Hindsight Markets / Small-cap stocks on August 18, 2026

IPST on August 18, 2026: why it ran

Published October 9, 2026 · By Hindsight Markets

On August 18, 2026, IPST opened up 1.4% from the previous close of 7.39 and reached 25.35 at 1:52 p.m. ET. The exchange halted it 12 times.

Previous close

7.39

Open, 9:30 a.m.

7.49

Gap at the open

up 1.4%

Pre-market high

8.51 at 4:03 a.m.

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

25.35 at 1:52 p.m.

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

6.50

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

17.47 at 6:30 p.m.

Last trade before 4:00 p.m.

15.81

Volume

13.25 million

Relative volume

5.2x

Float

696,891 shares, from filings as of August 18, 2026

Shares outstanding

721,578

Halts

12

Why it ran

News and SEC filings for IPST published between the previous session's close and the first minute IPST traded 20% above it, at 10:04 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 up 1.4% at 7.49, then ran from the open to the high of 25.35 in 262 minutes through 10 halts.

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: 294,964 shares before the 9:30 a.m. open (2%), 214,318 in the first 30 minutes (2%), and 12.74 million in the rest of the day to 8 p.m. (96%).
• Float rotation, the volume since 4 a.m. against the float of 696,891 shares: past it once at 10:10 a.m., twice at 10:20 a.m., three times at 10:43 a.m.
• The halt at 9:59 a.m.: up 20.0% in the 5 minutes into it, reopened at 8.50, up 1.1% from the last trade before it, then up 10.0% over the next 5 minutes.
• The halt at 10:05 a.m.: up 11.2% in the 5 minutes into it, reopened at 9.35, unchanged from the last trade before it, then up 15.0% over the next 5 minutes.
• The halt at 10:13 a.m.: up 15.0% in the 5 minutes into it, reopened at 10.75, unchanged from the last trade before it, then down 7.7% over the next 5 minutes.
• The halt at 10:25 a.m.: down 13.5% in the 5 minutes into it, reopened at 8.55, down 3.8% from the last trade before it, then up 9.8% over the next 5 minutes.
• The halt at 10:45 a.m.: up 13.9% in the 5 minutes into it, reopened at 12.00, down 0.2% from the last trade before it, then up 14.9% over the next 5 minutes.
• The halt at 10:54 a.m.: up 14.6% in the 5 minutes into it, reopened at 13.11, down 4.9% from the last trade before it, then up 12.9% over the next 5 minutes.
• The halt at 11:07 a.m.: up 15.1% in the 5 minutes into it, reopened at 17.63, up 0.1% from the last trade before it, then down 3.2% over the next 5 minutes.
• The halt at 11:14 a.m.: down 3.1% in the 5 minutes into it, reopened at 17.07, unchanged from the last trade before it, then down 6.2% over the next 5 minutes.
• The halt at 1:25 p.m.: up 11.0% in the 5 minutes into it, reopened at 19.10, up 3.4% from the last trade before it, then up 9.9% over the next 5 minutes.
• The halt at 1:45 p.m.: up 11.4% in the 5 minutes into it, reopened at 23.99, down 2.0% from the last trade before it, then down 7.4% over the next 5 minutes.
• The halt at 1:55 p.m.: down 6.7% in the 5 minutes into it, reopened at 21.21, down 0.2% from the last trade before it, then down 3.7% over the next 5 minutes.
• The halt at 3:10 p.m.: down 14.5% in the 5 minutes into it, reopened at 17.38, down 3.7% from the last trade before it, then down 3.9% over the next 5 minutes.
• Other days IPST met the small-cap rule in our recaps: 4, the latest on September 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.