Hindsight Markets Recaps Small-cap stocks on August 19, 2026
TGL, August 19: the 7:22 spike to $4.09, a 10:00 headline, and a fade
TGL opened up 12% and held near that level into the close.
What happened
The 7:22 spike
TGL closed at $2.67 on August 18, then sat quietly in the $3s before dawn.
Stop It's 7:22. TGL is at $3.46, up from $3.25 at 7:20. Would you buy here?
Press play: the real Level 2, tape and chart run from 7:19 a.m. and stop at 7:22 a.m. ET for your call.
Here's what happened. It ran to $4.09 inside that minute, the high of the day. At 7:22:57, 50,000 shares showed up for sale at $4.83, far above the top.
The fast reversal
The spike gave way within seconds. Three big sell orders swept the book within 12 seconds, starting at 7:23:20. By 7:54 it hit $2.57, below the prior close. About 2.13M shares traded before the bell, more than the 1.76M float.
The 10:00 headline
It opened at $3.00 and slipped to $2.70 by 9:40. At 10:00 a headline said the stock would trade on Binance Stocks.
Stop It's 10:05. TGL is at $2.96. The headline came out five minutes ago and the stock has crept up from $2.87. Would you buy here?
Press play: the real Level 2, tape and chart run from 10:02 a.m. and stop at 10:05 a.m. ET for your call.
Here's what happened. It pushed to $3.27 at 10:06, far under the $4.09 top. Four minutes later it was back to $3.00. It drifted near $3 the rest of the day and closed at $2.92.
What to take from it: After the 7:22 top, the headline push stopped much lower and faded.
Replay TGL's day
It starts at 7:04 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 7:07 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 and hold. It gapped up 12.4% to $3.00 at the open and held near or above it, trading at $2.99 at 4:00 p.m.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:00 a.m. | First trade 20% above the previous close of $2.67 | |
| 7:22 a.m. | Pre-market high, $4.09 | |
| 7:22 a.m. | High of the day to the close, $4.09 | |
| 7:33 a.m. | Volume since 4:00 a.m. passes the whole float, 1.76 million shares | |
| 9:30 a.m. | The open: $3.00, up 12.4% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $2.99, 26.9% 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
- $2.67
- Open, 9:30 a.m.
- $3.00
- Gap at the open
- +12.4%
- Pre-market high
- $4.09 at 7:22 a.m.
- High, 4 a.m. to 4 p.m.
- $4.09 at 7:22 a.m.
- Low, 4 a.m. to 4 p.m.
- $2.57
- Close, 4 p.m.
- $2.99
- Change at 4 p.m.
- +12.0%
- After-hours high, 4 p.m. to 8 p.m.
- $3.02 at 4:09 p.m.
- Volume, 4 a.m. to 4 p.m.
- 2.81 million
- Volume after hours, 4 p.m. to 8 p.m.
- 52,198
- Relative volume by 8 p.m.
- 19.9×
- Float
- 1.76 million shares, from filings as of August 19, 2026
- Shares outstanding
- 1.95 million
- Volume, from the one-minute bars: 2.13 million shares before the 9:30 a.m. open (75%), 92,700 in the first 30 minutes (3%), and 635,393 in the rest of the day to 8 p.m. (22%).
- Float rotation, the volume since 4 a.m. against the float of 1.76 million shares: past it once at 7:33 a.m.
- Other days TGL met the small-cap rule in our recaps: 3, the latest on October 14, 2026.
On the day's lists: the pre-market gappers, gainers. 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 TGL 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 TGL 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.