Hindsight Markets Recaps Small-cap stocks on August 19, 2026
CISS, August 19: a thin float, a volatility halt, and $4.90
CISS opened near its previous close, then ran to $4.90 through two halts during the session.
What happened
The run into the halt
No news came out until after the close. It opened at $2.79 and hit $4.13 at 9:51. By then more shares had traded than its 327K-share float.
At 9:52:06 a volatility pause froze it at $4.13.
Stop It's 9:57. CISS has been halted since 9:52 with the last trade at $4.13. The float is only 327,048 shares and more than that has already traded today. Trading is about to resume. Would you buy the reopen?
Press play: the real Level 2, tape and chart run from 9:54 a.m. and stop at 9:57 a.m. ET for your call.
It reopened at 9:57:06 at $3.96, below the halt price. By 9:58 it had dropped to $3.20.
The top
The bounce made the day's high: $4.90 at 10:02. A 28K-share ask wall then sat at $4.96, and the next push stopped at $4.44.
Bids that left
Big bids under the price did not hold. A 22K-share bid at $2.72 was pulled at 11:21:53. The stock later hit its low, $2.56. The last regular bar closed near $3.21.
What to take from it: On this day the halt reopened below where it stopped, and the big bids under the price were pulled.
Replay CISS's day
It starts at 9:44 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 9:47 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
Intraday run. It opened up 1.8% at $2.79, then ran from the open to the high of $4.90 in 32 minutes through a halt.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 9:02 a.m. | First trade 20% above the previous close of $2.74 | |
| 9:02 a.m. | Pre-market high, $3.29 | |
| 9:30 a.m. | The open: $2.79, up 1.8% from the previous close | |
| 9:51 a.m. | Volume since 4:00 a.m. passes the whole float, 327,048 shares | |
| 10:02 a.m. | High of the day to the close, $4.90 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $3.21, 34.4% 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
- $2.74
- Open, 9:30 a.m.
- $2.79
- Gap at the open
- +1.8%
- Pre-market high
- $3.29 at 9:02 a.m.
- High, 4 a.m. to 4 p.m.
- $4.90 at 10:02 a.m.
- Low, 4 a.m. to 4 p.m.
- $2.56
- Close, 4 p.m.
- $3.21
- Change at 4 p.m.
- +17.3%
- After-hours high, 4 p.m. to 8 p.m.
- $3.47 at 5:45 p.m.
- Volume, 4 a.m. to 4 p.m.
- 2.84 million
- Volume after hours, 4 p.m. to 8 p.m.
- 117,938
- Relative volume by 8 p.m.
- 3.5×
- Float
- 327,048 shares, from filings as of August 19, 2026
- Shares outstanding
- 327,065
- Volume, from the one-minute bars: 77,677 shares before the 9:30 a.m. open (3%), 644,127 in the first 30 minutes (22%), and 2.23 million in the rest of the day to 8 p.m. (76%).
- Float rotation, the volume since 4 a.m. against the float of 327,048 shares: past it once at 9:51 a.m., twice at 9:58 a.m., three times at 10:02 a.m.
- Other days CISS met the small-cap rule in our recaps: 2, the latest on September 21, 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 (2)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed | Watch it |
|---|---|---|---|---|---|---|---|
| 3:04 a.m. | 9:00 a.m. | 355 min 7 s | $2.86 | down 3.8% | No reason given in the feed | ||
| 9:52 a.m. | 9:57 a.m. | 5 min 0 s | up 27.5% | $3.96, down 4.1% | up 6.8% | 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 CISS on August 19, 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.