Hindsight Markets Recaps Small-cap stocks on August 26, 2026
ZCMD, August 26: a pre-market spike to $1.01
ZCMD spiked to $1.01 before the open, then gave much of it back in the session.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $1.01, on 14M shares.
The open
It opened near its previous close, at $0.7992.
The close
It closed at $0.8062, 20% under its high.
What to take from it: The move happened before the bell. The regular session never got back to the pre-market high.
The details
How it traded, step by step
Pre-market spike. Before the open it spiked 38.8% from $0.7275 to $1.01 at 5:59 a.m.. It opened up 9.9% at $0.7992 and traded at $0.8062 at 4:00 p.m.
| Time (ET) | What happened |
|---|---|
| 5:56 a.m. | First trade 20% above the previous close of $0.7275 |
| 5:59 a.m. | Pre-market high, $1.01 |
| 5:59 a.m. | High of the day to the close, $1.01 |
| 6:24 a.m. | Volume since 4:00 a.m. passes the whole float, 5.96 million shares |
| 9:30 a.m. | The open: $0.7992, up 9.9% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $0.8062, 20.2% 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
- $0.7275
- Open, 9:30 a.m.
- $0.7992
- Gap at the open
- +9.9%
- Pre-market high
- $1.01 at 5:59 a.m.
- High, 4 a.m. to 4 p.m.
- $1.01 at 5:59 a.m.
- Low, 4 a.m. to 4 p.m.
- $0.6733
- Close, 4 p.m.
- $0.8062
- Change at 4 p.m.
- +10.8%
- After-hours high, 4 p.m. to 8 p.m.
- $0.835 at 7:59 p.m.
- Volume, 4 a.m. to 4 p.m.
- 16.09 million
- Volume after hours, 4 p.m. to 8 p.m.
- 152,401
- Relative volume by 8 p.m.
- 11.0×
- Float
- 5.96 million shares, from filings as of August 26, 2026
- Shares outstanding
- 8.67 million
- Volume, from the one-minute bars: 13.94 million shares before the 9:30 a.m. open (86%), 618,846 in the first 30 minutes (4%), and 1.69 million in the rest of the day to 8 p.m. (10%).
- Float rotation, the volume since 4 a.m. against the float of 5.96 million shares: past it once at 6:24 a.m., twice at 7:21 a.m.
- Other days ZCMD met the small-cap rule in our recaps: 2, the latest on August 7, 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 ZCMD 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 ZCMD on August 26, 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.