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Hindsight Markets Recaps Small-cap stocks on August 25, 2026

XPON, August 25: an after-hours run to $8.62

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XPON barely moved in the regular session, then ran to $8.62 after the close.

$8.62$6.07$4.524 a.m.9:30noon4 p.m.8 p.m.
XPON on August 25, 2026, one-minute bars, New York time. Bands: halts. Flags: the news or filing before the move. Dotted line: the previous close. Shaded: before the 9:30 a.m. open and after the 4:00 p.m. close.

What happened

Before the open

We found no news or filing before the move. Before the bell it reached $5.40, on 163K shares.

The open

It opened down 11%, at $5.43.

The close

It closed at $5.30, near its high. After the close it ran to $8.62 by 4:21 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 10.5% at $5.43 and traded at $5.30 at the 4:00 p.m. close, then ran 62.6% from $5.30 to $8.62 at 4:21 p.m. after the close, on 4.25 million shares traded after hours.

Time (ET)What happened
9:28 a.m.Pre-market high, $5.40
9:30 a.m.The open: $5.43, down 10.5% from the previous close
3:58 p.m.High of the day to the close, $5.50
3:59 p.m.Last trade before the 4:00 p.m. close, $5.30, 3.6% below the high
4:04 p.m.Volume since 4:00 a.m. passes the whole float, 924,887 shares
4:05 p.m.First trade 20% above the previous close of $6.07

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
$6.07
Open, 9:30 a.m.
$5.43
Gap at the open
−10.5%
Pre-market high
$5.40 at 9:28 a.m.
High, 4 a.m. to 4 p.m.
$5.50 at 3:58 p.m.
Low, 4 a.m. to 4 p.m.
$4.52
Close, 4 p.m.
$5.30
Change at 4 p.m.
−12.7%
After-hours high, 4 p.m. to 8 p.m.
$8.62 at 4:21 p.m.
Volume, 4 a.m. to 4 p.m.
522,056
Volume after hours, 4 p.m. to 8 p.m.
4.25 million
Relative volume by 8 p.m.
2.1×
Float
924,887 shares, from filings as of August 25, 2026
Shares outstanding
962,335
  • Volume, from the one-minute bars: 163,438 shares before the 9:30 a.m. open (3%), 77,621 in the first 30 minutes (2%), and 4.53 million in the rest of the day to 8 p.m. (95%).
  • Float rotation, the volume since 4 a.m. against the float of 924,887 shares: past it once at 4:04 p.m., twice at 4:09 p.m., three times at 4:21 p.m.
  • Other days XPON met the small-cap rule in our recaps: 5, the latest on August 28, 2026.
  • The next session, August 26, 2026, it was up 72.7% from its previous close at the 4:00 p.m. close.

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 XPON 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 XPON 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.

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