Hindsight Markets Recaps Small-cap stocks on August 27, 2026
MIMI, August 27: a 2:08 headline, one halt, and $3.29
MIMI opened up 27%, ran to $3.29 through one halt, then fell below its open by the close.
What happened
Draft for review. Not published.
The morning run
MIMI opened at $2.28, up 27% from the $1.80 close. The real push began at 9:42, on 256K shares in one minute.
Stop It's 9:49. MIMI is at $2.75, up from $2.28 at the open. The pre-market high of $2.80 is just above. Would you buy here?
Press play: the real Level 2, tape and chart run from 9:46 a.m. and stop at 9:49 a.m. ET for your call.
It cleared $2.80 that minute and hit $3.28 by 9:52. It reached $3.29 in the 10:02 minute.
The $2.50 bid
Here a big bid sat under the price at $2.50 from 10:33. It grew to about 89K shares.
Stop It's 11:03. MIMI is at $2.60. A large bid has been sitting at $2.50 since 10:33. Would you buy here?
Press play: the real Level 2, tape and chart run from 11:00 a.m. and stop at 11:03 a.m. ET for your call.
At 11:05:59 the bid was pulled. Only 12K shares traded against it. The price dipped to $2.47.
Offering news and the halt
At 2:08 p.m. the company priced a $2.5 million share offering. The stock fell from $2.74 to $2.18 that minute.
A halt at 2:08:52 froze it at $2.18. It reopened at $1.75, 20% lower. It closed at $1.28.
What to take from it: On MIMI, the big bid did not hold the price, and the halt reopened 20% lower.
Replay MIMI's day
It starts at 9:33 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 9:36 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 26.7% to $2.28 at the open, ran from the open to the high of $3.29 in 32 minutes, then gave back 199% of that move by 4:00 p.m., trading at $1.28, below the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:00 a.m. | First trade 20% above the previous close of $1.80 | |
| 4:00 a.m. | Pre-market high, $2.80 | |
| 9:30 a.m. | The open: $2.28, up 26.7% from the previous close | |
| 10:02 a.m. | High of the day to the close, $3.29 | |
| 10:37 a.m. | Volume since 4:00 a.m. passes the whole float, 12.35 million shares | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.28, 61.1% 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
- $1.80
- Open, 9:30 a.m.
- $2.28
- Gap at the open
- +26.7%
- Pre-market high
- $2.80 at 4:00 a.m.
- High, 4 a.m. to 4 p.m.
- $3.29 at 10:02 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.26
- Close, 4 p.m.
- $1.28
- Change at 4 p.m.
- −28.9%
- After-hours high, 4 p.m. to 8 p.m.
- $1.40 at 4:08 p.m.
- Volume, 4 a.m. to 4 p.m.
- 18.41 million
- Volume after hours, 4 p.m. to 8 p.m.
- 410,409
- Relative volume by 8 p.m.
- 140.8×
- Float
- 12.35 million shares, from filings as of August 27, 2026
- Shares outstanding
- 13.18 million
- Volume, from the one-minute bars: 2.58 million shares before the 9:30 a.m. open (14%), 5.26 million in the first 30 minutes (28%), and 10.97 million in the rest of the day to 8 p.m. (58%).
- Float rotation, the volume since 4 a.m. against the float of 12.35 million shares: past it once at 10:37 a.m.
- Other days MIMI met the small-cap rule in our recaps: 4, the latest on September 28, 2026.
On the day's lists: the pre-market gappers, 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 (1)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed | Watch it |
|---|---|---|---|---|---|---|---|
| 2:08 p.m. | 2:29 p.m. | 20 min 28 s | down 20.1% | $1.75, down 19.7% | down 8.6% | 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 MIMI on August 27, 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.