Hindsight Markets Recaps Small-cap stocks on August 21, 2026
PMI, August 21: a run to $5.49
PMI opened near its previous close, then ran to $3.48 during the session.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $5.49, on 2M shares.
The open
It opened near its previous close, at $2.83. It ran to $3.48 by 2:28 p.m.
The close
It closed at $3.22, 41% under 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 down 6.6% at $2.83, then ran from the open to the high of $3.48 in 298 minutes.
| Time (ET) | What happened |
|---|---|
| 8:24 a.m. | First trade 20% above the previous close of $3.03 |
| 8:26 a.m. | Pre-market high, $5.49 |
| 8:26 a.m. | High of the day to the close, $5.49 |
| 8:31 a.m. | Volume since 4:00 a.m. passes the whole float, 1.39 million shares |
| 9:30 a.m. | The open: $2.83, down 6.6% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $3.22, 41.3% 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
- $3.03
- Open, 9:30 a.m.
- $2.83
- Gap at the open
- −6.6%
- Pre-market high
- $5.49 at 8:26 a.m.
- High, 4 a.m. to 4 p.m.
- $5.49 at 8:26 a.m.
- Low, 4 a.m. to 4 p.m.
- $2.53
- Close, 4 p.m.
- $3.22
- Change at 4 p.m.
- +6.3%
- After-hours high, 4 p.m. to 8 p.m.
- $5.20 at 5:59 p.m.
- Volume, 4 a.m. to 4 p.m.
- 2.27 million
- Volume after hours, 4 p.m. to 8 p.m.
- 3.62 million
- Relative volume by 8 p.m.
- 188.5×
- Float
- 1.39 million shares, from filings as of August 21, 2026
- Shares outstanding
- 2.34 million
- Volume, from the one-minute bars: 1.96 million shares before the 9:30 a.m. open (33%), 60,586 in the first 30 minutes (1%), and 3.87 million in the rest of the day to 8 p.m. (66%).
- Float rotation, the volume since 4 a.m. against the float of 1.39 million shares: past it once at 8:31 a.m., twice at 5:04 p.m., three times at 5:40 p.m.
- Other days PMI met the small-cap rule in our recaps: 7, the latest on October 16, 2026.
- The next session, August 24, 2026, it was up 61.7% from its previous close at the 4:00 p.m. close.
On the day's lists: the intraday runners, after-hours movers. It is here because it met the small-cap rule on the intraday runners: 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 PMI 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 PMI on August 21, 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.