Hindsight Markets Recaps Small-cap stocks on August 12, 2026
BQ, August 12: three halts, $2.10, and a bid at $1.50
BQ opened up 11%, ran to $2.10 through three halts, then gave back most of the run by the close.
What happened
Under the morning high
No headline came. BQ hit $1.30 at 5:37 a.m. By 10:50 it sat just under that high.
Stop It's 10:50. BQ is at $1.23. The pre-market high of $1.30 from 5:37 a.m. is just above. Would you buy the break?
Press play: the real Level 2, tape and chart run from 10:47 a.m. and stop at 10:50 a.m. ET for your call.
It broke out. Halt #1 froze it at $1.47 at 10:51:06.
Stop It's 10:56. BQ has been halted since 10:51 with its last trade at $1.47. An ask wall at $1.47 peaked at 117,078 shares at 10:52:31, and the halt is due to end. Would you buy the reopen?
Press play: the real Level 2, tape and chart run from 10:53 a.m. and stop at 10:56 a.m. ET for your call.
Three halts
It reopened at 10:56:06, and buyers ate the wall in under a second. Two halts later, it hit $2.10 at 11:12.
The bid at $1.50
From 11:25 a bid of up to 161K shares sat at $1.50.
Stop It's 11:29. BQ is at $1.62, down from the $2.10 high. A bid for as many as 160,623 shares has been sitting at $1.50 since 11:25. Would you buy here?
Press play: the real Level 2, tape and chart run from 11:26 a.m. and stop at 11:29 a.m. ET for your call.
At 11:30:22 sellers hit it. 74K shares traded there in under a second, and the bid was gone. BQ closed at $1.22.
What to take from it: A big bid is not a floor: the $1.50 bid vanished in a second.
Replay BQ's day
It starts at 10:40 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 10:43 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, run, gave some back. It gapped up 11.2% to $0.8975 at the open, ran from the open to the high of $2.10 in 102 minutes through 3 halts, then gave back 73% of that move by 4:00 p.m., trading at $1.22, still above the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:57 a.m. | First trade 20% above the previous close of $0.807 | |
| 5:36 a.m. | Volume since 4:00 a.m. passes the whole float, 4.29 million shares | |
| 5:37 a.m. | Pre-market high, $1.30 | |
| 9:30 a.m. | The open: $0.8975, up 11.2% from the previous close | |
| 11:12 a.m. | High of the day to the close, $2.10 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.22, 41.9% 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
- $0.807
- Open, 9:30 a.m.
- $0.8975
- Gap at the open
- +11.2%
- Pre-market high
- $1.30 at 5:37 a.m.
- High, 4 a.m. to 4 p.m.
- $2.10 at 11:12 a.m.
- Low, 4 a.m. to 4 p.m.
- $0.7456
- Close, 4 p.m.
- $1.22
- Change at 4 p.m.
- +51.2%
- After-hours high, 4 p.m. to 8 p.m.
- $1.42 at 4:08 p.m.
- Volume, 4 a.m. to 4 p.m.
- 40.64 million
- Volume after hours, 4 p.m. to 8 p.m.
- 782,655
- Relative volume by 8 p.m.
- 1152.0×
- Float
- 4.29 million shares, from filings as of August 12, 2026
- Shares outstanding
- 4.88 million
- Volume, from the one-minute bars: 14.18 million shares before the 9:30 a.m. open (34%), 333,915 in the first 30 minutes (1%), and 26.91 million in the rest of the day to 8 p.m. (65%).
- Float rotation, the volume since 4 a.m. against the float of 4.29 million shares: past it once at 5:36 a.m., twice at 5:53 a.m., three times at 7:19 a.m.
- In our recaps, this is the only day BQ met the small-cap rule.
On the day's lists: the intraday runners. It is here because it was in play on the intraday runners: up 30% or more on $3 million or more really traded, outside the small-cap rule's price, relative volume or float, its high reached $1 or more and it started the day at $20 or under (the rule every page uses).
Halts (3)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed | Watch it |
|---|---|---|---|---|---|---|---|
| 10:51 a.m. | 10:56 a.m. | 5 min 0 s | up 18.5% | $1.47, unchanged | LULD pause (limit up-limit down) | ||
| 10:56 a.m. | 11:01 a.m. | 5 min 0 s | up 17.0% | $1.77, up 2.9% | down 15.8% | LULD pause (limit up-limit down) | |
| 11:06 a.m. | 11:11 a.m. | 5 min 0 s | up 10.6% | $1.79, up 0.6% | up 6.7% | 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 BQ on August 12, 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.