Many factors at work lowering share price. Now that we've had a huge share price run up the dividend yield is down to around 6% which is not enticing enough to lure in a lot of new investors. Even a vastly inferior company like RSO is paying well over 10%. I think that makes a difference in luring in new investors even if it is not an entirely rational approach. Obviously for those of us long time holders with average costs well below current share price this is all totally jolly, I for one have seen my portfolio boom to heights I had never imagined possible in my long term planning but I suspect the buying pressure has eased considerably. Add in the general market weakness, serious short attacks and the fact that the price just may have gone up too far too fast and voila. I'm not worried or concerned in the slightest bit and I'd be a buyer if I wasn't all in and then some.
I agree, plus I think some people may be put off by the complexities of the spin-off. They may be waiting until the dust clears before they make a buying decision. I'm out just now, hoping for a re-entry in the 14's.