Hindsight Markets Recaps Small-cap stocks on August 21, 2026
AIAI, August 21: a Form 4 and $8.29
AIAI opened near its previous close after a Form 4, then ran to $8.29 during the session.
What happened
Before the open
The news came first: a Form 4 at 6:09 a.m. Before the bell it reached $5.50, on 596 shares.
The open
It opened near its previous close, at $4.79. It ran to $8.29 by 1:50 p.m.
The close
It closed at $6.63, 20% under its high.
What to take from it: The move came during the session, not at the open.
The details
How it traded, step by step
Intraday run. It opened up 5.7% at $4.79, then ran from the open to the high of $8.29 in 260 minutes.
| Time (ET) | What happened |
|---|---|
| 6:09 a.m. | SEC filing 4: Insider buy of 905 sh at $5.31 ($4,806) by Remy Donald Michael (Director) |
| 8:09 a.m. | First trade 20% above the previous close of $4.53 |
| 8:09 a.m. | Pre-market high, $5.50 |
| 9:30 a.m. | The open: $4.79, up 5.7% from the previous close |
| 1:50 p.m. | High of the day to the close, $8.29 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $6.63, 20.0% 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
- $4.53
- Open, 9:30 a.m.
- $4.79
- Gap at the open
- +5.7%
- Pre-market high
- $5.50 at 8:09 a.m.
- High, 4 a.m. to 4 p.m.
- $8.29 at 1:50 p.m.
- Low, 4 a.m. to 4 p.m.
- $4.53
- Close, 4 p.m.
- $6.63
- Change at 4 p.m.
- +46.4%
- After-hours high, 4 p.m. to 8 p.m.
- $6.99 at 4:35 p.m.
- Volume, 4 a.m. to 4 p.m.
- 5.58 million
- Volume after hours, 4 p.m. to 8 p.m.
- 133,153
- Relative volume by 8 p.m.
- 46.1×
- Float
- 59.88 million shares, from filings as of August 21, 2026
- Shares outstanding
- 70.66 million
- From news to the move: the first trade 20% above the previous close came 2 hours after the latest SEC filing before it (4, 6:09 a.m.).
- Volume, from the one-minute bars: 596 shares before the 9:30 a.m. open (0%), 4,121 in the first 30 minutes (0%), and 5.71 million in the rest of the day to 8 p.m. (100%).
- In our recaps, this is the only day AIAI met the small-cap rule.
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 (none)
The exchange's halt feed shows no halts for AIAI 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 AIAI on August 21, 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.