed up at $4.45 at 8:29:26. It reached 50,750 shares at 9:12:37, about 3.8% of the float, while the stock traded near $2.80.

The slide was fast. By 8:31 it had touched $3.03. At 8:32:46 the $2.58 bid wall was pulled. A new $2.51 bid wall appeared at that same second. It peaked at 25,661 shares at 8:37:47 and was pulled at 8:38:28. In that same second a sell order for 18,828 shares ran from $3.05 down to $2.96. At 8:42:32 a sell of 20,133 shares went through 14 levels, $2.80 to $2.67.

The pre-market volume was 8.84 million shares.

The open

It opened at $2.74, 18% above the previous close. The 9:30 minute reached $2.90, and at 9:32 it dropped to $2.54 on 85,625 shares.

At 9:44 it jumped from $2.68 to $3.07 on 209,020 shares. It reached $3.18 at 9:50. A 20,775-share buy at 9:46:01 and a 21,063-share buy at 9:50:03 were part of that push.

Then it gave it back. At 9:55:04 a sell order for 46,529 shares went through eight levels, $2.75 to $2.68. The low that minute was $2.51. At 10:00 it hit $2.36, and by 10:12 it was at $2.26.

A quiet midday and afternoon

From 10:12 on it traded mostly between $2.20 and $2.45 on thin volume. At 10:40:17 an ask wall appeared at $3.00, far above the price. It peaked at 36,947 shares at 12:39:32, about 2.7% of the float. At 11:33 it dipped just under $2.20, its low since the open.

At 3:31:38 the $2.28 wall was pulled. Only 100 shares traded at exactly $2.28, at 3:31:37, before it was pulled. Two seconds later, at 3:31:40, a buy order for 27,900 shares ran from $2.29 to $2.34 across six levels. In the same second there were two big prints at $2.33: 17,056 shares at the bid and 10,450 shares at the ask. The 3:31 minute traded 52,024 shares and high was $2.34. By the 3:59 p.m. minute it was $2.25 again.

After hours

After hours it traded 252,356 shares. It was near $2.31 around 4:35 p.m., then slid to $2.02 at 5:55 p.m., the low of the day.

In the regular session, 3.78 million shares traded. For the whole day 12.87 million did, nearly 10 times the float and about 9 times the normal volume. Most of that, 8.84 million, came before the bell.

What to take from it

• After the top, the next push stopped lower. $3.92 at 8:17 a.m., then $3.88 at 8:28 a.m., right after the $4.17 wall was pulled.
• Walls can disappear without trading. The $4.17 ask wall, the $2.58 bid wall and the $2.28 bid wall were all pulled, not eaten.
• The float traded over before the open. By 8:16 a.m. more shares had traded than the float holds, and the stock opened at $2.74, far below the $3.92 high.

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