Hindsight Markets Small-cap stocks on August 24, 2026
PMI on August 24, 2026: why it ran
On August 24, 2026, PMI opened up 41.1% from the previous close of 3.21 and reached 5.36 at 10:43 a.m. ET. The exchange halted it once.
- Previous close
- 3.21
- Open, 9:30 a.m.
- 4.53
- Gap at the open
- up 41.1%
- Pre-market high
- 5.11 at 4:42 a.m.
- High, 4 a.m. to 4 p.m.
- 5.36 at 10:43 a.m.
- Low, 4 a.m. to 4 p.m.
- 3.97
- After-hours high, 4 p.m. to 8 p.m.
- 7.50 at 5:00 p.m.
- Last trade before 4:00 p.m.
- 5.19
- Volume
- 10.55 million
- Relative volume
- 32.3x
- Float
- 1.39 million shares, from filings as of August 24, 2026
- Shares outstanding
- 2.34 million
Replay PMI's day
It starts at 10:25 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 10:28 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
- Gap up
- Ask wall broken
- Halted once
- Float traded 7x
- After-hours spike
The day before
On August 21, PMI opened at $3.15 and reached $5.49. It closed at $3.21.
Its last bar of that day was at $4.70, well above the close. Our data has no headline for either day, so we can't say why.
Pre-market: the $4.76 wall
The first trades on the 24th were at $4.61, already above the $3.21 close. The 4:00 a.m. minute alone reached $5.06.
From 4:01:59 a.m., someone was offering a lot of stock at exactly $4.76. The wall peaked at 29,077 shares at 4:02:47, about 2% of the 1.39-million-share float.
Stop It's 4:03. PMI is at $4.75. A wall of up to about 29,000 shares has been offered at $4.76 since 4:01, one tick above. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 4:03 a.m. ET for your call, then show what happened. The clip starts at 4:00 a.m. ET.
Here's what happened. At 4:03:20 the first trade printed at $4.76. In 10.7 seconds, 15,287 shares traded at exactly $4.76 and the wall was gone at 4:03:31. Buyers ate it.
It didn't run. It fell to $4.34 at 4:10 a.m., down 14% from the $5.06 of the first minute. Then it climbed to the pre-market high, $5.11 at 4:42 a.m.
By 4:45 a.m., more shares had traded than exist in the whole float. 3.57 million shares traded before the bell. After that it drifted lower: $4.46 at 5:38 a.m., a bounce to $4.84 at 6:08, and $4.19 at 7:23 a.m.
The open and the wall at $5.00
A second wall sat higher. An ask wall at $5.00 was first seen at 6:55:16 a.m. It peaked at 30,068 shares at 9:58:20, about 2.2% of the float.
PMI opened at $4.53, up 41% from the previous close. The opening print was 40,540 shares at $4.53 at 9:30:00.
It fell fast. The 9:32 minute dropped to $4.00, and at 9:33 it hit $3.97, the low so far. By 10:30 it was back at $4.45.
Stop It's 10:31. PMI is at $4.42. An ask wall has sat at $5.00 since 6:55 a.m. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 10:31 a.m. ET for your call, then show what happened. The clip starts at 10:28 a.m. ET.
One halt and the regular-session high
Here's what happened. In the 10:32 minute it ran from $4.56 to $4.93 on 122,711 shares. At 10:33:11 it was halted (a volatility pause), with the last trade at $4.93.
Two seconds into the halt, a new ask wall showed on the book at $5.88. It was 50,513 shares, 3.6% of the float. It was pulled at 10:45:57.
It reopened at 10:43:11 at $5.35, 9% above where it stopped and above the $5.00 wall. A single trade of 91,460 shares went through at $5.35. A buy order of 25,378 shares swept 35 price levels, from $4.97 to $5.36. The $5.00 wall was gone one second later. Only 982 shares traded at exactly $5.00, so this wall wasn't eaten the way the $4.76 one was.
The 10:43 minute made $5.36, the high of the regular session, and closed at $5.01 on 429,064 shares. At 10:45:53 a sell order of 34,581 shares went through $5.01 to $4.95. Within six minutes, at 10:49, it was down to $4.62.
The drop to $4.14, and a late push
A bid wall of about 31,000 shares showed at $4.12 at 10:57:40. It was 2.3% of the float at its peak and was pulled at 12:06:08. The stock fell to $4.14 at 11:48 a.m., down 23% from $5.36. That was above the wall.
Midday it moved around $4.30 to $4.90. A 30,370-share buy order swept 19 levels, $4.51 to $4.69, at 12:35. The 12:42 minute reached $4.90.
The last real push came late. In the 3:49 p.m. minute it went from $4.78 to $4.94. At 3:59 p.m. it reached $5.30, a lower high under the $5.36 top. It closed the regular session at $5.19, up 62% on the day.
The regular session (9:30 to 4:00) traded 4.75 million shares. With pre-market 3.57 million and after hours 2.24 million, the day came to 10.55 million shares: the float changed hands about 7.6 times. Relative volume was about 32.
After hours: $7.50
The biggest price of the day came after the close. After hours it dipped to $4.84 at 4:04 p.m. At 4:56 p.m. it jumped from $5.25 to as high as $6.08 on 99,856 shares. By 5:00 p.m. it reached $7.50, up 55% from the $4.84 low. We have no headline for it.
It didn't hold. It was back to $5.38 by 5:23 p.m. The last trade of the session, at 7:59 p.m., was $5.96.
What to take from it
- A wall that gets eaten is different from a wall that disappears. At $4.76, 15,287 shares traded at the price and the stock then fell to $4.34 within seven minutes. At $5.00, only 982 shares traded there and the price jumped through it.
- Here, buying in the first second after the wall broke or the halt reopened cost more than the screen showed. Here that was $111 at 4:03 a.m. and $451 at 10:43 a.m. on 5,000 shares.
- After the top, the next push stopped lower. $5.36 at 10:43 a.m., then $5.30 at 3:59 p.m. The biggest price of the day, $7.50, came after hours.
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 4:00 a.m. ET, newest first, from the same feeds the replay shows.
No news found before the move.
How it traded
Gap and go. It gapped up 41.1% to 4.53 at the open, ran from the open to the high of 5.36 in 73 minutes through a halt, and held most of the move into the close: it gave back 20% of it by 4:00 p.m.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:00 a.m. | First trade 20% above the previous close of 3.21 | |
| 4:42 a.m. | Pre-market high, 5.11 | |
| 4:45 a.m. | Volume since 4:00 a.m. passes the whole float, 1.39 million shares | |
| 9:30 a.m. | The open: 4.53, up 41.1% from the previous close | |
| 10:33 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 10:43 a.m. | |
| 10:43 a.m. | High of the day to the close, 5.36 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 5.19, 3.2% 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: 3.57 million shares before the 9:30 a.m. open (34%), 652,253 in the first 30 minutes (6%), and 6.33 million in the rest of the day to 8 p.m. (60%).
- Float rotation, the volume since 4 a.m. against the float of 1.39 million shares: past it once at 4:45 a.m., twice at 7:06 a.m., three times at 9:58 a.m.
- The halt at 10:33 a.m.: up 11.8% in the 5 minutes into it, reopened at 5.35, up 8.5% from the last trade before it, then down 7.3% over the next 5 minutes.
- Other days PMI met the small-cap rule in our recaps: 3, the latest on August 31, 2026.
- The next session, August 25, 2026, it was up 83.3% from its previous close at the 4:00 p.m. close.
Halts
| Halted | Resumed | Length | Reason in the feed |
|---|---|---|---|
| 10:33 a.m. | 10:43 a.m. | 10 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 PMI 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.