Hindsight Markets Recaps Small-cap stocks on August 12, 2026
VBIO, August 12: a 9:29 headline, nine halts, and $1.30
VBIO opened up 11% after news, ran to $1.30 through nine halts, then fell below its open by the close.
News via Stock News API
What happened
A headline, then a run
A 9:29 headline about government-funded radiation studies lit up a quiet stock. It opened at $0.34 and broke $0.50 at 9:34. Halts came fast after that.
The top at $1.30
It hit $1.30 in the 9:56 minute and was halted at 9:56:54. It reopened 12% lower at 10:01:54.
Two bids that broke
The bounces faded. It fell to $0.34 by 10:56. From 11:00 a big bid sat at $0.35.
Stop It's 11:06. VBIO is at $0.35. Since 11:00 a bid has sat at exactly $0.35, peaking near 333,000 shares. The stock was at $0.39 a few minutes ago. Would you buy here?
Press play: the real Level 2, tape and chart run from 11:03 a.m. and stop at 11:06 a.m. ET for your call.
Sellers ate it. In 1.8 seconds the bid was gone. A minute later it was $0.305.
Stop It's 12:28. VBIO is at $0.25. A bid has sat at $0.25 since 11:27, peaking near 290,000 shares. It has traded between about $0.25 and $0.27 for most of the last hour. Would you buy here?
Press play: the real Level 2, tape and chart run from 12:25 p.m. and stop at 12:28 p.m. ET for your call.
At 12:28:27 sellers hit it again. The $0.25 bid was eaten, and the stock was at $0.24 a minute later.
The close
It closed at $0.22, 83% below the high.
What to take from it: Big bids broke instead of holding, and each time the stock kept falling.
Replay VBIO's day
It starts at 9:27 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 9:30 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 and fade. It gapped up 11.1% to $0.3443 at the open, ran from the open to the high of $1.30 in 26 minutes through two halts, then gave back 113% of that move by 4:00 p.m., trading at $0.2212, below the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 9:14 a.m. | Pre-market high, $0.341 | |
| 9:29 a.m. | News (Accesswire): Valion Bio Announces U.S. Government-Funded Entolimod Studies Targeting Lethal Radiation-Induced GI Injury | |
| 9:30 a.m. | The open: $0.3443, up 11.1% from the previous close | |
| 9:31 a.m. | First trade 20% above the previous close of $0.31 | |
| 9:56 a.m. | High of the day to the close, $1.30 | |
| 10:02 a.m. | Volume since 4:00 a.m. passes the whole float, 4.37 million shares | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $0.2212, 83.0% 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
- $0.31
- Open, 9:30 a.m.
- $0.3443
- Gap at the open
- +11.1%
- Pre-market high
- $0.341 at 9:14 a.m.
- High, 4 a.m. to 4 p.m.
- $1.30 at 9:56 a.m.
- Low, 4 a.m. to 4 p.m.
- $0.20
- Close, 4 p.m.
- $0.2212
- Change at 4 p.m.
- −28.6%
- After-hours high, 4 p.m. to 8 p.m.
- $0.255 at 4:18 p.m.
- Volume, 4 a.m. to 4 p.m.
- 62.95 million
- Volume after hours, 4 p.m. to 8 p.m.
- 6.23 million
- Relative volume by 8 p.m.
- 170.4×
- Float
- 4.37 million shares, from filings as of August 12, 2026
- Shares outstanding
- 4.41 million
- From news to the move: the first trade 20% above the previous close came 2 minutes after the latest news item before it (Accesswire, 9:29 a.m.).
- Volume, from the one-minute bars: 39,148 shares before the 9:30 a.m. open (0%), 3.65 million in the first 30 minutes (5%), and 65.49 million in the rest of the day to 8 p.m. (95%).
- Float rotation, the volume since 4 a.m. against the float of 4.37 million shares: past it once at 10:02 a.m., twice at 10:21 a.m., three times at 10:37 a.m.
- Other days VBIO met the small-cap rule in our recaps: 5, the latest on October 26, 2026.
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 (9)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed | Watch it |
|---|---|---|---|---|---|---|---|
| 9:35 a.m. | 9:45 a.m. | 10 min 0 s | up 51.3% | $0.72, up 30.9% | LULD pause (limit up-limit down) | ||
| 9:45 a.m. | 9:55 a.m. | 10 min 0 s | up 58.2% | $1.17, up 34.5% | up 11.1% | LULD pause (limit up-limit down) | |
| 9:56 a.m. | 10:01 a.m. | 5 min 0 s | up 49.4% | $1.15, down 11.5% | down 13.0% | LULD pause (limit up-limit down) | |
| 10:02 a.m. | 10:07 a.m. | 5 min 0 s | down 23.1% | $1.02, up 2.0% | LULD pause (limit up-limit down) | ||
| 10:07 a.m. | 10:12 a.m. | 5 min 0 s | up 17.0% | $1.12, down 4.3% | down 13.4% | LULD pause (limit up-limit down) | |
| 10:13 a.m. | 10:18 a.m. | 5 min 0 s | down 17.1% | $0.95, down 2.1% | up 5.3% | LULD pause (limit up-limit down) | |
| 10:22 a.m. | 10:27 a.m. | 5 min 0 s | up 3.1% | $1.09, up 9.0% | down 13.8% | LULD pause (limit up-limit down) | |
| 10:28 a.m. | 10:33 a.m. | 5 min 0 s | down 6.0% | $0.9999, up 6.4% | down 5.0% | LULD pause (limit up-limit down) | |
| 10:41 a.m. | 10:46 a.m. | 5 min 0 s | down 26.0% | $0.7061, down 0.5% | down 26.7% | 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 VBIO 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.