Hindsight Markets Recaps Small-cap stocks on August 6, 2026
FVN, August 6: 11 halts, $17.04 and $8.55
FVN opened up 34%, ran to $17.04 through eleven halts, then fell below its open by the close.
What happened
No news, a big open
No headline came with this move. FVN opened at $14.22, up 34%, and was halted at 9:37:37 at $16.03.
Stop It's 9:47. FVN was halted at 9:37 with the last trade at $16.03. It opened the day at $14.22. Trading is about to resume. Would you buy the reopen?
Press play: the real Level 2, tape and chart run from 9:44 a.m. and stop at 9:47 a.m. ET for your call.
It reopened at $16.93 and hit $17.04, the day's high, that minute. The minute closed at $15.24.
The slide to halt four
By 10:58 it was down to $10.11. Halt #4 came at 11:07:17 at $9.15.
Stop It's 11:17. FVN's last trade was $9.15, down from $17.04, and it has been halted since 11:07. The pause ends in seconds. Would you buy the reopen?
Press play: the real Level 2, tape and chart run from 11:14 a.m. and stop at 11:17 a.m. ET for your call.
It reopened and fell to $8.55, the day's low, then was halted again.
Big prints at noon
Stop It's 12:08. FVN is at $11.79. For the last few minutes it has traded tens or hundreds of shares a minute. Would you buy here?
Press play: the real Level 2, tape and chart run from 12:05 p.m. and stop at 12:08 p.m. ET for your call.
That minute traded 6,441 shares. Three single trades of about 17K to 20K shares then printed at $12.50. By 12:17 it was down to $11.08.
What to take from it: On FVN, the price on screen at a reopen was far below what a real buy paid.
Replay FVN's day
It starts at 3:43 p.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 3:46 p.m. and asks what you would do. Or press Play on any moment in How it traded.
The details
How it traded, step by step
Gap, run and fade. It gapped up 34.0% to $14.22 at the open, ran from the open to the high of $17.04 in 17 minutes through a halt, then gave back 240% of that move by 4:00 p.m., trading at $10.26, below the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 5:18 a.m. | First trade 20% above the previous close of $10.61 | |
| 9:08 a.m. | Pre-market high, $17.02 | |
| 9:30 a.m. | The open: $14.22, up 34.0% from the previous close | |
| 9:47 a.m. | High of the day to the close, $17.04 | |
| 3:55 p.m. | Last trade before the 4:00 p.m. close, $10.26, 39.8% below the high |
The shape's name comes from a fixed rule, not a judgement (how shapes are named). Halts are in the halt table below.
The day in numbers
- Previous close
- $10.61
- Open, 9:30 a.m.
- $14.22
- Gap at the open
- +34.0%
- Pre-market high
- $17.02 at 9:08 a.m.
- High, 4 a.m. to 4 p.m.
- $17.04 at 9:47 a.m.
- Low, 4 a.m. to 4 p.m.
- $8.55
- Close, 4 p.m.
- $10.26
- Change at 4 p.m.
- −3.3%
- After-hours high, 4 p.m. to 8 p.m.
- $12.09 at 4:00 p.m.
- Volume, 4 a.m. to 4 p.m.
- 319,618
- Volume after hours, 4 p.m. to 8 p.m.
- 4,730
- Relative volume by 8 p.m.
- 20.3×
- Float
- 5.80 million shares, from filings as of August 6, 2026
- Shares outstanding
- 7.54 million
- Volume, from the one-minute bars: 103,970 shares before the 9:30 a.m. open (32%), 24,754 in the first 30 minutes (8%), and 195,624 in the rest of the day to 8 p.m. (60%).
- Other days FVN met the small-cap rule in our recaps: 3, the latest on August 27, 2026.
On the day's lists: the pre-market gappers, intraday runners, after-hours movers. It is here because it met the small-cap rule on the pre-market gappers: price $2 to $20, up 10% or more, relative volume 5× or more, float under 20 million shares, its high reached $1 or more and it started the day at $20 or under (the rule every page uses).
Halts (11)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed | Watch it |
|---|---|---|---|---|---|---|---|
| 9:37 a.m. | 9:47 a.m. | 10 min 0 s | up 14.1% | $16.93, up 5.6% | down 18.4% | LULD pause (limit up-limit down) | |
| 9:51 a.m. | 10:01 a.m. | 10 min 0 s | down 13.8% | $13.00, down 5.9% | up 12.8% | LULD pause (limit up-limit down) | |
| 10:02 a.m. | 10:07 a.m. | 5 min 0 s | up 6.2% | $15.00, up 2.2% | down 5.7% | LULD pause (limit up-limit down) | |
| 11:07 a.m. | 11:17 a.m. | 10 min 0 s | down 12.9% | $8.55, down 6.6% | LULD pause (limit up-limit down) | ||
| 11:17 a.m. | 11:22 a.m. | 5 min 0 s | up 2.8% | $9.20, down 2.2% | LULD pause (limit up-limit down) | ||
| 11:23 a.m. | 11:28 a.m. | 5 min 0 s | up 7.5% | $9.99, down 1.3% | up 6.1% | LULD pause (limit up-limit down) | |
| 11:34 a.m. | 11:39 a.m. | 5 min 0 s | up 13.8% | $12.00, up 5.7% | down 3.7% | LULD pause (limit up-limit down) | |
| 11:40 a.m. | 11:50 a.m. | 10 min 0 s | up 1.8% | $10.10, down 12.6% | up 10.8% | LULD pause (limit up-limit down) | |
| 12:01 p.m. | 12:06 p.m. | 5 min 0 s | up 10.4% | $12.01, down 2.0% | up 2.7% | LULD pause (limit up-limit down) | |
| 12:29 p.m. | 12:34 p.m. | 5 min 0 s | up 2.4% | $12.68, up 3.6% | LULD pause (limit up-limit down) | ||
| 3:55 p.m. | 4:00 p.m. | 4 min 7 s | up 8.0% | $11.29, up 10.0% | down 16.1% | LULD pause (limit up-limit down) |
Halt bands that day: the LULD plan's Amendment 18 rules (what that means, LULD calculator).
How we read the data, name a day's shape and pick the stocks: methodology.
Trade this day
Replay FVN on August 6, 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.