Hindsight Markets / Small-cap stocks on August 12, 2026

OFAL on August 12, 2026: why it ran

Published October 9, 2026 · By Hindsight Markets

On August 12, 2026, OFAL opened up 257.5% from the previous close of 0.7132 and reached 3.80 at 9:56 a.m. ET. The exchange halted it 22 times.

Previous close

0.7132

Open, 9:30 a.m.

2.55

Gap at the open

up 257.5%

Pre-market high

3.50 at 8:41 a.m.

High, 4 a.m. to 4 p.m.

3.80 at 9:56 a.m.

Low, 4 a.m. to 4 p.m.

0.7000

After-hours high, 4 p.m. to 8 p.m.

1.75 at 5:05 p.m.

Last trade before 4:00 p.m.

1.35

Volume

90.49 million

Relative volume

245.3x

Float

1.92 million shares, from filings as of August 12, 2026

Shares outstanding

2.64 million

Halts

22

Why it ran

News and SEC filings for OFAL published between the previous session's close and the first minute OFAL traded 20% above it, at 6:06 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 257.5% to 2.55 at the open, ran from the open to the high of 3.80 in 26 minutes through 3 halts, then gave back 196% of that move by 4:00 p.m., trading at 1.35.

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: 72.21 million shares before the 9:30 a.m. open (80%), 2.44 million in the first 30 minutes (3%), and 15.84 million in the rest of the day to 8 p.m. (18%).
• Float rotation, the volume since 4 a.m. against the float of 1.92 million shares: past it once at 6:12 a.m., twice at 6:20 a.m., three times at 6:24 a.m.
• The halt at 9:30 a.m.: up 3.8% in the 5 minutes into it, reopened at 2.85, up 5.6% from the last trade before it, then up 5.3% over the next 5 minutes.
• The halt at 9:36 a.m.: up 11.1% in the 5 minutes into it, reopened at 3.35, up 11.7% from the last trade before it.
• The halt at 9:46 a.m.: up 16.7% in the 5 minutes into it, reopened at 3.70, up 5.7% from the last trade before it.
• The halt at 9:56 a.m.: up 1.4% in the 5 minutes into it, reopened at 3.00, down 15.5% from the last trade before it.
• The halt at 10:11 a.m.: down 19.7% in the 5 minutes into it, reopened at 2.69, down 5.6% from the last trade before it, then down 5.6% over the next 5 minutes.
• The halt at 10:22 a.m.: down 10.9% in the 5 minutes into it, reopened at 2.57, up 1.2% from the last trade before it.
• The halt at 10:27 a.m.: down 4.7% in the 5 minutes into it, reopened at 2.23, down 7.9% from the last trade before it.
• The halt at 10:37 a.m.: down 14.0% in the 5 minutes into it, reopened at 2.11, up 1.4% from the last trade before it, then up 7.1% over the next 5 minutes.
• The halt at 10:48 a.m.: up 8.7% in the 5 minutes into it, reopened at 2.15, down 4.9% from the last trade before it.
• The halt at 10:53 a.m.: down 11.5% in the 5 minutes into it, reopened at 1.80, down 10.0% from the last trade before it, then up 8.3% over the next 5 minutes.
• The halt at 11:04 a.m.: down 2.5% in the 5 minutes into it, reopened at 1.90, down 2.6% from the last trade before it, then up 16.3% over the next 5 minutes.
• The halt at 11:11 a.m.: up 13.3% in the 5 minutes into it, reopened at 2.21, unchanged from the last trade before it, then down 6.8% over the next 5 minutes.
• The halt at 11:17 a.m.: down 6.8% in the 5 minutes into it, reopened at 2.05, down 0.5% from the last trade before it, then down 9.3% over the next 5 minutes.
• The halt at 11:23 a.m.: down 9.7% in the 5 minutes into it, reopened at 1.85, down 0.5% from the last trade before it, then down 3.8% over the next 5 minutes.
• The halt at 11:30 a.m.: down 4.3% in the 5 minutes into it, reopened at 1.77, down 0.6% from the last trade before it, then down 2.8% over the next 5 minutes.
• The halt at 11:38 a.m.: down 3.4% in the 5 minutes into it, reopened at 1.66, down 3.5% from the last trade before it, then up 5.4% over the next 5 minutes.
• The halt at 11:48 a.m.: up 5.1% in the 5 minutes into it, reopened at 1.90, up 2.2% from the last trade before it, then up 8.9% over the next 5 minutes.
• The halt at 11:56 a.m.: up 11.3% in the 5 minutes into it, reopened at 2.10, up 1.4% from the last trade before it, then up 5.2% over the next 5 minutes.
• The halt at 12:03 p.m.: up 6.8% in the 5 minutes into it, reopened at 2.28, up 3.2% from the last trade before it.
• The halt at 12:08 p.m.: down 3.4% in the 5 minutes into it, reopened at 2.00, down 6.3% from the last trade before it, then down 7.5% over the next 5 minutes.
• The halt at 12:14 p.m.: down 13.3% in the 5 minutes into it, reopened at 1.77, down 4.3% from the last trade before it, then up 8.5% over the next 5 minutes.
• The halt at 12:20 p.m.: up 3.8% in the 5 minutes into it, reopened at 2.00, up 4.2% from the last trade before it, then down 0.5% over the next 5 minutes.
• Other days OFAL met the small-cap rule in our recaps: 3, the latest on August 25, 2026.

Halts

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.