Hindsight Markets Recaps Small-cap stocks on August 26, 2026
SBFM, August 26: a gap that held
SBFM opened up 13% and held near that level into the close.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $1.50, on 2M shares.
The open
It opened up 13%, at $1.29.
The close
It closed at $1.25, 17% under its high.
What to take from it: The gap was the move. After the open it went sideways.
The details
How it traded, step by step
Gap and hold. It gapped up 13.2% to $1.29 at the open and held near or above it, trading at $1.25 at 4:00 p.m.
| Time (ET) | What happened |
|---|---|
| 8:42 a.m. | First trade 20% above the previous close of $1.14 |
| 8:43 a.m. | Pre-market high, $1.50 |
| 8:43 a.m. | High of the day to the close, $1.50 |
| 9:30 a.m. | The open: $1.29, up 13.2% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.25, 16.7% 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
- $1.14
- Open, 9:30 a.m.
- $1.29
- Gap at the open
- +13.2%
- Pre-market high
- $1.50 at 8:43 a.m.
- High, 4 a.m. to 4 p.m.
- $1.50 at 8:43 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.02
- Close, 4 p.m.
- $1.25
- Change at 4 p.m.
- +9.6%
- After-hours high, 4 p.m. to 8 p.m.
- $1.27 at 6:50 p.m.
- Volume, 4 a.m. to 4 p.m.
- 3.18 million
- Volume after hours, 4 p.m. to 8 p.m.
- 36,984
- Relative volume by 8 p.m.
- 8.4×
- Float
- 3.88 million shares, from filings as of August 26, 2026
- Shares outstanding
- 3.88 million
- Volume, from the one-minute bars: 1.97 million shares before the 9:30 a.m. open (61%), 437,917 in the first 30 minutes (14%), and 804,966 in the rest of the day to 8 p.m. (25%).
- Other days SBFM met the small-cap rule in our recaps: 3, the latest on October 8, 2026.
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 SBFM 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 SBFM on August 26, 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.