Hindsight Markets Recaps Small-cap stocks on August 24, 2026
CIIT, August 24: an 8-K and an after-hours run to $5.50
CIIT barely moved in the regular session after an 8-K, then ran to $5.50 after the close.
What happened
Before the open
The news came first: an 8-K at 5:00 p.m. Before the bell it reached $3.50, on 468 shares.
The open
It opened near its previous close, at $3.46.
The close
It closed at $3.41, near its high. After the close it ran to $5.50 by 5:08 p.m.
What to take from it: The day's real move came after the 4 p.m. close, not in the regular session.
The details
How it traded, step by step
After-hours run. It opened down 1.1% at $3.46 and traded at $3.41 at the 4:00 p.m. close, then ran 61.3% from $3.41 to $5.50 at 5:08 p.m. after the close, on 1.75 million shares traded after hours.
| Time (ET) | What happened |
|---|---|
| 4:37 a.m. | Pre-market high, $3.50 |
| 4:37 a.m. | High of the day to the close, $3.50 |
| 9:30 a.m. | The open: $3.46, down 1.1% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $3.41, 2.6% below the high |
| 5:00 p.m. | SEC filing 8-K: CURRENT REPORT |
| 5:04 p.m. | First trade 20% above the previous close of $3.50 |
| 5:11 p.m. | Volume since 4:00 a.m. passes the whole float, 762,974 shares |
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
- $3.50
- Open, 9:30 a.m.
- $3.46
- Gap at the open
- −1.1%
- Pre-market high
- $3.50 at 4:37 a.m.
- High, 4 a.m. to 4 p.m.
- $3.50 at 4:37 a.m.
- Low, 4 a.m. to 4 p.m.
- $3.29
- Close, 4 p.m.
- $3.41
- Change at 4 p.m.
- −2.6%
- After-hours high, 4 p.m. to 8 p.m.
- $5.50 at 5:08 p.m.
- Volume, 4 a.m. to 4 p.m.
- 4,543
- Volume after hours, 4 p.m. to 8 p.m.
- 1.75 million
- Relative volume by 8 p.m.
- 42.0×
- Float
- 762,974 shares, from filings as of August 24, 2026
- Shares outstanding
- 967,391
- From news to the move: the first trade 20% above the previous close came 3 minutes after the latest SEC filing before it (8-K, 5:00 p.m.).
- Volume, from the one-minute bars: 468 shares before the 9:30 a.m. open (0%), 15 in the first 30 minutes (0%), and 1.75 million in the rest of the day to 8 p.m. (100%).
- Float rotation, the volume since 4 a.m. against the float of 762,974 shares: past it once at 5:11 p.m., twice at 6:04 p.m.
- In our recaps, this is the only day CIIT met the small-cap rule.
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 CIIT 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 CIIT on August 24, 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.