Hindsight Markets Small-cap stocks on August 14, 2026
AKAN on August 14, 2026: why it ran
On August 14, 2026, AKAN opened up 57.1% from the previous close of 5.01 and reached 11.42 at 4:00 a.m. ET. The exchange did not halt it.
- Previous close
- 5.01
- Open, 9:30 a.m.
- 7.87
- Gap at the open
- up 57.1%
- Pre-market high
- 11.42 at 4:00 a.m.
- High, 4 a.m. to 4 p.m.
- 11.42 at 4:00 a.m.
- Low, 4 a.m. to 4 p.m.
- 6.23
- After-hours high, 4 p.m. to 8 p.m.
- 6.45 at 4:00 p.m.
- Last trade before 4:00 p.m.
- 6.49
- Volume
- 7.51 million
- Relative volume
- 14.0x
- Float
- 479,413 shares, from filings as of August 14, 2026
- Shares outstanding
- 480,976
- Halts
- none in the halt feed
Replay AKAN's day
It starts at 9:56 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 9:59 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
- News: after the prior close
- Gap and fade
- Float traded 15x
- Ask wall pulled
The day before
On August 13, AKAN opened at $5.31 and ran to a high of $11.63. It closed at $5.01, below where it opened.
The news came after the close. At 4:05 p.m. Newsfile Corp ran: “Akanda's First Towers & Fiber Increases Recurring Revenue with Completion of 200 KM Fiber Network.” The last after-hours bar of the day was at $9.49.
Pre-market: $11.42 at 4:00 a.m.
The first trades on the 14th were at $10.28, already far above the $5.01 close. The high so far, $11.42, printed in the very first minute, at 4:00 a.m. That was up 128%. The minute closed at $10.77.
The next minute pushed to $11.00, a lower high under the top. By 4:14 it was at $9.21. At 4:24 it pushed to $10.35, still well short of $11.42.
By 4:08 a.m., more shares had traded than exist in the whole float (479,413). Shares outstanding were 480,976, so almost all of the shares were in the float.
From there it drifted lower. It was near $9.00 at 5:29, then slid to about $8.00 by 5:44 and spent the next few hours between roughly $7.70 and $8.90.
The wall at $10.35
At 6:56 a.m. volume jumped to 80,001 shares in one minute as the price touched $8.89. The second-by-second look at the book showed more. At 6:57:16 there were 50,293 shares offered at exactly $10.35, about 10% of the float. Two seconds later, 25,164 more appeared at $10.76. Both were far above where the stock was trading, near $8.60.
By 8:48 they had been there for more than an hour and a half.
Stop It's 8:48. AKAN is at $7.63. It was near $8.12 an hour ago and fell sharply in the last minute. A large ask wall has sat at $10.35 since 6:57 a.m. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 8:48 a.m. ET for your call, then show what happened. The clip starts at 8:45 a.m. ET.
At 8:48:23 both walls were pulled. The size left the book without trading there. Eleven seconds later, at 8:48:34, a buyer swept 24,545 shares from $7.55 to $7.68 through nine price levels. In the same second came prints of 24,000 shares at $7.58 (at the ask), 24,000 at $7.58 (at the bid) and 15,562 at $7.58. The 8:48 minute traded 113,776 shares and its low of $7.46 was the low of the whole pre-market. It closed at $7.59.
At 8:50 a bid wall appeared at $7.50. It peaked at 37,397 shares at 8:52, about 8% of the float. It was pulled at 9:28.
The open
It opened at $7.87, up 57% from the previous close. One second after the open, 25,342 shares printed at $7.85. By 9:34 a.m. total volume was nearly nine times the float.
Stop It's 9:35. AKAN is at $7.78, five minutes after opening at $7.87. The first five minutes held between $7.48 and $8.00. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 9:35 a.m. ET for your call, then show what happened. The clip starts at 9:32 a.m. ET.
The 9:35 minute ran to $8.65 on 141,137 shares, including a buy sweep of 13,114 shares from $8.30 to $8.37. $8.65 was the high since the open. The next minute reached $8.64. At 9:36:17 a new ask wall appeared at $10.01 and peaked at 25,301 shares. Then the 9:37 minute fell to $7.71 on 119,022 shares.
It slid to $7.13 by 9:48. At 10:11 it pushed up again, reaching $8.30 at 10:19. At 10:19:10 the $10.01 wall was pulled. Two seconds later an ask wall appeared at $8.46 and peaked at 25,800 shares.
The 10:20 minute opened at $8.25 and closed at $7.75. Inside it, a sell sweep of 14,166 shares ran from $7.96 down to $7.70 through 25 levels.
10:50 and the afternoon
Stop It's 10:50. AKAN is at $7.25. For the last 20 minutes it has traded between about $7.10 and $7.55. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 10:50 a.m. ET for your call, then show what happened. The clip starts at 10:47 a.m. ET.
The 10:50 minute opened at $7.25, hit a low of $6.81 and closed at $6.86 on 53,161 shares. Two sell sweeps hit within five seconds: 12,274 shares from $7.22 to $7.09 at 10:50:17, then 12,428 shares from $7.03 to $6.82 at 10:50:22. At 10:52:14, 14,500 shares printed at $6.80 at the bid.
At 10:53 a.m. Benzinga ran: “Akanda Stock Surges Friday: What's Driving the Action?” By then the stock was already below $7.
It fell to $6.34 by 11:13. At 1:00 p.m. it moved up from $7.02 to $7.56 at 1:05, and an ask wall peaking at 25,300 shares showed at $8.07. Afterward it slid again. The low after the open was $6.23 at 3:56 p.m.
The close and after hours
It closed at $6.49, 43% under the $11.42 high. That high came before the bell, at 4:00 a.m., and was 45% above the open.
By the close, 7.25 million shares had traded, pre-market included: the float changed hands about 15 times. Of that, 4.12 million traded before the open and 3.13 million in the regular session. After hours it slid to $5.39, the low of the day, at 7:59 p.m.
What to take from it
- After the top, the next push stopped lower. $11.42 at 4:00 a.m., then $11.00 at 4:01.
- A big wall far above the price can leave without a trade. The 50,293-share ask at $10.35 sat for almost two hours, then left the book at 8:48:23 without trading.
- Most of the move was gone by the close. It closed at $6.49, 43% below the $11.42 high that printed before the open.
Why it ran
News and SEC filings for AKAN published between the previous session's close and the first minute AKAN traded 20% above it, at 4:00 a.m. ET, newest first, from the same feeds the replay shows.
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Akanda's First Towers & Fiber Increases Recurring Revenue with Completion of 200 KM Fiber Network
News via Stock News API
How it traded
Gap and fade. It gapped up 57.1% to 7.87 at the open and traded below the open by 4:00 p.m., at 6.49.
| Time (ET) | What happened | Watch it |
|---|---|---|
| Aug 13, 4:05 p.m. | News (Newsfile Corp): Akanda's First Towers & Fiber Increases Recurring Revenue with Completion of 200 KM Fiber Network | |
| 4:00 a.m. | First trade 20% above the previous close of 5.01 | |
| 4:00 a.m. | Pre-market high, 11.42 | |
| 4:00 a.m. | High of the day to the close, 11.42 | |
| 4:08 a.m. | Volume since 4:00 a.m. passes the whole float, 479,413 shares | |
| 9:30 a.m. | The open: 7.87, up 57.1% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 6.49, 43.2% 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
- From news to the move: the first trade 20% above the previous close came 11 hours 55 minutes after the latest news item before it (Newsfile Corp, Aug 13, 4:05 p.m.).
- Volume, from the one-minute bars: 4.12 million shares before the 9:30 a.m. open (55%), 1.02 million in the first 30 minutes (14%), and 2.38 million in the rest of the day to 8 p.m. (32%).
- Float rotation, the volume since 4 a.m. against the float of 479,413 shares: past it once at 4:08 a.m., twice at 4:23 a.m., three times at 4:40 a.m.
Halts
The exchange's halt feed shows no halts for AKAN 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 AKAN on August 14, 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.