From Thursday high of 57.50 to today's low of 39.26, down 31.72% in less than 4 trading days. Disgusting!
MM's knocked the stock down to below 200DMA, just to take out stops; after that the stock traded above that line all day long, which is positive sign.
The stock went down 6 days in a row, a rare occurrence. Every time after such a drop, the stock came back strongly.
In the last 6 days, as off this very moment, 10,800.689 shares changed hands. But, the float in the stock is 12,830.000. So, almost all the float is now in somebody elses hands. In my opinion, in strong hands and in MM's hands.
On top of that, there is at least 1,500.000 shorted shares.
My take: We are about to turn around and the move up will be as violent as it was going down. The move up starts tomorrow if the market is up or neutral.