Hindsight Markets Small-cap stocks on August 31, 2026
TP on August 31, 2026: why it ran
On August 31, 2026, TP opened up 2.2% from the previous close of 7.83 and reached 12.25 at 3:05 p.m. ET. The exchange halted it 2 times.
- Previous close
- 7.83
- Open, 9:30 a.m.
- 8.00
- Gap at the open
- up 2.2%
- Pre-market high
- 9.00 at 6:57 a.m.
- High, 4 a.m. to 4 p.m.
- 12.25 at 3:05 p.m.
- Low, 4 a.m. to 4 p.m.
- 7.91
- After-hours high, 4 p.m. to 8 p.m.
- 10.33 at 4:01 p.m.
- Last trade before 4:00 p.m.
- 10.24
- Volume
- 241,541
- Relative volume
- 9.1x
- Float
- 1.88 million shares, from filings as of August 31, 2026
- Shares outstanding
- 12.06 million
Replay TP's day
It starts at 2:44 p.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 2:47 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
- Main move: the afternoon
- Low float
- Round-number break
- Halt run
- Halted twice
- Lower high
Before the open
TP closed the previous session, August 28, at $7.83. The float is small, 1.875 million shares. The data shows no news headline for the day.
Pre-market was very quiet. The first trade was $7.95 at 6:56 a.m. In the next minute it touched the pre-market high, $9.00 at 6:57 a.m., and closed that minute back at $7.95. Only 2,121 shares traded before the bell.
A slow morning near $8
It opened at $8.00, up 2% from the previous close. The first hour was thin. Many minutes had no trades, and some had only a handful of shares. It reached $8.67 at 9:50 and 9:51.
After that it drifted. From the open until 1:16 p.m. it traded between $8.00 and $8.95.
$9.00 and the stall under $10
At 1:17 p.m. it cleared $9.00, the pre-market high. That minute traded 4,007 shares and closed at $9.39. Four minutes later it touched $9.96 at 1:21 p.m., up 25% from the open.
It didn't hold. The candles were wild and thin. It touched $9.99 at 1:26 p.m., then dropped to $8.89 at 1:32 p.m. and came back above $9.50 within the next two minutes. For the next hour it stayed under $10, mostly between $9.50 and $9.96.
Stop It's 2:37. TP is at $10.00. Since 1:21 p.m. its high has been $9.99, and it has failed to trade above $10 for over an hour. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 2:37 p.m. ET for your call, then show what happened. The clip starts at 2:34 p.m. ET.
Here's what happened. The 2:37 minute traded 12,145 shares, more than any earlier minute of the day, and reached $10.50. It closed the minute at $10.49. It pulled back to $10.00 by 2:48 p.m. and then built higher again: $10.50 at 2:51 p.m., $11.00 at 2:58 p.m. and $11.31 at 2:59 p.m.
The halt at $11.86
The 3:00 p.m. minute ran to $11.86 on 7,396 shares. At 3:00 p.m. it was halted (a volatility pause) with the last trade at $11.86.
Stop It's 3:05. TP has been halted since 3:00 with the last trade at $11.86, up from $8.00 at the open. It's about to reopen. Would you buy the reopen?
Press play: the real Level 2, time and sales and chart stop at 3:05 p.m. ET for your call, then show what happened. The clip starts at 3:02 p.m. ET.
It reopened at 3:05 p.m. at $11.86 and hit $12.25, the high of the day, up 56% from the $7.83 previous close. Then it turned. The 3:06 p.m. minute traded 28,277 shares, the most of the day. It went from a high of $12.00 to a low of $10.45 and closed at $10.52.
The second halt
At 3:07 p.m. it was halted again (a volatility pause), with the last trade at $10.41. It reopened at 3:12 p.m. at $10.73, 3% above where it stopped. That didn't last. The 3:12 minute closed at $10.18.
Then it kept sliding. It traded near $10.00 through 3:22 p.m., then fell to $9.50 at 3:24 p.m., down 22% from the $12.25 high.
The rest of the day
It came back once more. Around 3:46 p.m. a wall of sell orders appeared at $12.00 in the combined book. At 3:50 p.m. it pushed to $10.61, a lower high under the $12.25 top. The $12.00 wall peaked at 23,764 shares at 3:58 p.m., about 1.3% of the float. The stock was at about $10.23 then, so the wall sat well above the price.
It closed at $10.24, 16% under the $12.25 high. The regular session traded 224,600 shares, about 12% of the float, at 9 times its normal volume.
After hours it slid to $8.89 at 4:18 p.m. It bounced to $10.06 at 5:20 p.m. and last traded at $9.62 at 7:50 p.m. After-hours volume was 14,820 shares.
What to take from it
- After the top, the next push stopped lower. $12.25 at 3:05 p.m., then $10.61 at 3:50 p.m.
- On this reopen, the screen price wasn't the fill price. At 3:12:17 only 17 shares were offered at $10.52, and 5,000 shares averaged $11.31.
- A quiet morning doesn't mean a quiet day. This stock traded between $8.00 and $8.95 until 1:16 p.m., then ran to $12.25 by 3:05 p.m.
Why it ran
News and SEC filings for TP published between the previous session's close and the first minute TP traded 20% above it, at 1:21 p.m. ET, newest first, from the same feeds the replay shows.
No news found before the move.
How it traded
Intraday run. It opened up 2.2% at 8.00, then ran from the open to the high of 12.25 in 335 minutes through a halt.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 6:57 a.m. | Pre-market high, 9.00 | |
| 9:30 a.m. | The open: 8.00, up 2.2% from the previous close | |
| 1:21 p.m. | First trade 20% above the previous close of 7.83 | |
| 3:00 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 3:05 p.m. | |
| 3:05 p.m. | High of the day to the close, 12.25 | |
| 3:07 p.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 3:12 p.m. | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 10.24, 16.4% 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: 2,121 shares before the 9:30 a.m. open (1%), 9,923 in the first 30 minutes (4%), and 229,497 in the rest of the day to 8 p.m. (95%).
- The halt at 3:00 p.m.: up 13.1% in the 5 minutes into it, reopened at 11.86, unchanged from the last trade before it, then down 12.2% over the next 5 minutes.
- The halt at 3:07 p.m.: down 12.2% in the 5 minutes into it, reopened at 10.73, up 3.1% from the last trade before it, then down 6.2% over the next 5 minutes.
- In our recaps, this is the only day TP met the small-cap rule.
Halts
| Halted | Resumed | Length | Reason in the feed |
|---|---|---|---|
| 3:00 p.m. | 3:05 p.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 3:07 p.m. | 3:12 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 TP on August 31, 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.