Hindsight Markets Small-cap stocks on August 11, 2026
WXM on August 11, 2026: why it ran
On August 11, 2026, WXM opened up 169.0% from the previous close of 4.00 and reached 13.96 at 9:00 a.m. ET. The exchange halted it 4 times.
- Previous close
- 4.00
- Open, 9:30 a.m.
- 10.76
- Gap at the open
- up 169.0%
- Pre-market high
- 13.96 at 9:00 a.m.
- High, 4 a.m. to 4 p.m.
- 13.96 at 9:00 a.m.
- Low, 4 a.m. to 4 p.m.
- 3.90
- After-hours high, 4 p.m. to 8 p.m.
- 8.14 at 4:00 p.m.
- Last trade before 4:00 p.m.
- 7.92
- Volume
- 25.12 million
- Relative volume
- 1100.3x
- Float
- 576,874 shares, from filings as of August 11, 2026
- Shares outstanding
- 1.13 million
Replay WXM's day
It starts at 8:41 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 8:44 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
- Tiny float
- Gap, run and fade
- Halted four times
- Float traded 43x
The day before
On August 10, WXM traded between $3.59 and $4.50 on 21,485 shares. The official close was $4.00. The float is 576,874 shares, so that day barely touched it.
Pre-market: the float traded by 4:36 a.m.
The first trade of the day was $3.90 at 4:03 a.m. Nothing much happened until 4:29 a.m., when it traded through $5.00. In that minute it went from $4.43 to $7.00. At 4:30 a.m. it hit $9.85, up 122% from $4.43.
Then it fell just as fast, to $4.69 at 4:34 a.m., down 52% from the high. By 4:36 a.m., more shares had traded than exist in the whole float (576,874).
It kept swinging. It ran to $7.72 at 4:41, then fell to $6.14 at 4:44 (down 20%). It ran to $8.29 at 4:51, then fell to $6.28 at 5:04 (down 24%). From $6.57 at 5:06 it ran to $9.89 at 5:20 a.m., up 51%. By 5:51 a.m. the float had traded ten times.
It dipped to $8.02 at 5:28, ran to $10.69 at 5:42, then pulled back to $8.26 at 6:29 a.m. From there it climbed to $11.72 at 6:50 a.m. (up 42%) and then slid to $8.56 at 7:13 a.m. (down 27%). After that it spent most of the next two hours between about $9 and $10, with a spike to $11.55 at 7:30.
At 8:51 a.m. it opened at $9.42. Then it turned up: the 8:53 minute closed at $10.33 and the 8:59 minute closed at $11.71.
Stop It's 9:00. WXM is at $11.70, up from $9.43 ten minutes ago and well above the $4.00 previous close. The float is 576,874 shares. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 9:00 a.m. ET for your call, then show what happened. The clip starts at 8:57 a.m. ET.
In that minute it hit $13.96, the high so far, at 9:00 a.m. The 9:00 candle alone traded 552,665 shares. Two minutes later it was down to $9.80. 16.77 million shares traded before the bell.
The open and four halts
It opened at $10.76, up 169% from the previous close. It was halted at 9:30:34, 34 seconds into the session (a volatility pause), and reopened at 9:35:34. At the 9:35:34 reopen a 35,167-share print went off at $11.83.
It pushed to $12.70 in the 9:36 minute and $12.79 at 9:37. That is a lower high under the $13.96 top. By 9:40 it was back at $10.74.
Second halt: 9:41:10 to 9:46:10. It reopened at $10.74 with a 30,410-share print, ran to $11.77 in the first minute, and was at $10.17 by 9:48.
Third halt: 9:49:02 to 9:54:02. It reopened at $10.17 with a 33,295-share print. The 9:54 candle fell to $9.16 and closed at $9.20.
Right after that reopen a bid wall appeared at $8.11, first seen at 9:55:09. It peaked at 26,093 shares at 9:55:30, about 4.5% of the float. It sat there for half an hour.
At 10:26:44 that wall was pulled. The 10:26 candle dropped from $10.14 to $9.28, and at 10:27 it fell to $8.87.
Fourth halt: 10:27:34 to 10:32:34. It reopened at $9.00 with a 25,275-share print. Four seconds later a 26,180-share sell order went through the book from $8.92 down to $8.50.
A new bid wall showed up at $7.00 at 10:33:30. It peaked at 37,368 shares at 10:36:35 (6.5% of the float) and was pulled at 10:53:09. By then it was trading around $8, and it never got down to the $7.00 wall.
The wall at $8.99
The stock settled into a quiet range. In the early afternoon it hit its lowest price of the regular session, $7.27 at 1:01 p.m.
Offers began to stack above it. An ask wall at $8.94 first showed at 12:22:53, grew to 25,985 shares by 12:57, and was pulled at 1:24:50. A minute later a new ask wall appeared at exactly $8.99. It peaked at 28,313 shares at 1:42 p.m., about 5% of the float.
Stop It's 1:58. WXM is at $7.77. Since 1:25 p.m. a large ask wall has sat at $8.99, peaking at 28,313 shares. The stock hasn't been near $9 since the morning. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 1:58 p.m. ET for your call, then show what happened. The clip starts at 1:55 p.m. ET.
At 1:59:23 the wall was pulled. The 1:59 candle ran from $7.98 to $8.50, and 2:00 hit $8.71. It never reached $8.99. By 2:02 it was back at $8.02.
The rest of the day
The afternoon was a slow grind between about $7.60 and $8.90. It was $8.94 at 3:10 p.m. and it closed at $7.92, 43% under the $13.96 high of the day. That high came before the bell, 30% above where it opened.
Before the close (pre-market plus regular session), 24.72 million shares had traded: the float changed hands about 43 times, at over 1,000 times its normal volume. Normal volume is tiny, about 23,000 shares a day. It was halted 4 times.
After hours
After hours it kept falling. It traded up to $8.14 in the 4:00 p.m. minute, and hit a low of $5.67 at 4:49 p.m., down 28% from the $7.92 close. 402,021 shares traded after the close.
What to take from it
- A big wall can vanish without a single trade. The $8.99 ask wall was pulled at 1:59 p.m. and the stock never reached it. A bid wall that size sat at $8.11 for half an hour, then left at 10:26 before the drop.
- Halt reopens are the thinnest moments. At the 10:32 reopen only 60 shares were offered at the screen price, and a 5,000-share buy would have averaged $1,246 above it.
- After the top, the next push stopped lower. $13.96 at 9:00 a.m., then $12.79 at 9:37 a.m. The stock closed at $7.92, 43% below the high.
Why it ran
News and SEC filings for WXM published between the previous session's close and the first minute WXM traded 20% above it, at 4:27 a.m. ET, newest first, from the same feeds the replay shows.
No news found before the move.
How it traded
Gap, run and fade. It gapped up 169.0% to 10.76 at the open, ran from the open to the high of 12.79 in 7 minutes through a halt, then gave back 240% of that move by 4:00 p.m., trading at 7.92.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:27 a.m. | First trade 20% above the previous close of 4.00 | |
| 4:36 a.m. | Volume since 4:00 a.m. passes the whole float, 576,874 shares | |
| 9:00 a.m. | Pre-market high, 13.96 | |
| 9:00 a.m. | High of the day to the close, 13.96 | |
| 9:30 a.m. | The open: 10.76, up 169.0% from the previous close | |
| 9:30 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 9:35 a.m. | |
| 9:41 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 9:46 a.m. | |
| 9:49 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 9:54 a.m. | |
| 10:27 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 10:32 a.m. | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 7.92, 43.3% 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: 16.77 million shares before the 9:30 a.m. open (67%), 2.31 million in the first 30 minutes (9%), and 6.04 million in the rest of the day to 8 p.m. (24%).
- Float rotation, the volume since 4 a.m. against the float of 576,874 shares: past it once at 4:36 a.m., twice at 4:42 a.m., three times at 4:49 a.m.
- The halt at 9:30 a.m.: up 7.6% in the 5 minutes into it, reopened at 11.83, unchanged from the last trade before it, then down 4.9% over the next 5 minutes.
- The halt at 9:41 a.m.: down 13.2% in the 5 minutes into it, reopened at 10.74, unchanged from the last trade before it, then down 5.3% over the next 5 minutes.
- The halt at 9:49 a.m.: down 5.3% in the 5 minutes into it, reopened at 10.17, unchanged from the last trade before it, then down 4.8% over the next 5 minutes.
- The halt at 10:27 a.m.: down 12.6% in the 5 minutes into it, reopened at 9.00, up 1.5% from the last trade before it, then down 2.9% over the next 5 minutes.
- In our recaps, this is the only day WXM met the small-cap rule.
Halts
| Halted | Resumed | Length | Reason in the feed |
|---|---|---|---|
| 9:30 a.m. | 9:35 a.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 9:41 a.m. | 9:46 a.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 9:49 a.m. | 9:54 a.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 10:27 a.m. | 10:32 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 WXM on August 11, 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.