Hindsight Markets Small-cap stocks on August 28, 2026
XPON on August 28, 2026: why it ran
On August 28, 2026, XPON opened up 11.7% from the previous close of 7.97 and reached 10.77 at 10:19 a.m. ET. The exchange did not halt it.
- Previous close
- 7.97
- Open, 9:30 a.m.
- 8.90
- Gap at the open
- up 11.7%
- Pre-market high
- 9.68 at 7:00 a.m.
- High, 4 a.m. to 4 p.m.
- 10.77 at 10:19 a.m.
- Low, 4 a.m. to 4 p.m.
- 7.14
- After-hours high, 4 p.m. to 8 p.m.
- 7.73 at 4:09 p.m.
- Last trade before 4:00 p.m.
- 7.45
- Volume
- 2.77 million
- Relative volume
- 0.9x
- Float
- 924,887 shares, from filings as of August 28, 2026
- Shares outstanding
- 962,335
- Halts
- none in the halt feed
Why it ran
News and SEC filings for XPON published between the previous session's close and the first minute XPON traded 20% above it, at 7:00 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 11.7% to 8.90 at the open, ran from the open to the high of 10.77 in 49 minutes, then gave back 178% of that move by 4:00 p.m., trading at 7.45.
| Time (ET) | What happened |
|---|---|
| 7:00 a.m. | First trade 20% above the previous close of 7.97 |
| 7:00 a.m. | Pre-market high, 9.68 |
| 9:30 a.m. | The open: 8.90, up 11.7% from the previous close |
| 10:12 a.m. | Volume since 4:00 a.m. passes the whole float, 924,887 shares |
| 10:19 a.m. | High of the day to the close, 10.77 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 7.45, 30.9% 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: 427,830 shares before the 9:30 a.m. open (15%), 190,156 in the first 30 minutes (7%), and 2.15 million in the rest of the day to 8 p.m. (78%).
- Float rotation, the volume since 4 a.m. against the float of 924,887 shares: past it once at 10:12 a.m., twice at 10:28 a.m.
- Other days XPON met the small-cap rule in our recaps: 5, the latest on August 26, 2026.
Halts
The exchange's halt feed shows no halts for XPON 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 XPON 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.