Hindsight Markets Small-cap stocks on August 12, 2026
BANL on August 12, 2026: why it ran
On August 12, 2026, BANL opened down 2.6% from the previous close of 4.16 and reached 7.50 at 1:38 p.m. ET. The exchange halted it 5 times.
- Previous close
- 4.16
- Open, 9:30 a.m.
- 4.05
- Gap at the open
- down 2.6%
- Pre-market high
- 4.38 at 7:09 a.m.
- High, 4 a.m. to 4 p.m.
- 7.50 at 1:38 p.m.
- Low, 4 a.m. to 4 p.m.
- 4.00
- After-hours high, 4 p.m. to 8 p.m.
- 6.10 at 4:00 p.m.
- Last trade before 4:00 p.m.
- 6.09
- Volume
- 1.37 million
- Relative volume
- 23.5x
- Float
- 2.20 million shares, from filings as of August 12, 2026
- Shares outstanding
- 3.22 million
Replay BANL's day
It starts at 1:06 p.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 1:09 p.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: the afternoon
- Halt run
- Halted five times
- Lower high after the top
Pre-market: almost nothing
The previous close was $4.16. Pre-market was very quiet: 304 shares traded before the bell. The pre-market high was $4.38 at 7:09 a.m. The low was $4.00 at 9:27.
The open and a slow morning
It opened at $4.05, down 3% from the previous close. It sat there for a few minutes. At 9:37 it moved from $4.20 to $4.44, and at 9:40 it reached $4.70.
It kept working higher and hit $4.90 at 10:08 a.m., up 21% from the open. That minute traded only 7 shares. Then it dropped to $4.30 by 10:15.
From there it chopped between about $4.40 and $5.00. Many minutes had only a handful of shares. At 11:57 it touched $5.00, and by 1:02 p.m. it was back at $4.79. By then it still hadn't traded above $5.00.
1:15 p.m.: it wakes up
At 1:14 it traded at $4.96. In the 1:15 minute it jumped through $5 to $5.32. The next minute it held between $5.19 and $5.33.
Stop It's 1:17. BANL is at $5.33, up from $4.96 three minutes ago. Before 1:15 it hadn't traded above $5.00 all day. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 1:17 p.m. ET for your call, then show what happened. The clip starts at 1:14 p.m. ET.
The 1:17 minute went to $5.60 on 7,502 shares, more than any minute that day so far. In the 1:19 minute it hit $6.04 on 9,395 shares. At 1:19:37 it was halted (a volatility pause) with the last trade at $6.04.
The reopen at $7.20
The halt lasted almost 16 minutes. It reopened at 1:35:18 at $7.20, well above where it stopped. A 23,048-share print at $7.20 was the first trade. The 1:35 minute traded 123,113 shares.
It ran as high as $7.47 in that minute and stayed between $6.50 and $7.47 through 1:37.
Stop It's 1:38. BANL is at $6.95. It reopened at $7.20 three minutes ago and has traded as high as $7.47. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 1:38 p.m. ET for your call, then show what happened. The clip starts at 1:35 p.m. ET.
The 1:38 minute pushed to $7.50, the high of the day, up 80% from the $4.16 previous close. Within the next minute it was at $6.24.
Four more halts and the drop to $5.12
At 1:39:22 it was halted again with the last trade at $6.24. It reopened at 1:44:22 at $6.20, with a 14,059-share print as the first trade. It slid to $5.58 in that minute, and at 1:45:06 it was halted a third time.
That halt ran 10 minutes. It reopened at 1:55:06 at $5.12, down 32% from $7.50. A 12,631-share print at $5.12 opened it. The same minute it bounced to $5.63, and at 1:55:22 it was halted a fourth time.
It came back at 2:00:22. The 2:00 minute opened at $5.87 and reached $6.05.
By 2:02 it had touched $6.11. At 2:03:57 it was halted a fifth time, with the last trade at $5.23. It reopened at 2:08:57 at $5.11 on a 10,003-share print. That was the last halt of the day.
The rest of the day
After the halts it traded mostly between $5.20 and $5.60 for the next hour and a half, with volume far lower than at the top.
It came back once more. At 3:40 p.m. it pushed to $6.64, a lower high under the $7.50 top. A minute later it was at $5.87, and it was $5.51 at 3:46 p.m.
A late push reached $6.47 at 3:55 p.m. It finished the regular session at $6.09.
After hours it slipped to $5.07 by 4:28 p.m. and later traded mostly between $5.60 and $6.00. 81,981 shares traded after the close.
By the close, 1.28 million shares had traded in the regular session: more than half the float (2.2 million), at about 24 times its normal volume. Almost all of that came after 1:15 p.m.
What to take from it
- A halt can reopen far from where it stopped. The 1:19 p.m. halt stopped at $6.04 and reopened at $7.20. The 1:45 p.m. halt stopped at $5.58 and reopened at $5.12.
- At these moments, a 5,000-share buy cost more than the screen showed. At 1:38:30 the screen said $7.35 with 175 shares there, and 5,000 shares averaged $7.47.
- After the top, the next push stopped lower. $7.50 at 1:38 p.m., then $6.64 at 3:40 p.m.
Why it ran
News and SEC filings for BANL published between the previous session's close and the first minute BANL traded 20% above it, at 11:57 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 down 2.6% at 4.05, then ran from the open to the high of 7.50 in 248 minutes through a halt.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 7:09 a.m. | Pre-market high, 4.38 | |
| 9:30 a.m. | The open: 4.05, down 2.6% from the previous close | |
| 11:57 a.m. | First trade 20% above the previous close of 4.16 | |
| 1:19 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 1:35 p.m. | |
| 1:38 p.m. | High of the day to the close, 7.50 | |
| 1:39 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 1:44 p.m. | |
| 1:45 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 1:55 p.m. | |
| 1:55 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 2:00 p.m. | |
| 2:03 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 2:08 p.m. | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 6.09, 18.8% 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: 304 shares before the 9:30 a.m. open (0%), 11,614 in the first 30 minutes (1%), and 1.36 million in the rest of the day to 8 p.m. (99%).
- The halt at 1:19 p.m.: up 21.8% in the 5 minutes into it, reopened at 7.20, up 19.2% from the last trade before it, then down 13.3% over the next 5 minutes.
- The halt at 1:39 p.m.: up 3.3% in the 5 minutes into it, reopened at 6.20, down 0.6% from the last trade before it, then down 10.0% over the next 5 minutes.
- The halt at 1:45 p.m.: down 10.6% in the 5 minutes into it, reopened at 5.12, down 8.2% from the last trade before it.
- The halt at 1:55 p.m.: up 0.9% in the 5 minutes into it, reopened at 5.87, up 4.3% from the last trade before it, then down 10.9% over the next 5 minutes.
- The halt at 2:03 p.m.: down 7.1% in the 5 minutes into it, reopened at 5.11, down 2.3% from the last trade before it, then up 5.9% over the next 5 minutes.
Halts
| Halted | Resumed | Length | Reason in the feed |
|---|---|---|---|
| 1:19 p.m. | 1:35 p.m. | 15 min 41 s | LULD pause (limit up-limit down) |
| 1:39 p.m. | 1:44 p.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 1:45 p.m. | 1:55 p.m. | 10 min 0 s | LULD pause (limit up-limit down) |
| 1:55 p.m. | 2:00 p.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 2:03 p.m. | 2:08 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 BANL on August 12, 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.