Hindsight Markets Recaps Small-cap stocks on August 14, 2026
AKAN, August 14: news after the close, $11.42 at 4:00 a.m., and a wall that vanished
AKAN opened up 57% after news, then faded below its open by the close.
News via Stock News API
What happened
Draft for review. Not published.
News after the close
The news hit after the close on the 13th. AKAN printed its high, $11.42, in the first minute, at 4:00 a.m.
The wall that left
From 6:57, a 50K-share ask sat at $10.35, far above the price.
Stop It's 8:48. AKAN is at $7.63. It was near $8.12 an hour ago and fell sharply in the last minute. A large ask wall has sat at $10.35 since 6:57 a.m. Would you buy here?
Press play: the real Level 2, tape and chart run from 8:45 a.m. and stop at 8:48 a.m. ET for your call.
At 8:48:23 both walls were pulled without trading. That minute's $7.46 was the pre-market low.
Open to close
Stop It's 9:35. AKAN is at $7.78, five minutes after opening at $7.87. The first five minutes held between $7.48 and $8.00. Would you buy here?
Press play: the real Level 2, tape and chart run from 9:32 a.m. and stop at 9:35 a.m. ET for your call.
That minute ran to $8.65, the top after the open, then fell back.
Stop It's 10:50. AKAN is at $7.25. For the last 20 minutes it has traded between about $7.10 and $7.55. Would you buy here?
Press play: the real Level 2, tape and chart run from 10:47 a.m. and stop at 10:50 a.m. ET for your call.
That minute fell to $6.81 on two sell sweeps, before the 10:53 headline.
It closed at $6.49, 43% under the high.
What to take from it: A big wall far above the price can vanish without a single trade.
Replay AKAN's day
It starts at 9:56 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 9:59 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 and fade. It gapped up 57.1% to $7.87 at the open and traded below the open by 4:00 p.m., at $6.49.
| Time (ET) | What happened | Watch it |
|---|---|---|
| Aug 13, 4:05 p.m. | News (Newsfile Corp): Akanda's First Towers & Fiber Increases Recurring Revenue with Completion of 200 KM Fiber Network | |
| 4:00 a.m. | First trade 20% above the previous close of $5.01 | |
| 4:00 a.m. | Pre-market high, $11.42 | |
| 4:00 a.m. | High of the day to the close, $11.42 | |
| 4:08 a.m. | Volume since 4:00 a.m. passes the whole float, 479,413 shares | |
| 9:30 a.m. | The open: $7.87, up 57.1% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $6.49, 43.2% 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
- $5.01
- Open, 9:30 a.m.
- $7.87
- Gap at the open
- +57.1%
- Pre-market high
- $11.42 at 4:00 a.m.
- High, 4 a.m. to 4 p.m.
- $11.42 at 4:00 a.m.
- Low, 4 a.m. to 4 p.m.
- $6.23
- Close, 4 p.m.
- $6.49
- Change at 4 p.m.
- +29.5%
- After-hours high, 4 p.m. to 8 p.m.
- $6.45 at 4:00 p.m.
- Volume, 4 a.m. to 4 p.m.
- 7.25 million
- Volume after hours, 4 p.m. to 8 p.m.
- 262,194
- Relative volume by 8 p.m.
- 14.0×
- Float
- 479,413 shares, from filings as of August 14, 2026
- Shares outstanding
- 480,976
- From news to the move: the first trade 20% above the previous close came 11 hours 55 minutes after the latest news item before it (Newsfile Corp, Aug 13, 4:05 p.m.).
- Volume, from the one-minute bars: 4.12 million shares before the 9:30 a.m. open (55%), 1.02 million in the first 30 minutes (14%), and 2.38 million in the rest of the day to 8 p.m. (32%).
- Float rotation, the volume since 4 a.m. against the float of 479,413 shares: past it once at 4:08 a.m., twice at 4:23 a.m., three times at 4:40 a.m.
- Other days AKAN met the small-cap rule in our recaps: 6, the latest on September 22, 2026.
On the day's lists: the pre-market gappers, gainers, intraday runners. It is here because it met the small-cap rule on the pre-market gappers: 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 (none)
The exchange's halt feed shows no halts for AKAN that day.
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 AKAN on August 14, 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.