Hindsight Markets Recaps Small-cap stocks on August 20, 2026
JZ, August 20: four halts, $5.45, and a close at $3.29
JZ more than doubled at the open, ran to $5.45 through four halts, then fell below its open by the close.
What happened
Draft for review. Not published.
A fast start
JZ went from quiet to wild in minutes. It had closed at $1.70 the day before. It woke up at 9:20 and hit $4.44 by 9:27.
It opened at $3.62 and was halted at 9:30:35. After the reopen it ran to $5.25 by 9:36, then fell to $3.74 and was halted again.
Stop It's 9:46. JZ is at $4.52. It was $5.25 ten minutes ago, fell to $3.51 at 9:43, and has been climbing back. Would you buy here?
Press play: the real Level 2, tape and chart run from 9:43 a.m. and stop at 9:46 a.m. ET for your call.
It ran to $5.45 at 9:47, the high of the day. A minute later a 28K-share sell order swept it down.
Two more halts
Halt #3 at 9:51:54 reopened higher, at $4.09. It still fell to $3.39 the next minute. Halt #4 at 10:02:16 froze it at $2.98.
Stop It's 10:11. JZ is at $2.92. A minute ago it touched $2.48, after a 26,717-share sell sweep at 10:10. It's down from $5.45 about 25 minutes earlier. Would you buy here?
Press play: the real Level 2, tape and chart run from 10:08 a.m. and stop at 10:11 a.m. ET for your call.
A buy sweep lifted it to $3.30 that minute. By 10:16 it was back near $3.00. It closed at $3.29, 40% under the high.
What to take from it: On JZ, a reopen above the halt price did not mean the move would hold.
Replay JZ's day
It starts at 9:17 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 9:20 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, run and fade. It gapped up 112.9% to $3.62 at the open, ran from the open to the high of $5.45 in 17 minutes through two halts, then gave back 118% of that move by 4:00 p.m., trading at $3.29, below the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 9:21 a.m. | First trade 20% above the previous close of $1.70 | |
| 9:27 a.m. | Pre-market high, $4.44 | |
| 9:30 a.m. | The open: $3.62, up 112.9% from the previous close | |
| 9:47 a.m. | High of the day to the close, $5.45 | |
| 2:34 p.m. | Volume since 4:00 a.m. passes the whole float, 14.38 million shares | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $3.29, 39.6% 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
- $1.70
- Open, 9:30 a.m.
- $3.62
- Gap at the open
- +112.9%
- Pre-market high
- $4.44 at 9:27 a.m.
- High, 4 a.m. to 4 p.m.
- $5.45 at 9:47 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.72
- Close, 4 p.m.
- $3.29
- Change at 4 p.m.
- +93.5%
- After-hours high, 4 p.m. to 8 p.m.
- $3.53 at 4:00 p.m.
- Volume, 4 a.m. to 4 p.m.
- 15.54 million
- Volume after hours, 4 p.m. to 8 p.m.
- 1.21 million
- Relative volume by 8 p.m.
- 339.8×
- Float
- 14.38 million shares, from filings as of August 20, 2026
- Shares outstanding
- 14.41 million
- Volume, from the one-minute bars: 1.97 million shares before the 9:30 a.m. open (12%), 5.85 million in the first 30 minutes (35%), and 8.93 million in the rest of the day to 8 p.m. (53%).
- Float rotation, the volume since 4 a.m. against the float of 14.38 million shares: past it once at 2:34 p.m.
- Other days JZ met the small-cap rule in our recaps: 6, the latest on October 14, 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 (4)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed | Watch it |
|---|---|---|---|---|---|---|---|
| 9:30 a.m. | 9:35 a.m. | 5 min 0 s | up 40.3% | $4.25, unchanged | down 12.0% | LULD pause (limit up-limit down) | |
| 9:38 a.m. | 9:43 a.m. | 5 min 0 s | down 12.0% | $3.73, down 0.3% | up 44.8% | LULD pause (limit up-limit down) | |
| 9:51 a.m. | 9:56 a.m. | 5 min 0 s | down 16.1% | $4.09, up 3.0% | down 9.0% | LULD pause (limit up-limit down) | |
| 10:02 a.m. | 10:07 a.m. | 5 min 0 s | down 12.9% | $2.89, down 3.0% | up 10.0% | 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 JZ on August 20, 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.