Hindsight Markets Small-cap stocks on August 19, 2026
CISS on August 19, 2026: why it ran
On August 19, 2026, CISS opened up 1.8% from the previous close of 2.74 and reached 4.90 at 10:02 a.m. ET. The exchange halted it 2 times.
- Previous close
- 2.74
- Open, 9:30 a.m.
- 2.79
- Gap at the open
- up 1.8%
- Pre-market high
- 3.29 at 9:02 a.m.
- High, 4 a.m. to 4 p.m.
- 4.90 at 10:02 a.m.
- Low, 4 a.m. to 4 p.m.
- 2.56
- After-hours high, 4 p.m. to 8 p.m.
- 3.47 at 5:45 p.m.
- Last trade before 4:00 p.m.
- 3.21
- Volume
- 2.96 million
- Relative volume
- 3.5x
- Float
- 327,048 shares, from filings as of August 19, 2026
- Shares outstanding
- 327,065
Replay CISS's day
It starts at 9:44 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 9:47 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: 9:35 to 10:07
- Tiny float
- Halt run
- Ask wall
- Bid wall pulled
- Faded from the high
Before the open
The official previous close was $2.74. The stock was halted at 3:04 a.m. and reopened at 9:00 a.m. at $2.86.
It ran to the pre-market high, $3.29 at 9:02 a.m. Then it fell to $2.57 at 9:16 a.m. In all, 77,677 shares traded before the bell, about a quarter of the 327,048-share float.
The open and the first push
It opened at $2.79. For the first five minutes it stayed between about $2.74 and $2.89.
At 9:35 it moved up through $3. At 9:39 it hit $3.33, above the $3.29 pre-market high. It slipped back to about $3 by 9:45, after dipping just under $2.97 at 9:43.
At 9:46 it turned up again. Volume built: 46,537 shares at 9:49, then 86,001 at 9:51, when it reached $4.13. By then more shares had traded than exist in the whole float.
The halt at 9:52
At 9:52 it was halted (a volatility pause). The last trade was $4.13.
Stop It's 9:57. CISS has been halted since 9:52 with the last trade at $4.13. The float is only 327,048 shares and more than that has already traded today. Trading is about to resume. Would you buy the reopen?
Press play: the real Level 2, time and sales and chart stop at 9:57 a.m. ET for your call, then show what happened. The clip starts at 9:54 a.m. ET.
Here's what happened. It reopened at 9:57:06 at $3.96, below where it stopped. A single trade of 34,603 shares at $3.96 printed at 9:57:06. The reopen minute went to $4.30, then fell. By 9:58 it had dropped to $3.20, and a sell sweep of 13,458 shares ran from $3.50 to $3.21 across 24 price levels at 9:58:52.
$4.90, then the walls
From $3.20 it climbed again. At 10:02 it hit $4.90, the high of the day. The 10:02 minute traded 183,189 shares.
Then the book changed. A sell sweep of 11,709 shares ran from $4.43 to $4.22 at 10:04:47. In the same second an ask wall appeared at $4.96. It grew to 28,436 shares at 10:07:38, about 8.7% of the float. A bid wall showed up at $3.29 at 10:04:52. It peaked at 22,473 shares and was pulled at 10:08:21.
At 10:07 it pushed to $4.44, a lower high under $4.90. The $4.96 wall was pulled at 10:08:15. Two seconds later a new ask wall formed at $4.71, peaking at 28,381 shares at 10:09:29.
The slide and the bids
After 10:07 the stock stepped down. The 10:13 minute closed at $3.54. Two sell sweeps went through the book: 15,988 shares from $3.75 to $3.57 at 10:13:53, and 10,396 shares from $3.56 to $3.50 at 10:14:04. By 10:18 it was at $3.09.
Bid walls kept showing up below. One sat at $3.01 from 10:11:35 and was pulled at 10:13:26. Another sat at $2.76 from 10:14:05 and was pulled at 10:20:17.
At 10:20:17 a new bid appeared at $2.72. It peaked at 22,188 shares at 10:39:33, about 6.8% of the float. It was pulled at 11:21:53. The stock was near $3 at that time. It later traded below $2.72, first at 11:57, and made the low of the day, $2.56, at 12:49.
The rest of the day
After 10:40 the stock mostly traded between $2.56 and $3.30, with small volume. The 3:59 p.m. bar closed just over $3.21, about 34% below the $4.90 high.
For the regular session, 2.76 million shares traded: the float changed hands about 8 times. Relative volume for the whole day was about 3.5 times normal.
After the close a 6-K was filed at 4:01 p.m. and a Schedule 13G at 4:15 p.m. Five 424B3 filings came between 4:54 and 5:05 p.m.
What to take from it
- A halt can reopen below where it stopped, and the book is thin at that moment. The stock stopped at $4.13, reopened at $3.96, and a 5,000-share buy averaged $722 over the screen.
- The next push after the top stopped lower. $4.90 at 10:02, then $4.44 at 10:07, with a big ask wall at $4.96 in between.
- Walls on the book can be pulled. The bid at $2.72 stayed for about an hour and then left.
Why it ran
News and SEC filings for CISS published between the previous session's close and the first minute CISS traded 20% above it, at 9:02 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 1.8% at 2.79, then ran from the open to the high of 4.90 in 32 minutes through a halt.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 3:04 a.m. | Halted: No reason given in the feed. Trading resumes at 9:00 a.m. | |
| 9:02 a.m. | First trade 20% above the previous close of 2.74 | |
| 9:02 a.m. | Pre-market high, 3.29 | |
| 9:30 a.m. | The open: 2.79, up 1.8% from the previous close | |
| 9:51 a.m. | Volume since 4:00 a.m. passes the whole float, 327,048 shares | |
| 9:52 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 9:57 a.m. | |
| 10:02 a.m. | High of the day to the close, 4.90 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 3.21, 34.4% 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
- Volume, from the one-minute bars: 77,677 shares before the 9:30 a.m. open (3%), 644,127 in the first 30 minutes (22%), and 2.23 million in the rest of the day to 8 p.m. (76%).
- Float rotation, the volume since 4 a.m. against the float of 327,048 shares: past it once at 9:51 a.m., twice at 9:58 a.m., three times at 10:02 a.m.
- The halt at 3:04 a.m.: then down 3.8% over the next 5 minutes.
- The halt at 9:52 a.m.: up 27.5% in the 5 minutes into it, reopened at 3.96, down 4.1% from the last trade before it, then up 6.8% over the next 5 minutes.
- Other days CISS met the small-cap rule in our recaps: 2, the latest on September 21, 2026.
Halts
| Halted | Resumed | Length | Reason in the feed |
|---|---|---|---|
| 3:04 a.m. | 9:00 a.m. | 355 min 7 s | No reason given in the feed |
| 9:52 a.m. | 9:57 a.m. | 5 min 0 s | LULD pause (limit up-limit down) |
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 CISS on August 19, 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.