Hindsight Markets Small-cap stocks on August 6, 2026
PAVS on August 6, 2026: why it ran
On August 6, 2026, PAVS opened up 89.4% from the previous close of 4.91 and reached 12.11 at 6:57 a.m. ET. The exchange halted it once.
- Previous close
- 4.91
- Open, 9:30 a.m.
- 9.30
- Gap at the open
- up 89.4%
- Pre-market high
- 12.11 at 6:57 a.m.
- High, 4 a.m. to 4 p.m.
- 12.11 at 6:57 a.m.
- Low, 4 a.m. to 4 p.m.
- 6.02
- After-hours high, 4 p.m. to 8 p.m.
- 7.78 at 6:03 p.m.
- Last trade before 4:00 p.m.
- 7.00
- Volume
- 18.65 million
- Relative volume
- 29.8x
- Float
- 509,231 shares, from filings as of August 6, 2026
- Shares outstanding
- 515,351
Replay PAVS's day
It starts at 11:17 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 11:20 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: pre-market
- Round-number break
- Halted once
- Gap and fade
- Float traded 37x
The day before
On August 5, PAVS ran from $5.00 to $7.56. It closed at $4.91, the official close. The last after-hours bar was $6.57.
Pre-market: the float traded by 4:15 a.m.
The first trades on the 6th were at $7.38, already above the $4.91 close. The first minute went as high as $7.98 and as low as $6.63. By 4:02 a.m. it was down to $6.16.
By 4:15 a.m., more shares had traded than exist in the whole float (509,231). The 4:15 minute alone traded 120,668 shares, and the price ran to $7.97 by 4:16 a.m.
Then it went quiet. From about 4:19 a.m. to 5:05 a.m. it mostly held between $6.50 and $7.00, on thin volume. It woke up at 5:06 a.m. and hit $8.30 at 5:12 a.m. It slipped back to $6.96 by 5:17 a.m. Another climb took it to $8.77 at 5:39 a.m.
At 6:03 a.m. a buyer swept 21,882 shares through 23 price levels, from $8.57 to $8.80. By 6:08 a.m., ten times the float had traded. At 6:18 a.m. another buyer took 18,008 shares from $8.90 to $9.05. Through the 6:20s it kept stepping up and reached $10.27 at 6:29 a.m.
The wall at $11.00
From 6:37 a.m. on, there were shares offered at exactly $11.00. The wall was still there going into 6:50 a.m., and was still on the book when the 6:50 minute opened.
Stop It's 6:50. PAVS is at $10.28 and has just jumped from $9.66 a minute ago. A large block of shares has been offered at $11.00, just above, since 6:37. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 6:50 a.m. ET for your call, then show what happened. The clip starts at 6:47 a.m. ET.
At 6:50:56 the wall was hit. In under a second, 32,408 shares traded at exactly $11.00 and the wall was gone. It wasn't pulled. Buyers ate it. One buy order swept 26,171 shares from $10.99 to $11.11 across 10 levels.
6:56 a.m.: the jump toward $12
From 6:51 to 6:55 a.m. it traded between $10.37 and $11.12, mostly closing in the $10.60s to $10.80s. At 6:56 a.m. it jumped from $10.74 to $11.96 in one minute, on 284,673 shares.
Stop It's 6:57. PAVS is at $11.84, up from $10.74 a minute ago. Would you chase it here?
Press play: the real Level 2, time and sales and chart stop at 6:57 a.m. ET for your call, then show what happened. The clip starts at 6:54 a.m. ET.
It hit $12.11, the high so far, at 6:57 a.m., before the bell. Within three minutes it was back at $10.57. 14.63 million shares traded before the open.
The fall kept going. It reached $8.80 at 7:16 a.m., down 27% from the high. At 7:24 a.m. it pushed to $10.06, a lower high under $12.11.
The open and the halt
It opened at $9.30, up 89% from the previous close. In the 9:30 minute it dipped to $8.80 and came back to $9.48.
At 9:31:42 it was halted (a volatility pause). It reopened at 9:36:42.
Stop It's 9:36. PAVS was halted at 9:31 with the last trade at $8.23. It is about to reopen. Would you buy the reopen?
Press play: the real Level 2, time and sales and chart stop at 9:36 a.m. ET for your call, then show what happened. The clip starts at 9:33 a.m. ET.
A single 21,895-share trade at $8.21 printed at the 9:36:42 reopen. A minute later the stock ran to $9.70, then dropped to $8.15 by 9:39.
The slide to the close
After 9:49 a.m. the stock never came close to the morning highs. A sell order took 16,828 shares from $8.34 to $8.18 at 9:49. By 10:44 it was under $7. It made its low of $6.02 at 11:08 a.m. The afternoon stayed in a narrow range, mostly $6.20 to $7.20, on thin volume.
It closed at $7.00, 42% under the $12.11 high. That high came before the bell, 30% above the open. Regular-session volume was 3.74 million shares.
For the whole day, 18.65 million shares traded: the float changed hands about 37 times, at about 30 times its normal volume. Most of that, 14.63 million shares, traded before the open.
What to take from it
- A big ask wall at a round number is a level, not a ceiling. The $11.00 wall was eaten in under a second, and the price above it was thin.
- Chasing right after a wall breaks or a halt reopens costs more than the screen says. At the 9:36 reopen, a 5,000-share buy averaged $1,941 over the screen.
- The biggest move came before the open. The high was $12.11 at 6:57 a.m., and the stock closed at $7.00, below the $9.30 open.
Why it ran
News and SEC filings for PAVS published between the previous session's close and the first minute PAVS traded 20% above it, at 4:00 a.m. ET, newest first, from the same feeds the replay shows.
No news found before the move.
How it traded
Gap and fade. It gapped up 89.4% to 9.30 at the open and traded below the open by 4:00 p.m., at 7.00.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:00 a.m. | First trade 20% above the previous close of 4.91 | |
| 4:15 a.m. | Volume since 4:00 a.m. passes the whole float, 509,231 shares | |
| 6:57 a.m. | Pre-market high, 12.11 | |
| 6:57 a.m. | High of the day to the close, 12.11 | |
| 9:30 a.m. | The open: 9.30, up 89.4% from the previous close | |
| 9:31 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 9:36 a.m. | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 7.00, 42.2% 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: 14.63 million shares before the 9:30 a.m. open (78%), 1.26 million in the first 30 minutes (7%), and 2.76 million in the rest of the day to 8 p.m. (15%).
- Float rotation, the volume since 4 a.m. against the float of 509,231 shares: past it once at 4:15 a.m., twice at 4:30 a.m., three times at 5:07 a.m.
- The halt at 9:31 a.m.: down 13.5% in the 5 minutes into it, reopened at 8.21, down 0.2% from the last trade before it, then up 5.7% over the next 5 minutes.
- Other days PAVS met the small-cap rule in our recaps: 1, the latest on August 5, 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) |
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 PAVS on August 6, 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.