Stock trades like there is an underlying rig attempt. Every day near the close there is an effort to mark it up. Nevertheless, the volume has been insufficient to generate much upside. Thus, if the selling pressure abates, it could bounce, although at this time I can't think of any fundamental reason why anyone would want to own the shares as long as there is no clarity on when earnings will be sufficient to restart dividend payments and share repurchases, and that doesn't appear to be imminent.
Finally, there is no question in my mind that there was insider information involved in the trading just before they announced the realignment news. Look at the price action and volume. This is not a clean stock and I have decided to stay away after initially thinking I might try to play the back off. Rigs can work in smaller caps, but I don't play them and I don't fight them.