This thing is so manipulated and they seem to take it down in extremes before it races back 10-15% in a few days. Picked up more at $5.70, great buy.
Strip out the valuation for "goodwill," and the book value of ACI is over $8.
If by "Manipulated" you mean sellers headed for the doors...
Yes it is manipulated.
Truth is, they missed earnings big time and the industry is in a huge funk.
It will survive, methinks, but recovery will take time, much time.