Hindsight Markets Recaps Small-cap stocks on August 25, 2026
AIXI, August 25: the float traded 148 times, four halts, and $2.68
AIXI more than tripled at the open, ran to $1.73 through four halts, then fell below its open by the close.
What happened
Draft for review. Not published.
A pre-market spike
There was no news headline for this move. AIXI had closed at $0.46 the day before. At 6:15 a.m. it hit $2.68, on about 4M shares that minute. By the bell, 93M shares had traded.
Four halts at the open
The open was chaotic. It opened at $1.46 and was paused four times by 9:58. The first reopen, at 9:36:12, printed $1.70.
Two walls break
An ask wall at $1.55 capped it for half an hour. It peaked at 287K shares at 9:36. After a dip to $1.23, it climbed again.
Stop It's 10:18. AIXI is at $1.52, up from $1.34 a minute ago. A large ask wall has sat at $1.55 since 9:36, at one point 286,617 shares. Would you buy here?
Press play: the real Level 2, tape and chart run from 10:15 a.m. and stop at 10:18 a.m. ET for your call.
Buyers ate the wall: 81K shares traded at $1.55 in 2.9 seconds. It tagged $1.57 but did not hold. A bid wall at $1.48 then built to 257K shares.
Stop It's 10:24. AIXI is at $1.50, back from $1.57 at 10:22. A bid wall at $1.48 peaked at 257,123 shares a minute ago. Would you buy here?
Press play: the real Level 2, tape and chart run from 10:21 a.m. and stop at 10:24 a.m. ET for your call.
Sellers broke this one. 249K shares traded at $1.48 in 7.7 seconds. It slid to $1.06 by 12:12 and closed at $1.33.
What to take from it: A wall breaking did not mean the move kept going.
Replay AIXI's day
It starts at 3:44 p.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 3:47 p.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 219.1% to $1.46 at the open, ran from the open to the high of $1.73 in 6 minutes through a halt, then gave back 148% of that move by 4:00 p.m., trading at $1.33, below the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:00 a.m. | First trade 20% above the previous close of $0.4576 | |
| 6:15 a.m. | Pre-market high, $2.68 | |
| 6:15 a.m. | High of the day to the close, $2.68 | |
| 9:30 a.m. | The open: $1.46, up 219.1% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.33, 50.4% 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
- $0.4576
- Open, 9:30 a.m.
- $1.46
- Gap at the open
- +219.1%
- Pre-market high
- $2.68 at 6:15 a.m.
- High, 4 a.m. to 4 p.m.
- $2.68 at 6:15 a.m.
- Low, 4 a.m. to 4 p.m.
- $0.4939
- Close, 4 p.m.
- $1.33
- Change at 4 p.m.
- +190.6%
- After-hours high, 4 p.m. to 8 p.m.
- $1.59 at 4:35 p.m.
- Volume, 4 a.m. to 4 p.m.
- 127.84 million
- Volume after hours, 4 p.m. to 8 p.m.
- 8.44 million
- Relative volume by 8 p.m.
- 104.1×
- Float
- not available
- Shares outstanding
- not available
- Volume, from the one-minute bars: 93.29 million shares before the 9:30 a.m. open (68%), 8.14 million in the first 30 minutes (6%), and 34.85 million in the rest of the day to 8 p.m. (26%).
- Other days AIXI met the small-cap rule in our recaps: 11, the latest on October 23, 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 (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 |
|---|---|---|---|---|---|---|---|
| 9:31 a.m. | 9:36 a.m. | 5 min 0 s | up 8.1% | $1.70, up 5.6% | LULD pause (limit up-limit down) | ||
| 9:36 a.m. | 9:41 a.m. | 5 min 0 s | down 3.7% | $1.48, down 4.5% | down 3.4% | LULD pause (limit up-limit down) | |
| 9:47 a.m. | 9:52 a.m. | 5 min 0 s | down 11.2% | $1.27, unchanged | up 12.6% | LULD pause (limit up-limit down) | |
| 9:53 a.m. | 9:58 a.m. | 5 min 0 s | up 12.6% | $1.39, down 2.8% | down 5.0% | 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 AIXI on August 25, 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.