Hindsight Markets Small-cap stocks on August 3, 2026
FUSE on August 3, 2026: why it ran
On August 3, 2026, FUSE opened up 8.4% from the previous close of 0.7840 and reached 1.84 at 10:48 a.m. ET. The exchange halted it once.
- Previous close
- 0.7840
- Open, 9:30 a.m.
- 0.8500
- Gap at the open
- up 8.4%
- Pre-market high
- 0.8499 at 7:34 a.m.
- High, 4 a.m. to 4 p.m.
- 1.84 at 10:48 a.m.
- Low, 4 a.m. to 4 p.m.
- 0.8490
- After-hours high, 4 p.m. to 8 p.m.
- 1.40 at 5:17 p.m.
- Last trade before 4:00 p.m.
- 1.31
- Volume
- 20.51 million
- Relative volume
- 898.9x
- Float
- 10.47 million shares, from filings as of August 3, 2026
- Shares outstanding
- 28.94 million
Replay FUSE's day
It starts at 10:26 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 10:29 a.m. and asks what you would do. Or press Play on any moment in How it traded.
The day, step by step
- Small cap
- Momentum
- Main move: late morning
- Low-float run
- Halt run
- Round-number wall
- Halted once, faded
Pre-market and a quiet open
On July 31, FUSE closed at $0.784. No news came out on the 3rd.
Pre-market was almost empty. One share traded, at $0.85 at 7:34 a.m. That was already above the $0.784 close.
The open was $0.85. For the next hour the stock barely moved. Many minutes had no trades at all. At 9:50 it touched $0.95 for a moment. It was near $0.94 at 10:06.
10:19 to 10:31: the stock wakes up
From 10:19 it climbed in small steps: $0.95, then $0.97, then $1.00 at 10:23. Those minutes traded a few thousand shares each.
At 10:30 volume jumped to 13,163 shares. Then the 10:31 minute traded 163,721 shares and ran from $1.02 to $1.29. That is more than the whole session had traded up to then.
The halt and the top
At 10:32 it hit $1.30 and was halted at 10:32:20 (a volatility pause). It reopened at 10:37:20. Right at the reopen, a single trade of 79,575 shares printed at $1.29.
The reopen minute opened at $1.29, ranged from $1.11 to $1.38, and closed at $1.19. It chopped between $1.11 and $1.38 until 10:43.
Then it took off. At 10:44 it went from $1.29 to $1.50. At 10:46 it jumped from $1.47 to $1.74. At 10:48 it hit $1.84, the high so far. That was 135% over the $0.784 close.
The top didn't hold. Within two minutes it traded at $1.56, and the 10:50 minute closed at $1.61.
A lower high and a fast fade
It tried once more. At 10:52 it pushed to $1.75, a lower high under the $1.84 top. Then it slid. The 10:57 minute traded 707,642 shares and fell from $1.50 to $1.35.
In that stretch the data shows several large single orders. At 10:50:40 a buy of 32,833 shares went through $1.60 to $1.62. At 10:53:47 a sell of 33,276 shares went through $1.56 to $1.53. At 10:57:03 a sell of 32,758 shares went through $1.46 to $1.43.
By 11:15, more shares had traded than exist in the whole float (10.47 million). From 11:15 to 11:35 it chopped between $1.16 and $1.48.
The wall at $1.40
This is the part a chart doesn't show you.
At 11:29 an ask wall appeared at exactly $1.40. It peaked at 62,950 shares at 11:31, across all exchanges. That's 0.6% of the float. The stock traded between $1.20 and $1.35 under it.
Stop It's 11:36. FUSE is at $1.33. About 62,950 shares were offered at $1.40 at the wall's peak, and it is still sitting just above. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 11:36 a.m. ET for your call, then show what happened. The clip starts at 11:33 a.m. ET.
Trading at $1.40 began at 11:36:41. In 3.6 seconds, 51,939 shares traded at exactly $1.40 and the wall was eaten. The 11:36 minute reached $1.43 and traded 197,657 shares.
The push stalled at $1.43 and the stock was back to $1.36 by 11:38.
The rest of the day
The afternoon was lower and quieter. It was $1.19 at 12:22, $1.03 at 12:28, and it bounced to $1.55 at 2:46 p.m. It never got back near $1.84.
It closed at $1.31, 29% under the high of the day. After hours it traded between $1.20 and $1.40.
By the close, 19.91 million shares had traded: the float changed hands about twice, at about 899 times its normal volume. Normal volume works out to roughly 22,000 to 23,000 shares a day.
What to take from it
- A quiet stock can turn in one minute. Very little traded before 10:19. Then the 10:31 minute traded 163,721 shares and the run began.
- The next push after the top stopped lower. $1.84 at 10:48, then $1.75 at 10:52, and the stock gave back much of the run within the hour.
- A wall can be eaten and the price can still stall. The $1.40 wall was gone in 3.6 seconds, but the stock topped at $1.43 that minute.
Why it ran
News and SEC filings for FUSE published between the previous session's close and the first minute FUSE traded 20% above it, at 9:50 a.m. ET, newest first, from the same feeds the replay shows.
No news found before the move.
How it traded
Intraday run. It opened up 8.4% at 0.8500, then ran from the open to the high of 1.84 in 78 minutes through a halt.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 7:34 a.m. | Pre-market high, 0.8499 | |
| 9:30 a.m. | The open: 0.8500, up 8.4% from the previous close | |
| 9:50 a.m. | First trade 20% above the previous close of 0.7840 | |
| 10:32 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 10:37 a.m. | |
| 10:48 a.m. | High of the day to the close, 1.84 | |
| 11:15 a.m. | Volume since 4:00 a.m. passes the whole float, 10.47 million shares | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 1.31, 28.8% 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: 1 shares before the 9:30 a.m. open (0%), 1,062 in the first 30 minutes (0%), and 20.51 million in the rest of the day to 8 p.m. (100%).
- Float rotation, the volume since 4 a.m. against the float of 10.47 million shares: past it once at 11:15 a.m.
- The halt at 10:32 a.m.: up 28.7% in the 5 minutes into it, reopened at 1.29, down 0.8% from the last trade before it, then down 4.7% over the next 5 minutes.
- Other days FUSE met the small-cap rule in our recaps: 1, the latest on August 4, 2026.
Halts
| Halted | Resumed | Length | Reason in the feed |
|---|---|---|---|
| 10:32 a.m. | 10:37 a.m. | 5 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 FUSE 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.