Hindsight Markets Small-cap stocks on August 18, 2026
TNON on August 18, 2026: why it ran
On August 18, 2026, TNON opened up 3.5% from the previous close of 4.92 and reached 6.08 at 6:47 a.m. ET. The exchange did not halt it.
- Previous close
- 4.92
- Open, 9:30 a.m.
- 5.09
- Gap at the open
- up 3.5%
- Pre-market high
- 6.08 at 6:47 a.m.
- High, 4 a.m. to 4 p.m.
- 6.08 at 6:47 a.m.
- Low, 4 a.m. to 4 p.m.
- 4.76
- After-hours high, 4 p.m. to 8 p.m.
- 10.11 at 4:30 p.m.
- Last trade before 4:00 p.m.
- 5.42
- Volume
- 7.24 million
- Relative volume
- 243.5x
- Float
- 606,596 shares, from filings as of August 18, 2026
- Shares outstanding
- 667,047
- Halts
- none in the halt feed
Why it ran
News and SEC filings for TNON published between the previous session's close and the first minute TNON traded 20% above it, at 6:30 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 3.5% at 5.09, then ran from the open to the high of 5.99 in 386 minutes.
| Time (ET) | What happened |
|---|---|
| 6:30 a.m. | First trade 20% above the previous close of 4.92 |
| 6:47 a.m. | Pre-market high, 6.08 |
| 6:47 a.m. | High of the day to the close, 6.08 |
| 9:30 a.m. | The open: 5.09, up 3.5% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 5.42, 10.9% below the high |
| 4:06 p.m. | Volume since 4:00 a.m. passes the whole float, 606,596 shares |
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: 111,521 shares before the 9:30 a.m. open (2%), 3,377 in the first 30 minutes (0%), and 7.12 million in the rest of the day to 8 p.m. (98%).
- Float rotation, the volume since 4 a.m. against the float of 606,596 shares: past it once at 4:06 p.m., twice at 4:12 p.m., three times at 4:16 p.m.
- Other days TNON met the small-cap rule in our recaps: 6, the latest on September 30, 2026.
- The next session, August 19, 2026, it was up 101.8% from its previous close at the 4:00 p.m. close.
Halts
The exchange's halt feed shows no halts for TNON 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 TNON on August 18, 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.