Hindsight Markets Recaps Small-cap stocks on August 31, 2026
TP, August 31: a slow morning, two halts, and $12.25
TP opened near its previous close, then ran to $12.25 through two halts during the session.
What happened
Draft for review. Not published.
A slow start
There was no news. TP opened at $8.00 and stayed between $8.00 and $8.95 until 1:16 p.m. It then cleared $9.00, but for over an hour it could not trade above $10.
Stop It's 2:37. TP is at $10.00. Since 1:21 p.m. its high has been $9.99, and it has failed to trade above $10 for over an hour. Would you buy here?
Press play: the real Level 2, tape and chart run from 2:34 p.m. and stop at 2:37 p.m. ET for your call.
It broke through. That minute traded 12,145 shares, the most so far, and hit $10.50. By 2:59 it reached $11.31.
Two halts
At 3:00:31 a volatility pause froze it at $11.86.
Stop It's 3:05. TP has been halted since 3:00 with the last trade at $11.86, up from $8.00 at the open. It's about to reopen. Would you buy the reopen?
Press play: the real Level 2, tape and chart run from 3:02 p.m. and stop at 3:05 p.m. ET for your call.
The reopen marked the top. It hit $12.25, the day's high, then turned. The next minute fell to $10.45.
A second pause came at 3:07:16. It reopened at 3:12:16 at $10.73, then slid to $10.18 that minute.
The close
The last bounce stopped lower. It peaked at $10.61 by 3:50 and closed at $10.24, 16% under the high.
What to take from it: On this day, the screen price at a reopen was not the price you could get.
Replay TP's day
It starts at 2:44 p.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 2:47 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
Intraday run. It opened up 2.2% at $8.00, then ran from the open to the high of $12.25 in 335 minutes through a halt.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 6:57 a.m. | Pre-market high, $9.00 | |
| 9:30 a.m. | The open: $8.00, up 2.2% from the previous close | |
| 1:21 p.m. | First trade 20% above the previous close of $7.83 | |
| 3:05 p.m. | High of the day to the close, $12.25 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $10.24, 16.4% 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
- $7.83
- Open, 9:30 a.m.
- $8.00
- Gap at the open
- +2.2%
- Pre-market high
- $9.00 at 6:57 a.m.
- High, 4 a.m. to 4 p.m.
- $12.25 at 3:05 p.m.
- Low, 4 a.m. to 4 p.m.
- $7.91
- Close, 4 p.m.
- $10.24
- Change at 4 p.m.
- +30.8%
- After-hours high, 4 p.m. to 8 p.m.
- $10.33 at 4:01 p.m.
- Volume, 4 a.m. to 4 p.m.
- 226,721
- Volume after hours, 4 p.m. to 8 p.m.
- 14,820
- Relative volume by 8 p.m.
- 9.1×
- Float
- 1.88 million shares, from filings as of August 31, 2026
- Shares outstanding
- 12.06 million
- Volume, from the one-minute bars: 2,121 shares before the 9:30 a.m. open (1%), 9,923 in the first 30 minutes (4%), and 229,497 in the rest of the day to 8 p.m. (95%).
- In our recaps, this is the only day TP met the small-cap rule.
On the day's lists: the gainers, intraday runners. It is here because it met the small-cap rule on the gainers: 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 (2)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed | Watch it |
|---|---|---|---|---|---|---|---|
| 3:00 p.m. | 3:05 p.m. | 5 min 0 s | up 13.1% | $11.86, unchanged | down 12.2% | LULD pause (limit up-limit down) | |
| 3:07 p.m. | 3:12 p.m. | 5 min 0 s | down 12.2% | $10.73, up 3.1% | down 6.2% | 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 TP on August 31, 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.