Hindsight Markets Small-cap stocks on August 24, 2026
FVN on August 24, 2026: why it ran
On August 24, 2026, FVN opened down 0.8% from the previous close of 13.00 and reached 21.98 at 1:56 p.m. ET. The exchange halted it 2 times.
- Previous close
- 13.00
- Open, 9:30 a.m.
- 12.90
- Gap at the open
- down 0.8%
- Pre-market high
- 13.18 at 4:15 a.m.
- High, 4 a.m. to 4 p.m.
- 21.98 at 1:56 p.m.
- Low, 4 a.m. to 4 p.m.
- 10.26
- After-hours high, 4 p.m. to 8 p.m.
- 20.00 at 4:02 p.m.
- Last trade before 4:00 p.m.
- 19.78
- Volume
- 185,714
- Relative volume
- 2.0x
- Float
- 5.81 million shares, from filings as of August 24, 2026
- Shares outstanding
- 7.54 million
Replay FVN's day
It starts at 1:37 p.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 1:40 p.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: the afternoon
- Halted twice
- Halt reopen
- Lower high
The day before
On August 21, FVN traded between $11.27 and $15.09 and closed at $13.00. Its last trade that evening was $14.32. No news came out on the 24th in our data, so there is no headline to point to.
Pre-market: very thin
The first trades were at $13.00 at 4:05 a.m. At 4:14 a.m. one 16-share minute printed at $10.26, the low so far. One minute later it printed $13.18, the pre-market high. These are tiny trades. Only 248 shares traded before the bell, so the prices say little.
Through the morning it sat between about $11.50 and $13.18 on a handful of shares.
The open: a slow morning
It opened at $12.90, below the $13.00 close. The first minute went to $13.30. At 9:53 a.m. one 10-share minute hit $14.19, and the next minute it opened at $13.00.
Then it chopped around $12.50 to $13.00. At 10:18 it was $12.25. The low since the open was $12.19 at 10:23. The next minute it reached $13.31, then was back at $12.60. Volume stayed small, a few thousand shares at most per minute.
The climb to $18.40
At 10:41 a.m. it was at $12.95 and began to move up. It got to $14.50 by 10:49, then sat near $14.35 through the lunch hour on very few trades.
At 12:30 p.m. it woke up, touching $15. It went through $16 at 12:52, and the 12:57 minute traded 9,828 shares on the way to $17.50. At 12:59 it reached $18.40, up 51% from the $12.19 low at 10:23.
It pulled back to $16.50 and spent the next 40 minutes between about $16.00 and $18.40.
The first halt
At 1:45 p.m. it jumped from $18.18 to $20.16 in one minute. It was halted (a volatility pause) at 1:45:55.
Stop It's 1:55. FVN last traded at $20.16 and has been halted since 1:45:55, after jumping from $18.18 in that minute. Trading resumes in seconds. Would you buy the reopen?
Press play: the real Level 2, time and sales and chart stop at 1:55 p.m. ET for your call, then show what happened. The clip starts at 1:52 p.m. ET.
It reopened at 1:55:55 p.m. at $20.56. The first minute after the reopen went to $21.38.
The top and the second halt
$21.98 came in the 1:56 minute, the high of the day. That minute traded 14,238 shares, the most of any minute that day, and it closed at $18.50.
At 1:56 p.m. it was halted again (at 1:56:37). It reopened at 2:01 p.m. at $17.94, below the $18.50 last trade of the 1:56 minute.
The rest of the day
After the second reopen it dropped to $17.03 by 2:03 and then ranged between about $17 and $19.50 for the afternoon. It dipped to $17.07 at 2:23, $17.20 at 3:02 and $17.25 at 3:15.
Late, it tried again. At 3:58 p.m. it hit $20.74, a lower high under the $21.98 top. It closed at $19.78, up 52% on the day.
Regular-session volume was 176,575 shares, about 2 times normal. The float is 5.8 million shares. After hours it moved between about $17.50 and $20.00 on 8,891 shares.
What to take from it
- After the top, the next push stopped lower. $21.98 at 1:56 p.m., then $20.74 at 3:58 p.m.
- Halt reopens were expensive. A 5,000-share market buy cost $2,448 over the screen after the first reopen and $6,560 over after the second.
- A quiet stock can still move fast. Most minutes were a few hundred shares or less, yet the biggest moves came in a few busy minutes.
Why it ran
News and SEC filings for FVN published between the previous session's close and the first minute FVN traded 20% above it, at 12:36 p.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 0.8% at 12.90, then ran from the open to the high of 21.98 in 266 minutes through a halt.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:15 a.m. | Pre-market high, 13.18 | |
| 9:30 a.m. | The open: 12.90, down 0.8% from the previous close | |
| 12:36 p.m. | First trade 20% above the previous close of 13.00 | |
| 1:45 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 1:55 p.m. | |
| 1:56 p.m. | High of the day to the close, 21.98 | |
| 1:56 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 2:01 p.m. | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 19.78, 10.0% 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: 248 shares before the 9:30 a.m. open (0%), 1,977 in the first 30 minutes (1%), and 183,489 in the rest of the day to 8 p.m. (99%).
- The halt at 1:45 p.m.: up 10.9% in the 5 minutes into it, reopened at 20.56, up 2.0% from the last trade before it, then down 10.0% over the next 5 minutes.
- The halt at 1:56 p.m.: down 8.2% in the 5 minutes into it, reopened at 17.94, down 3.0% from the last trade before it, then down 2.5% over the next 5 minutes.
- Other days FVN met the small-cap rule in our recaps: 3, the latest on August 27, 2026.
Halts
| Halted | Resumed | Length | Reason in the feed |
|---|---|---|---|
| 1:45 p.m. | 1:55 p.m. | 10 min 0 s | LULD pause (limit up-limit down) |
| 1:56 p.m. | 2:01 p.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 FVN on August 24, 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.