Hindsight Markets Recaps Small-cap stocks on September 3, 2026
TLYS, September 3: earnings after the close, one halt, and $6.25
TLYS opened up 45% after news, ran to $6.25 through one halt, then fell below its open by the close.
News via Stock News API
What happened
Draft for review. Not published.
Earnings overnight
Earnings news after the September 2 close set up the gap. The stock had closed at $3.83 and hit $5.57 before the bell.
Wall pulled, spike to $6.25
The open ran through a seller. It opened at $5.55. A 61K-share ask wall at $5.45 was pulled at 9:32:30, and the 9:32 minute hit $6.25 on 743K shares.
Stop It's 9:33. TLYS is at $5.94, a minute after printing $6.25. The 9:32 minute alone traded 743,095 shares, far more than any single pre-market minute. Would you buy here?
Press play: the real Level 2, tape and chart run from 9:30 a.m. and stop at 9:33 a.m. ET for your call.
Sellers took over. At 9:33:40 it was halted.
Lower reopen, thin book
A 103K-share ask wall at $5.40 sat through the pause. It reopened at 9:38:48 at $5.25, and the wall was pulled a second later.
Stop It's 9:39. TLYS is at $5.17. It reopened seconds ago at $5.25. A new ask wall has appeared at $5.45. Would you buy here?
Press play: the real Level 2, tape and chart run from 9:36 a.m. and stop at 9:39 a.m. ET for your call.
It kept falling. That minute closed at $5.00, and by 9:54 it was $4.25. It ended the regular session at $4.24, 32% below the high.
What to take from it: This halt reopened lower into a thin book, and the selling kept going.
Replay TLYS's day
It starts at 9:14 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 9:17 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 44.9% to $5.55 at the open, ran from the open to the high of $6.25 in 2 minutes, then gave back 287% of that move by 4:00 p.m., trading at $4.24, below the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| Sep 2, 6:05 p.m. | News (MarketBeat): Tilly's Q2 Earnings Call Highlights | |
| Sep 2, 6:26 p.m. | News (Zacks Investment Research): Tilly's (TLYS) Q2 Earnings and Revenues Surpass Estimates | |
| Sep 2, 8:14 p.m. | News (Seeking Alpha): Tilly's, Inc. (TLYS) Q2 2027 Earnings Call Transcript | |
| 4:00 a.m. | First trade 20% above the previous close of $3.83 | |
| 9:29 a.m. | Pre-market high, $5.57 | |
| 9:30 a.m. | The open: $5.55, up 44.9% from the previous close | |
| 9:32 a.m. | High of the day to the close, $6.25 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $4.24, 32.2% 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
- $3.83
- Open, 9:30 a.m.
- $5.55
- Gap at the open
- +44.9%
- Pre-market high
- $5.57 at 9:29 a.m.
- High, 4 a.m. to 4 p.m.
- $6.25 at 9:32 a.m.
- Low, 4 a.m. to 4 p.m.
- $4.00
- Close, 4 p.m.
- $4.24
- Change at 4 p.m.
- +10.7%
- After-hours high, 4 p.m. to 8 p.m.
- $4.40 at 4:03 p.m.
- Volume, 4 a.m. to 4 p.m.
- 5.88 million
- Volume after hours, 4 p.m. to 8 p.m.
- 254,324
- Relative volume by 8 p.m.
- 35.0×
- Float
- 10.54 million shares, from filings as of September 3, 2026
- Shares outstanding
- 30.49 million
- From news to the move: the first trade 20% above the previous close came 7 hours 45 minutes after the latest news item before it (Seeking Alpha, Sep 2, 8:14 p.m.).
- Volume, from the one-minute bars: 931,707 shares before the 9:30 a.m. open (15%), 2.70 million in the first 30 minutes (44%), and 2.50 million in the rest of the day to 8 p.m. (41%).
- Other days TLYS met the small-cap rule in our recaps: 1, the latest on September 2, 2026.
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 (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 |
|---|---|---|---|---|---|---|---|
| 9:33 a.m. | 9:38 a.m. | 5 min 9 s | down 0.5% | $5.25, down 3.3% | down 10.7% | 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 TLYS on September 3, 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.