Hindsight Markets Recaps Small-cap stocks on August 27, 2026
PPCB, August 27: an 8:30 headline, a float traded by 8:35, and $4.44
PPCB more than tripled at the open after news, ran to $4.13, then fell below its open by the close.
News via Stock News API
What happened
Draft for review. Not published.
News, then a flood
An 8:30 press release woke a stock that traded 2,165 shares the day before. It ran from $1.07 to $3.49 in two minutes. By 8:35, more shares had traded than the 3.5M float.
Stop It's 8:59. PPCB is at $3.92. Since 8:37 it has stayed between $3.55 and $4.15, and the pre-market high so far is $4.36. Would you buy here?
Press play: the real Level 2, tape and chart run from 8:56 a.m. and stop at 8:59 a.m. ET for your call.
It spiked to $4.44, the day's high, that minute. By 9:06 it was down to $3.28.
The bid at $2.80
The first big bid at $2.80 broke at 10:25:54 after 22K shares traded into it. A second one, 55K shares, formed after 11:19.
Stop It's 11:21. PPCB is at $2.80. A large bid sits at exactly $2.80 and has been there since 11:19. About an hour ago a bid at this same price broke. Would you buy here?
Press play: the real Level 2, tape and chart run from 11:18 a.m. and stop at 11:21 a.m. ET for your call.
Sellers hit it. In 9.5 seconds, 40K shares traded at $2.80 and the bid was gone. It touched $2.69 two minutes later.
The close
The slide kept going. It hit $1.98 at 1:35 p.m. and closed at $2.20, 50% under the high.
What to take from it: A big bid at $2.80 broke twice here: it was a level, not a floor.
Replay PPCB's day
It starts at 8:26 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 8:29 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 229.9% to $3.53 at the open, ran from the open to the high of $4.13 in 2 minutes, then gave back 322% of that move by 4:00 p.m., trading at $2.20, below the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 8:30 a.m. | News (GlobeNewsWire): Propanc Biopharma Announces Compelling New Preclinical Pancreatic Cancer Data for PRP Showing >90% Tumor Growth Inhibition and >2.5-Fold Survival Benefit | |
| 8:30 a.m. | First trade 20% above the previous close of $1.07 | |
| 8:35 a.m. | Volume since 4:00 a.m. passes the whole float, 3.50 million shares | |
| 8:59 a.m. | Pre-market high, $4.44 | |
| 8:59 a.m. | High of the day to the close, $4.44 | |
| 9:30 a.m. | The open: $3.53, up 229.9% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $2.20, 50.5% 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
- $1.07
- Open, 9:30 a.m.
- $3.53
- Gap at the open
- +229.9%
- Pre-market high
- $4.44 at 8:59 a.m.
- High, 4 a.m. to 4 p.m.
- $4.44 at 8:59 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.07
- Close, 4 p.m.
- $2.20
- Change at 4 p.m.
- +105.6%
- After-hours high, 4 p.m. to 8 p.m.
- $2.26 at 4:00 p.m.
- Volume, 4 a.m. to 4 p.m.
- 36.37 million
- Volume after hours, 4 p.m. to 8 p.m.
- 1.16 million
- Relative volume by 8 p.m.
- 694.2×
- Float
- 3.50 million shares, from filings as of August 27, 2026
- Shares outstanding
- 3.50 million
- From news to the move: the first trade 20% above the previous close came less than a minute after the latest news item before it (GlobeNewsWire, 8:30 a.m.).
- Volume, from the one-minute bars: 15.85 million shares before the 9:30 a.m. open (42%), 7.21 million in the first 30 minutes (19%), and 14.47 million in the rest of the day to 8 p.m. (39%).
- Float rotation, the volume since 4 a.m. against the float of 3.50 million shares: past it once at 8:35 a.m., twice at 8:42 a.m., three times at 8:59 a.m.
- In our recaps, this is the only day PPCB met the small-cap rule.
On the day's lists: the pre-market gappers, gainers, 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 (none)
The exchange's halt feed shows no halts for PPCB 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 PPCB 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.