Hindsight Markets Small-cap stocks on August 13, 2026
DARE on August 13, 2026: why it ran
On August 13, 2026, DARE opened down 0.7% from the previous close of 1.44 and reached 1.47 at 9:02 a.m. ET. The exchange did not halt it.
- Previous close
- 1.44
- Open, 9:30 a.m.
- 1.43
- Gap at the open
- down 0.7%
- Pre-market high
- 1.47 at 9:02 a.m.
- High, 4 a.m. to 4 p.m.
- 1.47 at 9:02 a.m.
- Low, 4 a.m. to 4 p.m.
- 1.31
- After-hours high, 4 p.m. to 8 p.m.
- 2.27 at 5:55 p.m.
- Last trade before 4:00 p.m.
- 1.38
- Volume
- 2.58 million
- Relative volume
- 31.4x
- Float
- 14.33 million shares, from filings as of August 13, 2026
- Shares outstanding
- 14.98 million
- Halts
- none in the halt feed
Replay DARE's day
It starts at 3:53 p.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 3:56 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: after hours
- Catalyst: Q2 results
- Thin pre-market
- Faded in the regular session
- No halts
The day before
On August 12, DARE opened at $1.47 and traded between $1.42 and $1.48. It closed at $1.44 on 39,874 shares. It was a quiet stock going into the 13th.
Pre-market: seven shares
There was almost nothing to trade. The first print was $1.46 at 8:56 a.m. Then $1.47 at 9:02 a.m., the pre-market high. That minute closed at $1.44. One more trade came at $1.45 at 9:28. Seven shares traded before the bell.
A book that empty makes a screen price unreliable.
The open and the drift down
It opened at $1.43, a penny under the $1.44 close. The opening minute traded 3,542 shares and touched $1.47, so it matched the pre-market high without passing it. Then it slid. By 10:04 it was at $1.40.
The next real drop came at 10:42. That minute traded 8,461 shares and ended at $1.34. It held $1.33 to $1.36 for hours, with long stretches of one-share and 100-share prints.
At 3:25 p.m. it traded 8,299 shares between $1.33 and $1.34, after $1.35 at 3:23. By 3:30 it had traded down to $1.31.
Stop It's 3:56. DARE is at $1.34, below yesterday's $1.44 close. It opened at $1.43, touched $1.47 in the first minute, and made a low of $1.31 at 3:30. Since then it has bounced to $1.35 and back to $1.34, and after a burst of about 10,000 shares from 3:50 to 3:52, the last few minutes have been thin. The bell is four minutes away. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 3:56 p.m. ET for your call, then show what happened. The clip starts at 3:53 p.m. ET.
There was no halt all session. It bounced into the close. It was $1.33 at 3:50, and the 3:59 minute traded up to $1.38. It closed at $1.38, 6% below the $1.47 high. Regular-session volume was 84,045 shares, less than 1% of the 14.3 million-share float.
After hours: the news
At 4:01 p.m., GlobeNewsWire ran: “Daré Bioscience Reports Second Quarter 2026 Results and Highlights Commercial Inflection as Multi-Product Women's Health Strategy Advances.” At 4:02 p.m. the company filed a 10-Q (the quarterly report) and an 8-K (a current report).
The stock barely moved at first. It was $1.37 at 4:00 and $1.38 at 4:01. Then at 4:07 it traded 7,826 shares and ran from $1.45 to $1.68. The next minute reached $1.77 on 39,457 shares, then fell back to $1.56 by 4:09.
From 4:10 to 5:45 it ranged between $1.53 and $1.74. Volume was mostly lighter than in the later run, though the 4:16 minute traded 43,632 shares.
After hours: $2.27
The move that made the day came late. At 5:50 it was at $1.72, and the 5:52 minute traded 44,287 shares and reached $1.95. The 5:53 minute traded 125,264 shares and closed at $2.04. The 5:55 minute was the biggest, at 158,391 shares. It hit $2.27, the high of the day, at 5:55 p.m., up 66% from $1.37 at 4:00.
It couldn't hold the top. It was $2.06 at 6:00 and closed the 6:10 minute at $1.90. At 6:16 p.m. Zacks Investment Research ran: “Dare Bioscience, Inc. (DARE) Reports Q2 Loss, Beats Revenue Estimates.” That minute closed at $1.84. By 6:24 it had dropped to $1.73, and it touched $1.71 at 6:40, and the last bar we have, at 7:59 p.m., closed at $1.80.
After hours traded 2.49 million shares, about 30 times the regular session's 84,045. The whole day came to 2.58 million.
What to take from it
- The whole move happened after hours. The regular session ran from $1.43 to $1.38 on 84,045 shares. The $2.27 high came at 5:55 p.m.
- A pre-market with seven shares traded has no real price. The screen showed $1.50, and a 5,000-share buy would have averaged $1.96.
- The first after-hours spike and the biggest one were more than an hour and a half apart. The first came at 4:07 and the high at 5:55, with a flat stretch in between.
Why it ran
News and SEC filings for DARE published between the previous session's close and the first minute DARE traded 20% above it, at 4:08 p.m. ET, newest first, from the same feeds the replay shows.
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8-K
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10-Q
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Daré Bioscience Reports Second Quarter 2026 Results and Highlights Commercial Inflection as Multi-Product Women's Health Strategy Advances
News via Stock News API
How it traded
| Time (ET) | What happened | Watch it |
|---|---|---|
| 9:02 a.m. | Pre-market high, 1.47 | |
| 9:02 a.m. | High of the day to the close, 1.47 | |
| 9:30 a.m. | The open: 1.43, down 0.7% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 1.38, 6.1% below the high | |
| 4:01 p.m. | News (GlobeNewsWire): Daré Bioscience Reports Second Quarter 2026 Results and Highlights Commercial Inflection as Multi-Product Women's Health Strategy Advances | |
| 4:02 p.m. | SEC filing 10-Q: 10-Q | |
| 4:02 p.m. | SEC filing 8-K: 8-K | |
| 4:08 p.m. | First trade 20% above the previous close of 1.44 |
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 5 minutes after the latest SEC filing before it (8-K, 4:02 p.m.).
- Volume, from the one-minute bars: 7 shares before the 9:30 a.m. open (0%), 5,508 in the first 30 minutes (0%), and 2.57 million in the rest of the day to 8 p.m. (100%).
- In our recaps, this is the only day DARE met the small-cap rule.
Halts
The exchange's halt feed shows no halts for DARE that day.
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 DARE on August 13, 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.