Hindsight Markets Small-cap stocks on August 28, 2026
WCT on August 28, 2026: why it ran
On August 28, 2026, WCT opened down 49.4% from the previous close of 0.7490 and reached 1.34 at 3:41 p.m. ET. The exchange halted it 3 times.
- Previous close
- 0.7490
- Open, 9:30 a.m.
- 0.3787
- Gap at the open
- down 49.4%
- Pre-market high
- 0.7653 at 4:19 a.m.
- High, 4 a.m. to 4 p.m.
- 1.34 at 3:41 p.m.
- Low, 4 a.m. to 4 p.m.
- 0.3206
- After-hours high, 4 p.m. to 8 p.m.
- 1.09 at 4:00 p.m.
- Last trade before 4:00 p.m.
- 1.08
- Volume
- 8.30 million
- Relative volume
- 12.6x
- Float
- 1.97 million shares, from filings as of August 28, 2026
- Shares outstanding
- 3.07 million
Replay WCT's day
It starts at 10:39 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 10:42 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
- Catalyst: offering
- Bid wall break
- Halted three times
- Reopened lower
- Float turned over 3.6x
The day before and the pre-market
On August 27, WCT traded between $0.59 and $0.92 and closed at $0.75, on 281,628 shares.
At 12:15 a.m. on the 28th the company filed an EFFECT notice (a registration went effective). The first trade was at 4:19 a.m., at $0.77. That was the pre-market high. By 5:59 a.m. it had slipped to $0.70. 581,664 shares traded before the bell.
8:30: the offering headline
At 8:30 a.m. GlobeNewsWire ran: “Wellchange Holdings Company Limited Announces Pricing of $7.5 Million Public Offering of its Class A Ordinary Shares.” The 8:30 minute traded as low as $0.50.
At 8:32 a.m. it hit $0.32, down 58% from the $0.77 pre-market high. The 8:33 minute was the busiest of the pre-market, with 124,813 shares. After that it drifted between about $0.32 and $0.39 until the open.
The open and the first run
It opened at $0.38, down 49% from the $0.75 previous close. The low since the open was $0.37, in the first minute.
It then worked slowly higher. At 9:52 a.m. it touched $0.63, up 66% from the open. At 9:53 a.m. it was back at $0.47, a drop of 25% in one minute. By 10:30 it was near $0.67.
At 10:50 a.m. it traded above the pre-market high of $0.77. At 10:55 it jumped to $0.92. The 10:56 minute reached $1.05 on 266,733 shares. The 10:57 minute reached $1.16 on 454,522 shares.
The bid at $1.16
At 10:57:56 a bid wall appeared at exactly $1.16: a lot of stock that someone was willing to buy at that price.
Stop It's 10:58. WCT is at $1.16, up from $0.79 at 10:55. A large bid has just appeared at exactly $1.16. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 10:58 a.m. ET for your call, then show what happened. The clip starts at 10:55 a.m. ET.
The bid peaked at 124,955 shares at 10:58:06, about 6% of the float. That same second the stock was halted (a volatility pause) with the last trade at $1.16. From $0.52 at 10:07 a.m., it had run 121% to $1.16.
It reopened at 11:03:06 at $1.17. By 11:03 a.m., counting the pre-market, more shares had traded than exist in the whole float (1.97 million). At 11:03:06, 33,190 shares traded at $1.16, and the bid was eaten at 11:03:07. Sellers hit it. One sell order of 66,728 shares went from $1.16 down to $1.02 across 15 price levels.
The second halt
An ask wall appeared at $1.02 at 11:03:08. It peaked at 192,824 shares at 11:03:18, about 10% of the float. At 11:03:22 the stock was halted again, with the last trade at $1.02. The wall was pulled at 11:05:06. Another ask wall formed at $1.17 from 11:07:37.
It reopened at 11:08:22 at $0.88, 14% below where it stopped. The first print was 58,926 shares at $0.88.
Stop It's 11:09. WCT is at $0.73, down from $1.17 six minutes ago. A big ask wall has just appeared at $0.73. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 11:09 a.m. ET for your call, then show what happened. The clip starts at 11:06 a.m. ET.
The ask wall at $0.73 peaked at 145,091 shares at 11:09:01, about 7% of the float. That same second it was halted a third time, with the last trade at $0.73.
It reopened at 11:14:01 at $0.65, 11% below where it stopped, on a 98,599-share print. The $0.73 wall was pulled at 11:14:10. A 5,000-share market buy at 11:14:02 saw $0.6765 on the screen and averaged $0.6796, $16 more.
At 11:14 a.m. it fell to $0.59, down 50% from the $1.17 reopen. Then it bounced: $0.80 at 11:15 a.m., up 35% in a minute.
It chopped between about $0.67 and $0.84 for the next 20 minutes. From $0.70 at 11:26 a.m. it ran to $0.93 at 11:37 a.m., up 33%. At 11:37:07 a buy order of 67,200 shares went through $0.8101 to $0.8115 across three levels.
The afternoon and the top near $1.35
Midday was quiet, mostly between $0.77 and $0.90. At 2:13 p.m. the company filed a 424B4 prospectus (an offering's final terms). The 2:13 minute traded around $0.87.
From $0.83 at 1:37 p.m. it ran to $1.30 at 3:39 p.m., up 57%. The 3:31 minute touched $1.00 on 97,837 shares. At 3:41 p.m. it hit just under $1.35, the high of the day, up 80% from the previous close. That minute ranged from just under $1.19 to that high and closed at $1.29.
It faded from there: $1.06 at 3:57 p.m., and $1.08 at the close.
In the regular session, 7.02 million shares traded: the float changed hands about 3.6 times. Another 695,081 traded after hours. Counting the whole day, volume was about 12.6 times normal.
What to take from it
- A halt can reopen lower than it stopped. The 11:03 halt stopped at $1.02 and reopened at $0.88. The next one stopped at $0.73 and reopened at $0.65.
- A big bid is not a floor. The 124,955-share bid at $1.16 was eaten at 11:03:07, the second after the reopen, once sellers hit it.
- Reopen fills can differ a lot. A 5,000-share buy at 11:08:23 cost $193 more than the screen showed, while one at 11:03:07 cost $10 more.
Why it ran
News and SEC filings for WCT published between the previous session's close and the first minute WCT traded 20% above it, at 10:55 a.m. ET, newest first, from the same feeds the replay shows.
-
Wellchange Holdings Company Limited Announces Pricing of $7.5 Million Public Offering of its Class A Ordinary Shares
-
News via Stock News API
How it traded
Intraday run. It opened down 49.4% at 0.3787, then ran from the open to the high of 1.34 in 371 minutes through 3 halts.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 12:15 a.m. | SEC filing EFFECT: | |
| 4:19 a.m. | Pre-market high, 0.7653 | |
| 8:30 a.m. | News (GlobeNewsWire): Wellchange Holdings Company Limited Announces Pricing of $7.5 Million Public Offering of its Class A Ordinary Shares | |
| 9:30 a.m. | The open: 0.3787, down 49.4% from the previous close | |
| 10:55 a.m. | First trade 20% above the previous close of 0.7490 | |
| 10:58 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 11:03 a.m. | |
| 11:03 a.m. | Volume since 4:00 a.m. passes the whole float, 1.97 million shares | |
| 11:03 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 11:08 a.m. | |
| 11:09 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 11:14 a.m. | |
| 3:41 p.m. | High of the day to the close, 1.34 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 1.08, 19.7% 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
- From news to the move: the first trade 20% above the previous close came 2 hours 25 minutes after the latest news item before it (GlobeNewsWire, 8:30 a.m.).
- Volume, from the one-minute bars: 581,664 shares before the 9:30 a.m. open (7%), 251,490 in the first 30 minutes (3%), and 7.47 million in the rest of the day to 8 p.m. (90%).
- Float rotation, the volume since 4 a.m. against the float of 1.97 million shares: past it once at 11:03 a.m., twice at 11:38 a.m., three times at 3:37 p.m.
- The halt at 10:58 a.m.: up 48.4% in the 5 minutes into it, reopened at 1.17, up 0.9% from the last trade before it.
- The halt at 11:03 a.m.: down 12.1% in the 5 minutes into it, reopened at 0.8800, down 13.7% from the last trade before it, then down 17.0% over the next 5 minutes.
- The halt at 11:09 a.m.: down 28.4% in the 5 minutes into it, reopened at 0.6500, down 11.0% from the last trade before it, then up 7.1% over the next 5 minutes.
- Other days WCT met the small-cap rule in our recaps: 2, the latest on September 15, 2026.
Halts
| Halted | Resumed | Length | Reason in the feed |
|---|---|---|---|
| 10:58 a.m. | 11:03 a.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 11:03 a.m. | 11:08 a.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 11:09 a.m. | 11:14 a.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 WCT on August 28, 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.