Hindsight Markets Small-cap stocks on August 10, 2026
PCLA on August 10, 2026: why it ran
On August 10, 2026, PCLA opened up 9.7% from the previous close of 8.11 and reached 19.54 at 11:02 a.m. ET. The exchange halted it 4 times.
- Previous close
- 8.11
- Open, 9:30 a.m.
- 8.90
- Gap at the open
- up 9.7%
- Pre-market high
- 8.89 at 4:00 a.m.
- High, 4 a.m. to 4 p.m.
- 19.54 at 11:02 a.m.
- Low, 4 a.m. to 4 p.m.
- 7.57
- After-hours high, 4 p.m. to 8 p.m.
- 9.60 at 4:17 p.m.
- Last trade before 4:00 p.m.
- 9.18
- Volume
- 2.20 million
- Relative volume
- 15.5x
- Float
- 1.05 million shares, from filings as of August 10, 2026
- Shares outstanding
- 4.15 million
Replay PCLA's day
It starts at 10:36 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 10:39 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
- Intraday run
- Halt run
- Halted four times
- Lower high after the top
- Float traded 2x
Before the bell: a quiet pre-market
On August 7, PCLA traded between $6.95 and $9.00 on 156,420 shares. The official close was $8.11. The float is small, 1.05 million shares.
The first trades on the 10th were at $8.82, already above that close. The pre-market high was $8.89 at 4:00 a.m., in the very first minute. From there it drifted down to $8.13 at 5:34 a.m. 39,229 shares traded before the bell.
The open and the first run
It opened at $8.90, up 10% from the previous close. It did not hold. The 9:30 minute dipped to $8.40, and for the next 25 minutes it sat between about $8.35 and $8.60.
It woke up at 9:56. From $8.75 at 9:55 it ran to $10.53 at 9:59, with 20,873 shares in that one minute. The next peak was $11.20 at 10:04, up 33% from $8.45 at 9:46.
Then it pulled back to $9.69 at 10:08. It climbed again to $11.99 at 10:16. After that it spent about 25 minutes mostly between $11 and $12.
A tight range, then 10:41
Stop It's 10:41. PCLA is at $11.92. It has spent about 25 minutes mostly between $11 and $12, with a high of $11.99 at 10:16. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 10:41 a.m. ET for your call, then show what happened. The clip starts at 10:38 a.m. ET.
The 10:41 minute went to $13.14 on 43,832 shares. The next minute reached $14.09. At 10:43 it closed at $14.09, and at 10:43:34 it was halted (a volatility pause).
It reopened at 10:48:34 at $13.51, below where it stopped. A single trade of 13,843 shares printed at that price. It ran to $14.86, and at 10:48:54, twenty seconds after the reopen, it was halted again.
The second halt ended at 10:53:54. It reopened at $15.31, higher than where it stopped, with a single print of 11,470 shares.
After the second reopen
The 10:54 minute traded 116,259 shares and reached $17.65. It ran to $18.04 at 10:58, up 18% from the reopen. At 10:58:07 one buy order of 10,146 shares went through 76 price levels, from $16.76 to $18.04, in 50 milliseconds.
It then pulled back to $16.57 at 10:59.
Stop It's 11:01. PCLA is at $17.29. It hit $18.04 at 10:58, then pulled back to $16.57. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 11:01 a.m. ET for your call, then show what happened. The clip starts at 10:58 a.m. ET.
The 11:01 minute pushed to $19.00 on 92,100 shares. In the 11:02 minute it hit $19.54, the high of the day. Within a minute it was back at $17.71.
By 11:05, more shares had traded than exist in the whole float (1.05 million).
The fall, two more halts, and the close
From the top it slid. By 11:09 it was at $15.25, and the next print came at 11:10 at $15.18 on 710 shares. At 11:10:03 it was halted for the third time.
It reopened at 11:20:03 at $13.68, lower than where it stopped. A single trade of 14,371 shares printed there. The low that minute was $12.48.
It fell to $12.07 at 11:21, down 38% from $19.54. It bounced to $13.59 at 11:23, well under the $19.54 top.
It faded again: $11.77 at 11:24. At 11:32:23 it was halted a fourth time. It reopened at 11:37 at $10.71 and kept sliding to $10.28 at 11:39, then to $9.28 at 11:49.
The low of the day was $7.57 at 12:38 p.m., below the $8.11 previous close. After that it bounced. From 1 p.m. to the close it held between $8.53 and $9.74, and it closed at $9.18, 13% above the previous close.
By the close, 2.12 million shares had traded: the float changed hands about 2 times, at about 15.5 times its normal volume. After hours added 33,219 shares, in a range of $8.50 to $9.60.
What to take from it
- After the top, the bounces stopped lower. $19.54 at 11:02, then $14.50 at 11:20 and $13.59 at 11:23.
- A halt reopen can print lower than it stopped, and still cost more than the screen says. The 11:10 halt stopped at $15.18 and reopened at $13.68. A 5,000-share buy one second later averaged $14.46 against $13.64 on screen.
- Most of the move was gone by the close. It closed at $9.18, 53% below the $19.54 high.
Why it ran
News and SEC filings for PCLA published between the previous session's close and the first minute PCLA traded 20% above it, at 9:57 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 9.7% at 8.90, then ran from the open to the high of 19.54 in 92 minutes through two halts.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:00 a.m. | Pre-market high, 8.89 | |
| 9:30 a.m. | The open: 8.90, up 9.7% from the previous close | |
| 9:57 a.m. | First trade 20% above the previous close of 8.11 | |
| 10:43 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 10:48 a.m. | |
| 10:48 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 10:53 a.m. | |
| 11:02 a.m. | High of the day to the close, 19.54 | |
| 11:04 a.m. | Volume since 4:00 a.m. passes the whole float, 1.05 million shares | |
| 11:10 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 11:20 a.m. | |
| 11:32 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 11:37 a.m. | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 9.18, 53.0% 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: 39,229 shares before the 9:30 a.m. open (2%), 45,319 in the first 30 minutes (2%), and 2.11 million in the rest of the day to 8 p.m. (96%).
- Float rotation, the volume since 4 a.m. against the float of 1.05 million shares: past it once at 11:04 a.m., twice at 2:20 p.m.
- The halt at 10:43 a.m.: up 26.9% in the 5 minutes into it, reopened at 13.51, down 4.1% from the last trade before it.
- The halt at 10:48 a.m.: up 5.5% in the 5 minutes into it, reopened at 15.31, up 3.0% from the last trade before it, then up 11.3% over the next 5 minutes.
- The halt at 11:10 a.m.: down 13.7% in the 5 minutes into it, reopened at 13.68, down 9.9% from the last trade before it, then down 11.2% over the next 5 minutes.
- The halt at 11:32 a.m.: down 16.5% in the 5 minutes into it, reopened at 10.71, down 3.1% from the last trade before it, then up 4.9% over the next 5 minutes.
- Other days PCLA met the small-cap rule in our recaps: 3, the latest on September 11, 2026.
Halts
| Halted | Resumed | Length | Reason in the feed |
|---|---|---|---|
| 10:43 a.m. | 10:48 a.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 10:48 a.m. | 10:53 a.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 11:10 a.m. | 11:20 a.m. | 10 min 0 s | LULD pause (limit up-limit down) |
| 11:32 a.m. | 11:37 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 PCLA on August 10, 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.