Hindsight Markets Recaps Small-cap stocks on August 31, 2026
RDHL, August 31: a 7:00 headline, three halts, and $2.16
RDHL more than doubled at the open after a 6-K, ran to $1.60 through three halts, then fell below its open by the close.
News via Stock News API
What happened
News sets it off
The 7:00 a.m. news woke up a quiet $0.65 stock. It was halted at 6:57:27 at $0.68 and reopened at 7:35:00 near $1.07. Then it hit $2.16, the day's high.
Two halts after the open
It opened at $1.37 and ran into a halt at 9:36:51 at $1.58. A 370K-share bid sat at that price. It reopened at 9:41:51 at $1.54.
Stop It's 9:42. RDHL reopened from a five-minute halt at 9:41:51 and is at $1.54. The stock was up 110% at the open and the day's high so far is $2.16. Would you buy here?
Press play: the real Level 2, tape and chart run from 9:39 a.m. and stop at 9:42 a.m. ET for your call.
It didn't hold. The $1.58 bid was pulled at 9:41:52. At 9:42:19 it was halted again at $1.39. It reopened at 9:47:19 at $1.30 and hit $1.21 that minute.
The $1.25 bid breaks
From 9:48 a bid near 147K shares sat at $1.25.
Stop It's 9:52. RDHL is at $1.28. A bid of up to about 147,000 shares has been sitting at $1.25, just below. The stock has been between $1.25 and $1.33 since 9:48. Would you buy here?
Press play: the real Level 2, tape and chart run from 9:49 a.m. and stop at 9:52 a.m. ET for your call.
At 9:52:59 sellers hit it. 130K shares traded there in 6 seconds, and it was gone. That minute closed at $1.12. It closed the day at $0.91, 58% under the high.
What to take from it: Big bids at $1.58 and $1.25 looked like support, but one was pulled and one was eaten.
Replay RDHL's day
It starts at 6:53 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 6:56 a.m. and asks what you would do. Or press Play on any moment in How it traded.
The details
How it traded, step by step
Gap, run and fade. It gapped up 110.1% to $1.37 at the open, ran from the open to the high of $1.60 in 11 minutes through a halt, then gave back 299% of that move by 4:00 p.m., trading at $0.9125, below the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 7:00 a.m. | News (PRNewsWire): RedHill Divests Talicia® to Apotex for $18 Million Cash Upfront Plus Milestones to Fuel Strategic Growth Opportunities | |
| 7:03 a.m. | SEC filing 6-K: 6-K | |
| 7:35 a.m. | First trade 20% above the previous close of $0.6522 | |
| 7:39 a.m. | Pre-market high, $2.16 | |
| 7:39 a.m. | Volume since 4:00 a.m. passes the whole float, 5.11 million shares | |
| 7:39 a.m. | High of the day to the close, $2.16 | |
| 9:30 a.m. | The open: $1.37, up 110.1% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $0.9125, 57.8% 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
- $0.6522
- Open, 9:30 a.m.
- $1.37
- Gap at the open
- +110.1%
- Pre-market high
- $2.16 at 7:39 a.m.
- High, 4 a.m. to 4 p.m.
- $2.16 at 7:39 a.m.
- Low, 4 a.m. to 4 p.m.
- $0.6602
- Close, 4 p.m.
- $0.9125
- Change at 4 p.m.
- +39.9%
- After-hours high, 4 p.m. to 8 p.m.
- $0.9786 at 4:00 p.m.
- Volume, 4 a.m. to 4 p.m.
- 48.81 million
- Volume after hours, 4 p.m. to 8 p.m.
- 1.44 million
- Relative volume by 8 p.m.
- 4279.5×
- Float
- 5.11 million shares, from filings as of August 31, 2026
- Shares outstanding
- 5.19 million
- From news to the move: the first trade 20% above the previous close came 31 minutes after the latest SEC filing before it (6-K, 7:03 a.m.).
- Volume, from the one-minute bars: 32.44 million shares before the 9:30 a.m. open (65%), 8.52 million in the first 30 minutes (17%), and 9.29 million in the rest of the day to 8 p.m. (18%).
- Float rotation, the volume since 4 a.m. against the float of 5.11 million shares: past it once at 7:39 a.m., twice at 7:46 a.m., three times at 7:54 a.m.
- In our recaps, this is the only day RDHL 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 (3)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed | Watch it |
|---|---|---|---|---|---|---|---|
| 6:57 a.m. | 7:35 a.m. | 37 min 32 s | unchanged | $1.07, up 58.2% | up 74.9% | News pending | |
| 9:36 a.m. | 9:41 a.m. | 5 min 0 s | up 16.6% | $1.54, down 2.5% | down 9.7% | LULD pause (limit up-limit down) | |
| 9:42 a.m. | 9:47 a.m. | 5 min 0 s | down 12.0% | $1.30, down 6.5% | down 1.5% | 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 RDHL 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.