Hindsight Markets Recaps Small-cap stocks on August 20, 2026
USDE, August 20: a run to $4.13
USDE opened near its previous close, then ran to $4.13 during the session.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $3.52, on 240K shares.
The open
It opened near its previous close, at $3.23. It ran to $4.13 by 3:40 p.m.
The close
It closed at $3.99, near its high.
What to take from it: The move came during the session, not at the open.
The details
How it traded, step by step
Intraday run. It opened up 4.5% at $3.23, then ran from the open to the high of $4.13 in 370 minutes.
| Time (ET) | What happened |
|---|---|
| 9:08 a.m. | Pre-market high, $3.52 |
| 9:30 a.m. | The open: $3.23, up 4.5% from the previous close |
| 10:45 a.m. | First trade 20% above the previous close of $3.09 |
| 3:40 p.m. | High of the day to the close, $4.13 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $3.99, 3.4% 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
- $3.09
- Open, 9:30 a.m.
- $3.23
- Gap at the open
- +4.5%
- Pre-market high
- $3.52 at 9:08 a.m.
- High, 4 a.m. to 4 p.m.
- $4.13 at 3:40 p.m.
- Low, 4 a.m. to 4 p.m.
- $2.90
- Close, 4 p.m.
- $3.99
- Change at 4 p.m.
- +29.1%
- After-hours high, 4 p.m. to 8 p.m.
- $5.51 at 6:53 p.m.
- Volume, 4 a.m. to 4 p.m.
- 1.28 million
- Volume after hours, 4 p.m. to 8 p.m.
- 1.98 million
- Relative volume by 8 p.m.
- 12.8×
- Float
- 20.52 million shares, from filings as of August 20, 2026
- Shares outstanding
- 27.19 million
- Volume, from the one-minute bars: 239,734 shares before the 9:30 a.m. open (7%), 93,527 in the first 30 minutes (3%), and 2.92 million in the rest of the day to 8 p.m. (90%).
- Other days USDE met the small-cap rule in our recaps: 6, the latest on September 21, 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 (none)
The exchange's halt feed shows no halts for USDE 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 USDE 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.