Hindsight Markets Small-cap stocks on August 6, 2026
PN on August 6, 2026: why it ran
On August 6, 2026, PN opened up 6.0% from the previous close of 6.89 and reached 15.40 at 12:30 p.m. ET. The exchange halted it 2 times.
- Previous close
- 6.89
- Open, 9:30 a.m.
- 7.30
- Gap at the open
- up 6.0%
- Pre-market high
- 8.20 at 9:12 a.m.
- High, 4 a.m. to 4 p.m.
- 15.40 at 12:30 p.m.
- Low, 4 a.m. to 4 p.m.
- 6.65
- After-hours high, 4 p.m. to 8 p.m.
- 8.30 at 4:06 p.m.
- Last trade before 4:00 p.m.
- 8.22
- Volume
- 6.22 million
- Relative volume
- 8.6x
- Float
- 4.67 million shares, from filings as of August 6, 2026
- Shares outstanding
- 4.67 million
Replay PN's day
It starts at 11:30 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 11:33 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: midday
- Catalyst: news (9:00 headline)
- Halted twice
- Ask walls at $12 and $15
- Float traded 1.3x
- Faded from the high
The day before and pre-market
On August 5, PN traded between $6.00 and $7.57 and closed at $6.89. The float is small, 4.67 million shares.
The first trade on the 6th was at 4:00 a.m., $6.87, a few cents under that close. It stayed quiet for hours. Most minutes had no trades at all, and the price sat between about $6.65 and $7.00.
At 7:36 a.m. it started to move. From $6.85 it ran to $8.16 at 7:51 a.m., then drifted back to $7.28 by 8:44.
At 9:00 a.m. Accesswire ran this headline: “PN Smart Energy Advances U.S. Localization Strategy With New Subsidiaries and New York Investor Relations Office”. By 9:06 it traded at $7.90. The pre-market high was $8.20 at 9:12 a.m. Only 33,833 shares traded before the bell, under 1% of the float.
The open: down, then 50 quiet minutes
It opened at $7.30, up 6% from the $6.89 close. It touched $7.73 in the first minute, then sold off. By 9:34 it was at $6.78, under the previous close.
For the next 50 minutes it stayed between $6.74 and $7.20, mostly on thin volume. Then at 10:26 the volume picked up. By 10:28 it was at $7.48, and at 10:32 it cleared the pre-market high of $8.20.
At 10:33 it was halted (a volatility pause) with the last trade at $8.42. In the 10:33 minute, 13,597 shares traded. The stock had gone from $6.80 at 10:23 to $8.42.
Stop It's 10:38. PN has been halted since 10:33 after a last trade at $8.42, up from $6.80 at 10:23. It is about to reopen, and the pre-market high of $8.20 is now behind it. Would you buy the reopen?
Press play: the real Level 2, time and sales and chart stop at 10:38 a.m. ET for your call, then show what happened. The clip starts at 10:35 a.m. ET.
It reopened at 10:38 at $8.42. Within three minutes it ran to $10.01 at 10:41, up 47% from $6.80. By the next minute it was down to $8.33.
Waves, and the wall at $12.00
The rest of the morning came in waves. It ran to $11.08 at 10:54, then fell to $8.69 at 11:00, down 22%. From $8.93 at 11:01 it ran to $11.42 at 11:13, up 28%. Then it fell to $8.90 at 11:31, down 22% from $11.42.
The order book showed something the chart doesn't. At 11:34 someone began offering stock at exactly $12.00. The wall peaked at 26,033 shares at 11:40, which is 0.6% of the float.
Stop It's 11:44. PN is at $11.35. Just above, an ask wall at $12.00 has been on the book since 11:34 and peaked at 26,033 shares at 11:40. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 11:44 a.m. ET for your call, then show what happened. The clip starts at 11:41 a.m. ET.
At 11:45:10 a buy order of 27,191 shares went through 14 price levels, from $11.97 to $12.23, in 50 milliseconds. 23,540 shares traded at exactly $12.00 and the wall was gone at 11:45:11. It wasn't pulled. Buyers ate it.
From $9.02 at 11:34 it ran to $13.23 at 11:48, up 47%. Another large buy order, 20,650 shares across 35 price levels, went through at 11:48:14. Then it pulled back to $11.10 by 11:51.
The wall at $15.00
The pushes kept coming. From $10.65 at 11:54 it ran to $13.45 at 12:02, up 26%. It then ran to $14.74 at 12:07 and fell to $11.73 at 12:17, down 20%.
From 12:01 on, someone was offering a lot of stock at exactly $15.00. That wall peaked at 31,606 shares at 12:26. From $11.73 at 12:17 the stock worked up toward it, reaching $14.90 at 12:26.
Stop It's 12:30. PN is at $14.26, up from $11.73 at 12:17. Just above, an ask wall at $15.00 has been on the book since 12:01 and peaked at 31,606 shares at 12:26. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 12:30 p.m. ET for your call, then show what happened. The clip starts at 12:27 p.m. ET.
At 12:30:45 a buy order of 36,705 shares went through 27 price levels, from $14.95 to $15.35. In under a second, 29,356 shares traded at exactly $15.00 and the wall was gone. It wasn't pulled. Buyers ate it.
The high of the day was $15.40, in the 12:30 minute. In the next minute it traded as low as $12.96. It kept falling to $11.76 at 12:41, down 24% from $15.40.
A lower high, a second halt, and the fade
It came back once more. At 12:49 it pushed to $14.98, a lower high under the $15.40 top.
At 1:00 p.m. it was halted again (a volatility pause) with the last trade at $11.29. It reopened at 1:05 p.m. at $11.30. A single 10,221-share trade printed at $11.30 at 1:05:18.
By 1:13 p.m., more shares had traded than exist in the whole float (4.67 million). It pushed back to $13.65 at 1:24, then kept sliding: $8.74 at 1:43 and $6.65 at 2:03 p.m., the low after the open.
A bounce to $8.91 at 2:29 p.m. faded too. In the last hour it ranged from $7.37 to $8.31 and closed at $8.22, 47% below the high. After hours, 76,297 more shares traded.
For the regular session, 6.11 million shares traded: the float changed hands about 1.3 times. Relative volume for the day was 8.6.
What to take from it
- An ask wall at a round number can vanish in about a second. Here, the $12.00 and $15.00 walls were eaten in about a second each.
- The screen price at a halt reopen or a wall break is not the price you pay. On 5,000 shares, the gap was $4,816 at the first reopen, $938 at the $12.00 break and $2,490 at the second reopen.
- After the top, the next push stopped lower. $15.40 at 12:30, then $14.98 at 12:49, and the stock closed at $8.22.
Why it ran
News and SEC filings for PN published between the previous session's close and the first minute PN traded 20% above it, at 10:33 a.m. ET, newest first, from the same feeds the replay shows.
-
PN Smart Energy Advances U.S. Localization Strategy With New Subsidiaries and New York Investor Relations Office
News via Stock News API
How it traded
Intraday run. It opened up 6.0% at 7.30, then ran from the open to the high of 15.40 in 180 minutes through a halt.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 9:00 a.m. | News (Accesswire): PN Smart Energy Advances U.S. Localization Strategy With New Subsidiaries and New York Investor Relations Office | |
| 9:12 a.m. | Pre-market high, 8.20 | |
| 9:30 a.m. | The open: 7.30, up 6.0% from the previous close | |
| 10:33 a.m. | First trade 20% above the previous close of 6.89 | |
| 10:33 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 10:38 a.m. | |
| 12:30 p.m. | High of the day to the close, 15.40 | |
| 1:00 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 1:05 p.m. | |
| 1:11 p.m. | Volume since 4:00 a.m. passes the whole float, 4.67 million shares | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 8.22, 46.6% 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
- From news to the move: the first trade 20% above the previous close came 1 hour 33 minutes after the latest news item before it (Accesswire, 9:00 a.m.).
- Volume, from the one-minute bars: 33,833 shares before the 9:30 a.m. open (1%), 21,341 in the first 30 minutes (0%), and 6.17 million in the rest of the day to 8 p.m. (99%).
- Float rotation, the volume since 4 a.m. against the float of 4.67 million shares: past it once at 1:11 p.m.
- The halt at 10:33 a.m.: up 12.6% in the 5 minutes into it, reopened at 8.42, unchanged from the last trade before it, then up 2.7% over the next 5 minutes.
- The halt at 1:00 p.m.: down 9.7% in the 5 minutes into it, reopened at 11.30, up 0.1% from the last trade before it, then up 3.0% over the next 5 minutes.
- In our recaps, this is the only day PN met the small-cap rule.
Halts
| Halted | Resumed | Length | Reason in the feed |
|---|---|---|---|
| 10:33 a.m. | 10:38 a.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 1:00 p.m. | 1:05 p.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 PN 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.