Hindsight Markets Recaps Small-cap stocks on August 17, 2026
IPST, August 17: a run to $9.66
IPST more than tripled at the open, ran to $9.66, then fell below its open by the 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.
Trade this day
Replay IPST on August 17, 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.