Watch the volume around the individual trades. If the individual trades are between 1 and 300 it is the specialists (MM) stiring the pot. If the trades are block trades then activity is for a reason. IMHO, reasons can be month end accounting, option movement effect or positioning for a larger buy or sell by an institution, to name a few.
I do like the fact the stock recovered Thursday, which means to me a movement up is coming short term. If we were to break down below $8.90 at the close this would be a bear sign, but for now it looks bullish. We will see what happens by the end of the month, day today but I would not be surprised to see KFN around $9.10 at the close today.