Hindsight Markets Recaps Small-cap stocks on August 12, 2026
BANL, August 12: five halts, $7.50, and a pause of almost 16 minutes
BANL opened near its previous close, then ran to $7.50 through five halts during the session.
What happened
Draft for review. Not published.
Quiet until 1:15
BANL spent the morning drifting between $4 and $5 on thin trading. In the 1:15 minute it broke through $5 for the first time and reached $5.32.
Stop It's 1:17. BANL is at $5.33, up from $4.96 three minutes ago. Before 1:15 it hadn't traded above $5.00 all day. Would you buy here?
Press play: the real Level 2, tape and chart run from 1:14 p.m. and stop at 1:17 p.m. ET for your call.
It kept running. The 1:19 minute hit $6.04, and at 1:19:37 it was halted for almost 16 minutes.
The 1:35 reopen
The pause ended far higher. It reopened at 1:35:18 at $7.20, on a 23K-share first trade.
Stop It's 1:38. BANL is at $6.95. It reopened at $7.20 three minutes ago and has traded as high as $7.47. Would you buy here?
Press play: the real Level 2, tape and chart run from 1:35 p.m. and stop at 1:38 p.m. ET for your call.
The 1:38 minute made $7.50, the high of the day. Within a minute it was at $6.24.
Halts on the way down
The drop came through more halts. At 1:55:06 it reopened at $5.12, 32% under the top.
A late push reached $6.47. It closed at $6.09 on 1.28M shares, more than half the float.
What to take from it: On BANL, halts reopened far from where they stopped: first much higher, then far lower.
Replay BANL's day
It starts at 1:06 p.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 1:09 p.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
Intraday run. It opened down 2.6% at $4.05, then ran from the open to the high of $7.50 in 248 minutes through a halt.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 7:09 a.m. | Pre-market high, $4.38 | |
| 9:30 a.m. | The open: $4.05, down 2.6% from the previous close | |
| 11:57 a.m. | First trade 20% above the previous close of $4.16 | |
| 1:38 p.m. | High of the day to the close, $7.50 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $6.09, 18.8% 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
- $4.16
- Open, 9:30 a.m.
- $4.05
- Gap at the open
- −2.6%
- Pre-market high
- $4.38 at 7:09 a.m.
- High, 4 a.m. to 4 p.m.
- $7.50 at 1:38 p.m.
- Low, 4 a.m. to 4 p.m.
- $4.00
- Close, 4 p.m.
- $6.09
- Change at 4 p.m.
- +46.4%
- After-hours high, 4 p.m. to 8 p.m.
- $6.10 at 4:00 p.m.
- Volume, 4 a.m. to 4 p.m.
- 1.29 million
- Volume after hours, 4 p.m. to 8 p.m.
- 81,981
- Relative volume by 8 p.m.
- 23.5×
- Float
- 2.20 million shares, from filings as of August 12, 2026
- Shares outstanding
- 3.22 million
- Volume, from the one-minute bars: 304 shares before the 9:30 a.m. open (0%), 11,614 in the first 30 minutes (1%), and 1.36 million in the rest of the day to 8 p.m. (99%).
- Other days BANL met the small-cap rule in our recaps: 1, the latest on August 4, 2026.
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 (5)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed | Watch it |
|---|---|---|---|---|---|---|---|
| 1:19 p.m. | 1:35 p.m. | 15 min 41 s | up 21.8% | $7.20, up 19.2% | down 13.3% | LULD pause (limit up-limit down) | |
| 1:39 p.m. | 1:44 p.m. | 5 min 0 s | up 3.3% | $6.20, down 0.6% | down 10.0% | LULD pause (limit up-limit down) | |
| 1:45 p.m. | 1:55 p.m. | 10 min 0 s | down 10.6% | $5.12, down 8.2% | LULD pause (limit up-limit down) | ||
| 1:55 p.m. | 2:00 p.m. | 5 min 0 s | up 0.9% | $5.87, up 4.3% | down 10.9% | LULD pause (limit up-limit down) | |
| 2:03 p.m. | 2:08 p.m. | 5 min 0 s | down 7.1% | $5.11, down 2.3% | up 5.9% | 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 BANL on August 12, 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.