Hindsight Markets Recaps Small-cap stocks on August 11, 2026
NCRA, August 11: $4.21 at 4:03 a.m. and a close at $2.44
NCRA opened up 16% and held near that level into the close.
What happened
The 4 a.m. spike
NCRA ran before any news. From a $2.05 close, it hit $3.82 in the first minute. At 4:01 a.m. a 12K-share sell sweep knocked it to $2.99.
Stop It's 4:03 a.m. NCRA is at $3.79. It opened pre-market at $2.31 three minutes ago, the previous close was $2.05, and it traded as high as $4.16 in the last minute. Would you buy here?
Press play: the real Level 2, tape and chart run from 4:00 a.m. and stop at 4:03 a.m. ET for your call.
It ran to $4.21 at 4:03 a.m., the high of the day. By the end of that minute it was back at $3.70.
The open and close
Two headlines at 8:00 and 8:31 lifted it only to $2.27.
Stop It's 9:30. NCRA is opening at $2.38, 16% above the $2.05 close. It has climbed from $1.94 at 8:00, with two headlines out. The high so far, $4.21, came at 4:03 a.m. Would you buy the open?
Press play: the real Level 2, tape and chart run from 9:27 a.m. and stop at 9:30 a.m. ET for your call.
It slid to $2.07 by 9:34. The regular-session high was $2.49, 41% under the top. A 76K-share bid at $2.05 was pulled at 1:04 p.m. It closed at $2.44.
What to take from it: The big run came before the news, and the open never got close to it.
Replay NCRA's day
It starts at 7:42 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 7:45 a.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 and hold. It gapped up 16.1% to $2.38 at the open and held near or above it, trading at $2.44 at 4:00 p.m.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:00 a.m. | First trade 20% above the previous close of $2.05 | |
| 4:03 a.m. | Pre-market high, $4.21 | |
| 4:03 a.m. | High of the day to the close, $4.21 | |
| 4:11 a.m. | Volume since 4:00 a.m. passes the whole float, 2.11 million shares | |
| 9:30 a.m. | The open: $2.38, up 16.1% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $2.44, 42.0% 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
- $2.05
- Open, 9:30 a.m.
- $2.38
- Gap at the open
- +16.1%
- Pre-market high
- $4.21 at 4:03 a.m.
- High, 4 a.m. to 4 p.m.
- $4.21 at 4:03 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.85
- Close, 4 p.m.
- $2.44
- Change at 4 p.m.
- +19.0%
- After-hours high, 4 p.m. to 8 p.m.
- $2.46 at 4:01 p.m.
- Volume, 4 a.m. to 4 p.m.
- 7.89 million
- Volume after hours, 4 p.m. to 8 p.m.
- 81,425
- Relative volume by 8 p.m.
- 2.7×
- Float
- 2.11 million shares, from filings as of August 11, 2026
- Shares outstanding
- 2.14 million
- Volume, from the one-minute bars: 6.87 million shares before the 9:30 a.m. open (86%), 183,174 in the first 30 minutes (2%), and 919,517 in the rest of the day to 8 p.m. (12%).
- Float rotation, the volume since 4 a.m. against the float of 2.11 million shares: past it once at 4:11 a.m., twice at 4:34 a.m., three times at 8:00 a.m.
- Other days NCRA met the small-cap rule in our recaps: 1, the latest on August 31, 2026.
On the day's lists: the pre-market gappers, intraday runners. 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 (none)
The exchange's halt feed shows no halts for NCRA 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 NCRA 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.