Hindsight Markets Recaps Small-cap stocks on August 31, 2026
CVKD, August 31: an 8-K and $2.29
CVKD opened near its previous close after an 8-K, then ran to $2.29 during the session.
News via Stock News API
What happened
Before the open
The news came first: an 8-K at 8:29 a.m. Before the bell it reached $1.78, on 102K shares.
The open
It opened near its previous close, at $1.64. It ran to $2.29 by 11:56 a.m.
The close
It closed at $1.74, 24% 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 6.5% at $1.64, then ran from the open to the high of $2.29 in 146 minutes.
| Time (ET) | What happened |
|---|---|
| 8:00 a.m. | News (GlobeNewsWire): Cadrenal Therapeutics Announces Positive Outcome from FDA Type D Meeting for Phase 3 Registration Study of CAD-1005 in Heparin-Induced Thrombocytopenia |
| 8:11 a.m. | Pre-market high, $1.78 |
| 8:29 a.m. | SEC filing 8-K: CURRENT REPORT. |
| 9:30 a.m. | The open: $1.64, up 6.5% from the previous close |
| 11:47 a.m. | First trade 20% above the previous close of $1.54 |
| 11:56 a.m. | High of the day to the close, $2.29 |
| 12:00 p.m. | Volume since 4:00 a.m. passes the whole float, 3.21 million shares |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.74, 24.0% 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
- $1.54
- Open, 9:30 a.m.
- $1.64
- Gap at the open
- +6.5%
- Pre-market high
- $1.78 at 8:11 a.m.
- High, 4 a.m. to 4 p.m.
- $2.29 at 11:56 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.45
- Close, 4 p.m.
- $1.74
- Change at 4 p.m.
- +13.0%
- After-hours high, 4 p.m. to 8 p.m.
- $1.76 at 4:00 p.m.
- Volume, 4 a.m. to 4 p.m.
- 7.35 million
- Volume after hours, 4 p.m. to 8 p.m.
- 247,109
- Relative volume by 8 p.m.
- 314.0×
- Float
- 3.21 million shares, from filings as of August 31, 2026
- Shares outstanding
- 3.57 million
- From news to the move: the first trade 20% above the previous close came 3 hours 17 minutes after the latest SEC filing before it (8-K, 8:29 a.m.).
- Volume, from the one-minute bars: 102,150 shares before the 9:30 a.m. open (1%), 23,212 in the first 30 minutes (0%), and 7.47 million in the rest of the day to 8 p.m. (98%).
- Float rotation, the volume since 4 a.m. against the float of 3.21 million shares: past it once at 12:00 p.m., twice at 1:07 p.m.
- In our recaps, this is the only day CVKD met the small-cap rule.
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 CVKD 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 CVKD on August 31, 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.