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Hindsight Markets Recaps Small-cap stocks on August 17, 2026

IPST, August 17: a run to $9.66

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IPST more than tripled at the open, ran to $9.66, then fell below its open by the close.

$9.66$2.204 a.m.9:30noon4 p.m.8 p.m.
IPST on August 17, 2026, one-minute bars, New York time. Bands: halts. Flags: the news or filing before the move. Dotted line: the previous close. Shaded: before the 9:30 a.m. open and after the 4:00 p.m. close.

What happened

Before the open

We found no news or filing before the move. Before the bell it reached $8.71, on 28M shares.

The open

It more than tripled at the open, at $7.94. It ran to $9.66 by 10:59 a.m.

The close

It closed at $7.37, 24% 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 260.9% to $7.94 at the open, ran from the open to the high of $9.66 in 89 minutes, then gave back 133% of that move by 4:00 p.m., trading at $7.37, below the open.

Time (ET)What happened
4:00 a.m.First trade 20% above the previous close of $2.20
4:06 a.m.Volume since 4:00 a.m. passes the whole float, 696,891 shares
8:55 a.m.Pre-market high, $8.71
9:30 a.m.The open: $7.94, up 260.9% from the previous close
10:59 a.m.High of the day to the close, $9.66
3:59 p.m.Last trade before the 4:00 p.m. close, $7.37, 23.7% 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
$2.20
Open, 9:30 a.m.
$7.94
Gap at the open
+260.9%
Pre-market high
$8.71 at 8:55 a.m.
High, 4 a.m. to 4 p.m.
$9.66 at 10:59 a.m.
Low, 4 a.m. to 4 p.m.
$2.53
Close, 4 p.m.
$7.37
Change at 4 p.m.
+235.0%
After-hours high, 4 p.m. to 8 p.m.
$8.87 at 4:56 p.m.
Volume, 4 a.m. to 4 p.m.
48.38 million
Volume after hours, 4 p.m. to 8 p.m.
2.33 million
Relative volume by 8 p.m.
1433.5×
Float
696,891 shares, from filings as of August 17, 2026
Shares outstanding
721,578
  • Volume, from the one-minute bars: 27.59 million shares before the 9:30 a.m. open (54%), 4.26 million in the first 30 minutes (8%), and 18.86 million in the rest of the day to 8 p.m. (37%).
  • Float rotation, the volume since 4 a.m. against the float of 696,891 shares: past it once at 4:06 a.m., twice at 4:10 a.m., three times at 4:15 a.m.
  • Other days IPST met the small-cap rule in our recaps: 5, the latest on October 27, 2026.
  • The next session, August 18, 2026, it was up 113.9% from its previous close at the 4:00 p.m. close.

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 IPST 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.

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