Hindsight Markets Small-cap stocks on August 27, 2026
MI on August 27, 2026: why it ran
On August 27, 2026, MI opened down 2.9% from the previous close of 2.74 and reached 2.94 at 10:21 a.m. ET. The exchange did not halt it.
- Previous close
- 2.74
- Open, 9:30 a.m.
- 2.66
- Gap at the open
- down 2.9%
- Pre-market high
- 2.75 at 5:25 a.m.
- High, 4 a.m. to 4 p.m.
- 2.94 at 10:21 a.m.
- Low, 4 a.m. to 4 p.m.
- 2.60
- After-hours high, 4 p.m. to 8 p.m.
- 3.69 at 4:26 p.m.
- Last trade before 4:00 p.m.
- 2.65
- Volume
- 774,240
- Relative volume
- 10.9x
- Float
- 510,729 shares, from filings as of August 27, 2026
- Shares outstanding
- 510,729
- Halts
- none in the halt feed
Why it ran
News and SEC filings for MI published between the previous session's close and the first minute MI traded 20% above it, at 4:25 p.m. ET, newest first, from the same feeds the replay shows.
How it traded
Intraday run. It opened down 2.9% at 2.66, then ran from the open to the high of 2.94 in 51 minutes.
| Time (ET) | What happened |
|---|---|
| 5:25 a.m. | Pre-market high, 2.75 |
| 9:30 a.m. | The open: 2.66, down 2.9% from the previous close |
| 10:21 a.m. | High of the day to the close, 2.94 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 2.65, 9.9% below the high |
| 4:10 p.m. | SEC filing SCHEDULE 13G: |
| 4:12 p.m. | SEC filing SCHEDULE 13G: |
| 4:25 p.m. | First trade 20% above the previous close of 2.74 |
| 4:31 p.m. | Volume since 4:00 a.m. passes the whole float, 510,729 shares |
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
- From news to the move: the first trade 20% above the previous close came 12 minutes after the latest SEC filing before it (SCHEDULE 13G, 4:12 p.m.).
- Volume, from the one-minute bars: 4,907 shares before the 9:30 a.m. open (1%), 3,173 in the first 30 minutes (0%), and 766,160 in the rest of the day to 8 p.m. (99%).
- Float rotation, the volume since 4 a.m. against the float of 510,729 shares: past it once at 4:31 p.m.
- Other days MI met the small-cap rule in our recaps: 4, the latest on October 9, 2026.
Halts
The exchange's halt feed shows no halts for MI 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 MI 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.