Hindsight Markets Recaps Small-cap stocks on August 11, 2026
NAII, August 11: a run to $6.84
NAII opened down 10%, then ran to $2.37 during the session.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $6.84, on 685K shares.
The open
It opened down 10%, at $2.09. It ran to $2.37 by 11:51 a.m.
The close
It closed at $2.21, 68% under its high.
What to take from it: The move came during the session, not at the open.
The details
How it traded, step by step
Intraday run. It opened down 10.3% at $2.09, then ran from the open to the high of $2.37 in 141 minutes.
| Time (ET) | What happened |
|---|---|
| 4:32 a.m. | First trade 20% above the previous close of $2.33 |
| 4:33 a.m. | Pre-market high, $6.84 |
| 4:33 a.m. | High of the day to the close, $6.84 |
| 9:30 a.m. | The open: $2.09, down 10.3% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $2.21, 67.7% 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
- $2.33
- Open, 9:30 a.m.
- $2.09
- Gap at the open
- −10.3%
- Pre-market high
- $6.84 at 4:33 a.m.
- High, 4 a.m. to 4 p.m.
- $6.84 at 4:33 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.85
- Close, 4 p.m.
- $2.21
- Change at 4 p.m.
- −5.2%
- After-hours high, 4 p.m. to 8 p.m.
- $2.33 at 4:46 p.m.
- Volume, 4 a.m. to 4 p.m.
- 811,382
- Volume after hours, 4 p.m. to 8 p.m.
- 7,007
- Relative volume by 8 p.m.
- n/m
- Float
- 4.95 million shares, from filings as of August 11, 2026
- Shares outstanding
- 6.28 million
- Volume, from the one-minute bars: 684,707 shares before the 9:30 a.m. open (84%), 10,949 in the first 30 minutes (1%), and 122,733 in the rest of the day to 8 p.m. (15%).
- In our recaps, this is the only day NAII met the small-cap rule.
On the day's lists: the intraday runners. It is here because it met the small-cap rule on the intraday runners: 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 (none)
The exchange's halt feed shows no halts for NAII that day.
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 NAII on August 11, 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.