Hindsight Markets Small-cap stocks on August 27, 2026
BRNX on August 27, 2026: why it ran
On August 27, 2026, BRNX opened up 10.4% from the previous close of 6.24 and reached 10.35 at 11:59 a.m. ET. The exchange halted it 12 times.
- Previous close
- 6.24
- Open, 9:30 a.m.
- 6.89
- Gap at the open
- up 10.4%
- Pre-market high
- 9.67 at 7:43 a.m.
- High, 4 a.m. to 4 p.m.
- 10.35 at 11:59 a.m.
- Low, 4 a.m. to 4 p.m.
- 3.26
- After-hours high, 4 p.m. to 8 p.m.
- 4.30 at 5:47 p.m.
- Last trade before 4:00 p.m.
- 3.81
- Volume
- 5.37 million
- Relative volume
- 14.7x
- Float
- 436,783 shares, from filings as of August 27, 2026
- Shares outstanding
- 436,783
- Halts
- 12
Replay BRNX's day
It starts at 1:13 p.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 1:16 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
- Gap, run and fade
- Halted 12 times
- Float traded 12x
- Wall break
- Lower high
Pre-market: the float traded by 7:43 a.m.
The first trades on the 27th were at $6.69, already above the $6.24 close. For the next three and a half hours it stayed between roughly $6.70 and $7.50 on thin volume.
Then at 7:42 a.m. the volume arrived. By 7:43 a.m., more shares had traded than exist in the whole float (436,783). The pre-market high was $9.67 at 7:43 a.m.
It did not hold. It fell to $6.28 at 7:58 a.m., down 35% from $9.67. From $6.41 at 8:04 a.m. it ran back to $7.89 at 8:26 a.m., up 23%. 1.84 million shares traded before the bell.
The open and the climb
It opened at $6.89, up 10% from the previous close. For the next two hours it mostly traded between $6.80 and $7.80.
The climb began just before 11 a.m. From $7.15 at 10:53 a.m. it worked up to $7.79 by 11:06. At 11:36 it started again. At 11:39 one buy order of 10,916 shares swept from $8.18 to $8.67 across 33 price levels.
Stop It's 11:50. BRNX is at $8.60. It was $7.28 an hour ago and has been climbing since 11:36. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 11:50 a.m. ET for your call, then show what happened. The clip starts at 11:47 a.m. ET.
The 11:51 minute traded 69,651 shares and ran to $9.64. At 11:52:06 it was halted (a volatility pause) with the last trade at $9.64.
The top at $10.35
It reopened at 11:57:06 at $9.64, with a 38,390-share print at that price. In the same minute it reached $10.30. At 11:59 a.m. it hit $10.35, the high so far, up 66% from the previous close.
At 12:00:09 p.m. it was halted again, with the last trade at $8.87. It reopened at 12:05:09 at $8.88.
It bounced to $9.66 at 12:10, then slid. At 12:14:56 it was halted a third time, with the last trade at $8.27. It reopened at 12:19:56 at $8.30. Then it fell to $7.82 at 12:25 p.m., down 24% from $10.35.
A lower high, then the slide
It came back once more. At 12:30 p.m. it pushed to $8.80, a lower high under both the $10.35 top and the $9.66 bounce at 12:10. It held mostly between $8.20 and $8.65 for the next half hour, then broke down after 1 p.m.
Halted 4 times between 1:17 p.m. and 1:43 p.m. on the way down. The first three reopened lower each time, at $6.29, $5.06 and $4.00; the fourth pause began at 1:43:51 p.m.
The Level 2 book shows the ask walls that appeared during this slide. An ask wall at $5.49 peaked at 30,240 shares. One at $4.55 peaked at 66,913 shares, 15.3% of the float. One at $4.41 peaked at 57,272. The $5.49 and $4.55 walls were pulled, not eaten.
The wall at $3.49
From 1:43 p.m. on, a lot of stock was offered at exactly $3.49. It peaked at 50,038 shares at 1:47 p.m., 11.5% of the float. A 50,106-share bid wall also sat at $3.02, below the price.
Stop It's 1:48. BRNX is halted for the fourth time since 1:17, with the last trade at $3.60, and is due back in under a minute. About 50,000 shares are offered at $3.49. Would you buy the reopen?
Press play: the real Level 2, time and sales and chart stop at 1:48 p.m. ET for your call, then show what happened. The clip starts at 1:45 p.m. ET.
At 1:48:51 p.m. the reopen printed 29,067 shares at $3.49. In 1.2 seconds, 31,080 shares traded at exactly $3.49 and the wall was gone. It wasn't pulled. Buyers ate it. One buy order of 30,434 shares swept from $3.49 to $3.84 across 20 levels. A sell order of 13,527 shares followed a second later, from $3.84 to $3.65.
At 1:49 p.m. it was halted (a volatility pause) with the last trade at $3.84. It reopened at 1:59 p.m. at $4.34, 13% above where it stopped.
The $4.34 reopen did not last. By 2:04 it was $3.91. Halted 4 times between 2:05 p.m. and 2:28 p.m., it reopened at $3.91, $3.72, $3.49 and $4.00. By 2:11 p.m. the day's volume was ten times the float.
The close and after hours
From 2:45 p.m. it settled into a narrow range, mostly $3.80 to $4.10. It closed at $3.81, 63% under the $10.35 high of the day.
The regular session traded 2.99 million shares, about 7 times the float. With 1.84 million pre-market and 533,300 after hours, 5.37 million shares traded in the day, about 12 times the float, at 14.7 times its normal volume, and it was halted 12 times.
After hours it dropped to $3.08 at 4:17 p.m. Then it ran to $4.30 by 5:47 p.m., up 40%. It then slid back, and the last trade of the evening was $3.49 at 7:59 p.m.
What to take from it
- All of the move was gone by the close. It closed at $3.81, 63% below the $10.35 high.
- Chasing a halt reopen costs more than the screen says. On the 12:05 p.m. reopen, a 5,000-share buy averaged $2,214 over the screen price.
- After the top, the next push stopped lower. $10.35 at 11:59 a.m., then $8.80 at 12:30 p.m.
Why it ran
News and SEC filings for BRNX published between the previous session's close and the first minute BRNX traded 20% above it, at 6:22 a.m. ET, newest first, from the same feeds the replay shows.
No news found before the move.
How it traded
Gap, run and fade. It gapped up 10.4% to 6.89 at the open, ran from the open to the high of 10.35 in 149 minutes through a halt, then gave back 189% of that move by 4:00 p.m., trading at 3.81.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 6:22 a.m. | First trade 20% above the previous close of 6.24 | |
| 7:43 a.m. | Pre-market high, 9.67 | |
| 7:43 a.m. | Volume since 4:00 a.m. passes the whole float, 436,783 shares | |
| 9:30 a.m. | The open: 6.89, up 10.4% from the previous close | |
| 11:52 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 11:57 a.m. | |
| 11:59 a.m. | High of the day to the close, 10.35 | |
| 12:00 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 12:05 p.m. | |
| 12:14 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 12:19 p.m. | |
| 1:17 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 1:22 p.m. | |
| 1:23 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 1:33 p.m. | |
| 1:33 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 1:43 p.m. | |
| 1:43 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 1:48 p.m. | |
| 1:49 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 1:59 p.m. | |
| 2:05 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 2:10 p.m. | |
| 2:12 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 2:17 p.m. | |
| 2:18 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 2:23 p.m. | |
| 2:28 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 2:33 p.m. | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 3.81, 63.2% 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: 1.84 million shares before the 9:30 a.m. open (34%), 96,841 in the first 30 minutes (2%), and 3.43 million in the rest of the day to 8 p.m. (64%).
- Float rotation, the volume since 4 a.m. against the float of 436,783 shares: past it once at 7:43 a.m., twice at 7:46 a.m., three times at 7:58 a.m.
- The halt at 11:52 a.m.: up 15.6% in the 5 minutes into it, reopened at 9.64, unchanged from the last trade before it, then down 8.0% over the next 5 minutes.
- The halt at 12:00 p.m.: down 8.0% in the 5 minutes into it, reopened at 8.88, up 0.1% from the last trade before it, then up 3.6% over the next 5 minutes.
- The halt at 12:14 p.m.: down 10.1% in the 5 minutes into it, reopened at 8.30, up 0.4% from the last trade before it, then up 2.9% over the next 5 minutes.
- The halt at 1:17 p.m.: down 12.7% in the 5 minutes into it, reopened at 6.29, down 0.5% from the last trade before it, then down 10.0% over the next 5 minutes.
- The halt at 1:23 p.m.: down 10.4% in the 5 minutes into it, reopened at 5.06, down 10.6% from the last trade before it.
- The halt at 1:33 p.m.: down 19.6% in the 5 minutes into it, reopened at 4.00, down 12.1% from the last trade before it.
- The halt at 1:43 p.m.: down 20.9% in the 5 minutes into it, reopened at 3.49, down 3.1% from the last trade before it, then up 10.0% over the next 5 minutes.
- The halt at 1:49 p.m.: up 6.7% in the 5 minutes into it, reopened at 4.34, up 13.0% from the last trade before it, then down 8.1% over the next 5 minutes.
- The halt at 2:05 p.m.: down 10.9% in the 5 minutes into it, reopened at 3.91, unchanged from the last trade before it, then down 5.4% over the next 5 minutes.
- The halt at 2:12 p.m.: down 5.4% in the 5 minutes into it, reopened at 3.72, up 0.5% from the last trade before it, then down 6.2% over the next 5 minutes.
- The halt at 2:18 p.m.: down 5.7% in the 5 minutes into it, reopened at 3.49, unchanged from the last trade before it, then up 13.2% over the next 5 minutes.
- The halt at 2:28 p.m.: up 20.2% in the 5 minutes into it, reopened at 4.00, up 0.3% from the last trade before it, then up 1.0% over the next 5 minutes.
- Other days BRNX met the small-cap rule in our recaps: 5, the latest on August 26, 2026.
Halts
| Halted | Resumed | Length | Reason in the feed |
|---|---|---|---|
| 11:52 a.m. | 11:57 a.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 12:00 p.m. | 12:05 p.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 12:14 p.m. | 12:19 p.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 1:17 p.m. | 1:22 p.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 1:23 p.m. | 1:33 p.m. | 10 min 2 s | LULD pause (limit up-limit down) |
| 1:33 p.m. | 1:43 p.m. | 10 min 1 s | LULD pause (limit up-limit down) |
| 1:43 p.m. | 1:48 p.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 1:49 p.m. | 1:59 p.m. | 10 min 1 s | LULD pause (limit up-limit down) |
| 2:05 p.m. | 2:10 p.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 2:12 p.m. | 2:17 p.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 2:18 p.m. | 2:23 p.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 2:28 p.m. | 2:33 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 BRNX on August 27, 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.