Hindsight Markets Recaps Small-cap stocks on August 13, 2026
XHG, August 13: news, two halts, and $18.08
XHG more than tripled at the open after news, ran to $7.23 through two halts, then fell below its open by the close.
News via Stock News API
What happened
Before the open
The news came first: news at 8:00 a.m. Before the bell it reached $18.08, on 18M shares.
The open
It more than tripled at the open, at $5.75. It ran to $7.23 by 9:37 a.m.
The halts
Each halt froze the price and reopened it somewhere new. The exchange halted it two times, from 9:37 a.m. to 9:43 a.m. The biggest jump was the reopen after 9:43 a.m.: 20% below the last trade before it.
The close
It closed at $4.10, 77% under its high.
What to take from it: The whole move was given back: it finished below the price it opened at.
The details
How it traded, step by step
Gap, run and fade. It gapped up 528.3% to $5.75 at the open, ran from the open to the high of $7.23 in 7 minutes, then gave back 211% of that move by 4:00 p.m., trading at $4.10, below the open.
| Time (ET) | What happened |
|---|---|
| 8:00 a.m. | News (PRNewsWire): XChange TEC.INC Announces Intent to Acquire First Cycle, INC., Accelerating AI-Powered Insurance Transformation |
| 8:02 a.m. | First trade 20% above the previous close of $0.9151 |
| 8:36 a.m. | Pre-market high, $18.08 |
| 8:36 a.m. | High of the day to the close, $18.08 |
| 9:30 a.m. | The open: $5.75, up 528.3% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $4.10, 77.3% 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
- $0.9151
- Open, 9:30 a.m.
- $5.75
- Gap at the open
- +528.3%
- Pre-market high
- $18.08 at 8:36 a.m.
- High, 4 a.m. to 4 p.m.
- $18.08 at 8:36 a.m.
- Low, 4 a.m. to 4 p.m.
- $0.91
- Close, 4 p.m.
- $4.10
- Change at 4 p.m.
- +348.0%
- After-hours high, 4 p.m. to 8 p.m.
- $4.60 at 7:55 p.m.
- Volume, 4 a.m. to 4 p.m.
- 37.37 million
- Volume after hours, 4 p.m. to 8 p.m.
- 1.62 million
- Relative volume by 8 p.m.
- n/m
- Float
- 46.60 million shares, from filings as of August 13, 2026
- Shares outstanding
- 51.55 million
- From news to the move: the first trade 20% above the previous close came 2 minutes after the latest news item before it (PRNewsWire, 8:00 a.m.).
- Volume, from the one-minute bars: 18.36 million shares before the 9:30 a.m. open (47%), 2.63 million in the first 30 minutes (7%), and 18.01 million in the rest of the day to 8 p.m. (46%).
- Other days XHG met the small-cap rule in our recaps: 2, the latest on October 19, 2026.
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 |
|---|---|---|---|---|---|---|
| 9:37 a.m. | 9:42 a.m. | 5 min 0 s | up 33.1% | $6.00, down 17.0% | down 20.0% | LULD pause (limit up-limit down) |
| 9:43 a.m. | 10:01 a.m. | 18 min 43 s | down 33.6% | $3.86, down 19.6% | down 1.0% | 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 XHG on August 13, 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.