Hindsight Markets Recaps Small-cap stocks on August 14, 2026
CGTL, August 14: a gap that faded
CGTL opened up 37%, then faded below its open by the close.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $7.25, on 8.1M shares.
The open
It opened up 37%, at $5.00.
The close
It closed at $4.38, 40% under its high.
What to take from it: A big gap is not a trend. This one traded below its open by the close.
The details
How it traded, step by step
Gap and fade. It gapped up 37.0% to $5.00 at the open and traded below the open by 4:00 p.m., at $4.38.
| Time (ET) | What happened |
|---|---|
| 6:02 a.m. | First trade 20% above the previous close of $3.65 |
| 7:16 a.m. | Volume since 4:00 a.m. passes the whole float, 1.15 million shares |
| 7:35 a.m. | Pre-market high, $7.25 |
| 7:35 a.m. | High of the day to the close, $7.25 |
| 9:30 a.m. | The open: $5.00, up 37.0% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $4.38, 39.6% 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
- $3.65
- Open, 9:30 a.m.
- $5.00
- Gap at the open
- +37.0%
- Pre-market high
- $7.25 at 7:35 a.m.
- High, 4 a.m. to 4 p.m.
- $7.25 at 7:35 a.m.
- Low, 4 a.m. to 4 p.m.
- $3.75
- Close, 4 p.m.
- $4.38
- Change at 4 p.m.
- +20.0%
- After-hours high, 4 p.m. to 8 p.m.
- $4.69 at 6:00 p.m.
- Volume, 4 a.m. to 4 p.m.
- 9.24 million
- Volume after hours, 4 p.m. to 8 p.m.
- 65,545
- Relative volume by 8 p.m.
- 249.0×
- Float
- 1.15 million shares, from filings as of August 14, 2026
- Shares outstanding
- 1.72 million
- Volume, from the one-minute bars: 8.07 million shares before the 9:30 a.m. open (87%), 226,555 in the first 30 minutes (2%), and 1.01 million in the rest of the day to 8 p.m. (11%).
- Float rotation, the volume since 4 a.m. against the float of 1.15 million shares: past it once at 7:16 a.m., twice at 7:21 a.m., three times at 7:29 a.m.
- Other days CGTL met the small-cap rule in our recaps: 1, the latest on August 7, 2026.
On the day's lists: the pre-market gappers, gainers, 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 CGTL 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 CGTL on August 14, 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.