Hindsight Markets Beta

Hindsight Markets Recaps Small-cap stocks on August 28, 2026

IOTR, August 28: a Schedule 13D and an after-hours run to $4.20

Published · By

IOTR barely moved in the regular session after a Schedule 13D, then ran to $4.20 after the close.

SCHEDULE 13D$4.20$2.40$2.004 a.m.9:30noon4 p.m.8 p.m.
IOTR on August 28, 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

The news came first: a Schedule 13D at 5:05 p.m. Before the bell it reached $2.58, on 54 shares.

The open

It opened near its previous close, at $2.47.

The close

It closed at $2.44, 5% under its high. After the close it ran to $4.20 by 5:07 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 up 2.9% at $2.47 and traded at $2.44 at the 4:00 p.m. close, then ran 72.1% from $2.44 to $4.20 at 5:07 p.m. after the close, on 744,578 shares traded after hours.

Time (ET)What happened
8:13 a.m.Pre-market high, $2.58
8:13 a.m.High of the day to the close, $2.58
9:30 a.m.The open: $2.47, up 2.9% from the previous close
3:59 p.m.Last trade before the 4:00 p.m. close, $2.44, 5.4% below the high
5:05 p.m.SEC filing SCHEDULE 13D:
5:06 p.m.First trade 20% above the previous close of $2.40

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
$2.40
Open, 9:30 a.m.
$2.47
Gap at the open
+2.9%
Pre-market high
$2.58 at 8:13 a.m.
High, 4 a.m. to 4 p.m.
$2.58 at 8:13 a.m.
Low, 4 a.m. to 4 p.m.
$2.43
Close, 4 p.m.
$2.44
Change at 4 p.m.
+1.7%
After-hours high, 4 p.m. to 8 p.m.
$4.20 at 5:07 p.m.
Volume, 4 a.m. to 4 p.m.
10,174
Volume after hours, 4 p.m. to 8 p.m.
744,578
Relative volume by 8 p.m.
n/m
Float
2.94 million shares, from filings as of August 28, 2026
Shares outstanding
4.86 million
  • From news to the move: the first trade 20% above the previous close came less than a minute after the latest SEC filing before it (SCHEDULE 13D, 5:05 p.m.).
  • Volume, from the one-minute bars: 54 shares before the 9:30 a.m. open (0%), 169 in the first 30 minutes (0%), and 754,529 in the rest of the day to 8 p.m. (100%).
  • In our recaps, this is the only day IOTR 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 IOTR 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 IOTR on August 28, 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.

Trade this day Log in