Hindsight Markets Recaps Small-cap stocks on August 18, 2026
HCWB, August 18: a run to $3.88
HCWB opened near its previous close, ran to $3.04, then fell 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 $3.88, on 544K shares.
The open
It opened near its previous close, at $2.52. It ran to $3.04 by 11:38 a.m.
The close
It closed at $2.16, 44% under its high.
What to take from it: The run did not hold: it finished below where it opened.
The details
How it traded, step by step
Intraday run and fade. It opened up 0.0% at $2.52, then ran from the open to the high of $3.04 in 128 minutes, and gave it all back: it traded at $2.16 at 4:00 p.m., below the open.
| Time (ET) | What happened |
|---|---|
| 5:20 a.m. | First trade 20% above the previous close of $2.52 |
| 5:22 a.m. | Pre-market high, $3.88 |
| 5:22 a.m. | High of the day to the close, $3.88 |
| 9:30 a.m. | The open: $2.52, up 0.0% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $2.16, 44.3% 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
- $2.52
- Open, 9:30 a.m.
- $2.52
- Gap at the open
- +0.0%
- Pre-market high
- $3.88 at 5:22 a.m.
- High, 4 a.m. to 4 p.m.
- $3.88 at 5:22 a.m.
- Low, 4 a.m. to 4 p.m.
- $2.05
- Close, 4 p.m.
- $2.16
- Change at 4 p.m.
- −14.3%
- After-hours high, 4 p.m. to 8 p.m.
- $2.39 at 4:46 p.m.
- Volume, 4 a.m. to 4 p.m.
- 711,681
- Volume after hours, 4 p.m. to 8 p.m.
- 15,008
- Relative volume by 8 p.m.
- 16.5×
- Float
- 1.66 million shares, from filings as of August 18, 2026
- Shares outstanding
- 1.84 million
- Volume, from the one-minute bars: 543,814 shares before the 9:30 a.m. open (75%), 12,896 in the first 30 minutes (2%), and 169,979 in the rest of the day to 8 p.m. (23%).
- Other days HCWB met the small-cap rule in our recaps: 2, the latest on September 24, 2026.
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 HCWB 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 HCWB on August 18, 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.