Hindsight Markets Recaps Small-cap stocks on August 4, 2026
ADGM, August 4: two halts, a 453,000-share bid, and $1.13
ADGM opened up 31%, ran to $1.13 through two halts, then gave back most of the run by the close.
What happened
Draft for review. Not published.
Halt at the open
The only news came the day before: a first patient treated. It opened at $0.60.
Stop It's 9:41. ADGM is at $0.74. The pre-market high of $0.78 is just above, and the stock has climbed from about $0.62 in six minutes. Would you buy here?
Press play: the real Level 2, tape and chart run from 9:38 a.m. and stop at 9:41 a.m. ET for your call.
It ran to $0.90 and was halted at 9:43:29 with a 453K-share bid there. It reopened at 9:48:29 at $0.84, and the bid vanished a second later.
A big bid at $0.92
Stop It's 10:52. ADGM is at $0.94, down from $1.11 six minutes ago. A big bid sits just below at $0.92. It reached about 258,000 shares at its peak. Would you buy here?
Press play: the real Level 2, tape and chart run from 10:49 a.m. and stop at 10:52 a.m. ET for your call.
Sellers ate it: 205K shares in 12 seconds. By 11:07 it was at $0.84.
An ask at $0.98
Stop It's 1:52. ADGM is at $0.95. An ask wall at $0.98 has sat there since 12:35 p.m. It reached about 256,000 shares at its peak. Would you buy here?
Press play: the real Level 2, tape and chart run from 1:49 p.m. and stop at 1:52 p.m. ET for your call.
The wall was pulled at 1:52:46. Buyers swept in, and at 1:56 it hit $1.13, the day's high. It closed at $0.81.
What to take from it: On this day, no big wall held: the bids broke and the ask was pulled.
Replay ADGM's day
It starts at 9:31 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 9:34 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, gave some back. It gapped up 30.6% to $0.6006 at the open, ran from the open to the high of $1.13 in 266 minutes through two halts, then gave back 60% of that move by 4:00 p.m., trading at $0.8101, still above the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:00 a.m. | First trade 20% above the previous close of $0.46 | |
| 4:00 a.m. | Pre-market high, $0.7849 | |
| 7:45 a.m. | Volume since 4:00 a.m. passes the whole float, 19.62 million shares | |
| 9:30 a.m. | The open: $0.6006, up 30.6% from the previous close | |
| 1:56 p.m. | High of the day to the close, $1.13 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $0.8101, 28.3% 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
- $0.46
- Open, 9:30 a.m.
- $0.6006
- Gap at the open
- +30.6%
- Pre-market high
- $0.7849 at 4:00 a.m.
- High, 4 a.m. to 4 p.m.
- $1.13 at 1:56 p.m.
- Low, 4 a.m. to 4 p.m.
- $0.3949
- Close, 4 p.m.
- $0.8101
- Change at 4 p.m.
- +76.1%
- After-hours high, 4 p.m. to 8 p.m.
- $0.82 at 4:00 p.m.
- Volume, 4 a.m. to 4 p.m.
- 149.01 million
- Volume after hours, 4 p.m. to 8 p.m.
- 4.69 million
- Relative volume by 8 p.m.
- 640.3×
- Float
- 19.62 million shares, from filings as of August 4, 2026
- Shares outstanding
- 22.21 million
- Volume, from the one-minute bars: 34.31 million shares before the 9:30 a.m. open (22%), 16.54 million in the first 30 minutes (11%), and 102.84 million in the rest of the day to 8 p.m. (67%).
- Float rotation, the volume since 4 a.m. against the float of 19.62 million shares: past it once at 7:45 a.m., twice at 9:42 a.m., three times at 10:11 a.m.
- In our recaps, this is the only day ADGM 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 (2)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed | Watch it |
|---|---|---|---|---|---|---|---|
| 9:43 a.m. | 9:48 a.m. | 5 min 0 s | up 29.6% | $0.8393, down 6.7% | up 1.8% | LULD pause (limit up-limit down) | |
| 9:54 a.m. | 9:59 a.m. | 5 min 0 s | down 22.8% | $0.78, unchanged | up 10.2% | 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 ADGM on August 4, 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.