I finally figured out what is happening with this stock
Hedge funds are naked shorting this stock on the weak volume probably knowing insider information that the clinical trials are not going well and bad news is coming. It just does not make sense that the people who paid $10 in the IPO would sell, but it would explain why the stock goes down everyday.
I have to admit I held too long ignoring the obvious. The selling on the buy recommendation is what confirmed my suspicion.