Hindsight Markets Recaps Small-cap stocks on August 25, 2026
SMTK, August 25: three halts and $5.44
SMTK opened near its previous close, then ran to $5.44 through three halts during the session.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $3.87, on 7K shares.
The open
It opened near its previous close, at $3.73. It ran to $5.44 by 9:54 a.m.
The halts
Each halt froze the price and reopened it somewhere new. The exchange halted it three times, from 9:48 a.m. to 10:04 a.m. The biggest jump was the reopen after 10:04 a.m.: 16% below the last trade before it.
The close
It closed at $3.67, 33% 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 0.3% at $3.73, then ran from the open to the high of $5.44 in 24 minutes through a halt.
| Time (ET) | What happened |
|---|---|
| 4:00 a.m. | Pre-market high, $3.87 |
| 9:30 a.m. | The open: $3.73, up 0.3% from the previous close |
| 9:43 a.m. | First trade 20% above the previous close of $3.72 |
| 9:54 a.m. | High of the day to the close, $5.44 |
| 3:48 p.m. | Volume since 4:00 a.m. passes the whole float, 564,683 shares |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $3.67, 32.5% 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
- $3.72
- Open, 9:30 a.m.
- $3.73
- Gap at the open
- +0.3%
- Pre-market high
- $3.87 at 4:00 a.m.
- High, 4 a.m. to 4 p.m.
- $5.44 at 9:54 a.m.
- Low, 4 a.m. to 4 p.m.
- $3.30
- Close, 4 p.m.
- $3.67
- Change at 4 p.m.
- −1.3%
- After-hours high, 4 p.m. to 8 p.m.
- $5.14 at 7:33 p.m.
- Volume, 4 a.m. to 4 p.m.
- 579,292
- Volume after hours, 4 p.m. to 8 p.m.
- 249,738
- Relative volume by 8 p.m.
- 12.1×
- Float
- 564,683 shares, from filings as of August 25, 2026
- Shares outstanding
- 565,275
- Volume, from the one-minute bars: 7,103 shares before the 9:30 a.m. open (1%), 281,581 in the first 30 minutes (34%), and 540,346 in the rest of the day to 8 p.m. (65%).
- Float rotation, the volume since 4 a.m. against the float of 564,683 shares: past it once at 3:48 p.m.
- Other days SMTK met the small-cap rule in our recaps: 2, the latest on October 12, 2026.
- The next session, August 26, 2026, it was up 12.4% from its previous close at the 4:00 p.m. close.
On the day's lists: the intraday runners, after-hours movers. 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 (3)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed |
|---|---|---|---|---|---|---|
| 9:48 a.m. | 9:53 a.m. | 5 min 0 s | up 12.2% | $5.20, up 3.2% | down 10.0% | LULD pause (limit up-limit down) |
| 9:54 a.m. | 10:04 a.m. | 10 min 0 s | down 7.1% | $4.40, down 6.0% | LULD pause (limit up-limit down) | |
| 10:04 a.m. | 10:19 a.m. | 15 min 1 s | down 15.4% | $3.33, down 15.9% | up 5.4% | 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 SMTK on August 25, 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.