Hindsight Markets Small-cap stocks on August 21, 2026
PMI on August 21, 2026: why it ran
On August 21, 2026, PMI opened down 6.6% from the previous close of 3.03 and reached 5.49 at 8:26 a.m. ET. The exchange did not halt it.
- Previous close
- 3.03
- Open, 9:30 a.m.
- 2.83
- Gap at the open
- down 6.6%
- Pre-market high
- 5.49 at 8:26 a.m.
- High, 4 a.m. to 4 p.m.
- 5.49 at 8:26 a.m.
- Low, 4 a.m. to 4 p.m.
- 2.53
- After-hours high, 4 p.m. to 8 p.m.
- 5.20 at 5:59 p.m.
- Last trade before 4:00 p.m.
- 3.22
- Volume
- 5.90 million
- Relative volume
- 188.5x
- Float
- 1.39 million shares, from filings as of August 21, 2026
- Shares outstanding
- 2.34 million
- Halts
- none in the halt feed
Why it ran
News and SEC filings for PMI published between the previous session's close and the first minute PMI traded 20% above it, at 8:24 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 down 6.6% at 2.83, then ran from the open to the high of 3.48 in 298 minutes.
| Time (ET) | What happened |
|---|---|
| 8:24 a.m. | First trade 20% above the previous close of 3.03 |
| 8:26 a.m. | Pre-market high, 5.49 |
| 8:26 a.m. | High of the day to the close, 5.49 |
| 8:31 a.m. | Volume since 4:00 a.m. passes the whole float, 1.39 million shares |
| 9:30 a.m. | The open: 2.83, down 6.6% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 3.22, 41.3% 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: 1.96 million shares before the 9:30 a.m. open (33%), 60,586 in the first 30 minutes (1%), and 3.87 million in the rest of the day to 8 p.m. (66%).
- Float rotation, the volume since 4 a.m. against the float of 1.39 million shares: past it once at 8:31 a.m., twice at 5:04 p.m., three times at 5:40 p.m.
- Other days PMI met the small-cap rule in our recaps: 3, the latest on August 31, 2026.
- The next session, August 24, 2026, it was up 61.7% from its previous close at the 4:00 p.m. close.
Halts
The exchange's halt feed shows no halts for PMI 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 PMI on August 21, 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.