Hindsight Markets Recaps Small-cap stocks on November 3, 2026
UFG, November 3: two halts, $4.91, and a drop to $3.41 in one minute
UFG opened up 14%, ran to $4.91 through two halts, then gave back most of the run by the close.
What happened
A quiet stock wakes up
UFG traded 7,393 shares the day before, and 954 changed hands before the bell. No news came out. It spiked to $3.49 at 9:28, opened at $3.12, and spent the next several minutes between $3.00 and $3.17.
Two volatility halts
The 9:38 minute carried it to $3.51 on 2,569 shares. It was halted at 9:39:34 at $4.03 and reopened at 9:44:34. That minute, 23K shares traded and it hit $4.85.
Halt #2 began at 9:45:04 at $4.85. It reopened at 9:50:04, and the 9:50 minute set $4.91, the high of the day. The same minute it traded as low as $3.41, on 97K shares. It closed that minute at $3.50.
Down to $2.54, then a long drift
The slide kept going. The 10:00 minute ended at $3.00, and it fell to $2.54 at 10:07, 48% under the high. From 10:08 on, the regular session traded between $2.82 and $3.65. The $3.65 push came at 3:05 p.m. and stayed far below the morning high. The last regular-session minute (3:59) traded at $3.37.
After hours
After hours it spiked to $4.39 at 4:50 p.m. on 7,299 shares in that minute. By 4:55 it traded as low as $2.90.
What to take from it: The $4.91 top lasted one minute: the same 9:50 minute that made the high also traded down to $3.41.
The details
How it traded, step by step
Gap, run, gave some back. It gapped up 13.6% to $3.12 at the open, ran from the open to the high of $4.91 in 20 minutes through two halts, then gave back 86% of that move by 4:00 p.m., trading at $3.37, still above the open.
| Time (ET) | What happened |
|---|---|
| 9:28 a.m. | First trade 20% above the previous close of $2.75 |
| 9:28 a.m. | Pre-market high, $3.49 |
| 9:30 a.m. | The open: $3.12, up 13.6% from the previous close |
| 9:50 a.m. | High of the day to the close, $4.91 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $3.37, 31.4% 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
- $2.75
- Open, 9:30 a.m.
- $3.12
- Gap at the open
- +13.6%
- Pre-market high
- $3.49 at 9:28 a.m.
- High, 4 a.m. to 4 p.m.
- $4.91 at 9:50 a.m.
- Low, 4 a.m. to 4 p.m.
- $2.54
- Close, 4 p.m.
- $3.37
- Change at 4 p.m.
- +22.7%
- After-hours high, 4 p.m. to 8 p.m.
- $4.39 at 4:50 p.m.
- Volume, 4 a.m. to 4 p.m.
- 448,479
- Volume after hours, 4 p.m. to 8 p.m.
- 96,261
- Relative volume by 8 p.m.
- n/m
- Float
- 981,500 shares, from filings as of November 3, 2026
- Shares outstanding
- 3.25 million
- Volume, from the one-minute bars: 954 shares before the 9:30 a.m. open (0%), 273,087 in the first 30 minutes (50%), and 270,699 in the rest of the day to 8 p.m. (50%).
- In our recaps, this is the only day UFG met the small-cap rule.
On the day's lists: the gainers, intraday runners. It is here because it met the small-cap rule on the gainers: 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 (2)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed |
|---|---|---|---|---|---|---|
| 9:39 a.m. | 9:44 a.m. | 5 min 0 s | up 27.5% | $4.04, up 0.2% | up 20.0% | LULD pause (limit up-limit down) |
| 9:45 a.m. | 9:50 a.m. | 5 min 0 s | up 20.3% | $4.86, up 0.2% | down 33.7% | 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 UFG on November 3, 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.