This is probably a stupid newbie question, but for a transaction isn't there a buyer and a seller? How can you say there is more selling pressure than buying pressure...doesn't there have to be people buying for people to be selling? If I am missing something please explain.
Its pretty simple however. When a stock goes down, there are more sellers than people wanting to buy. When stock price rises, there are more buyers than sellers. In either case the price adjusts to an equilibrium, the point where buying equals selling.
At the time of my post, the stock was down 8% on the day. As it turned out, it only finished down 2%. There was increased demand in the last couple of hours. Volume was about 500% of the recent averages.
They have been following up all their news in pairs it seems. I will be very surprised if it isn't today. It looked like there was a 250,000 trade this morning. I can't beleive anyone would want to sell after the news this morning. Carl DeSantis didn't get involved to lose money.