Big overcorrection this will bounce back at days end not go down. All the short term longs have jumped ship and shorts have jumped on. Whats left are long term longs this will keep the stock where it is. The shorts will soon cover taking profits and drive the stock up. No way should this announcement drop a stock by 11 percent. Buy now and make a quick bounce back to 35.
By the way I bet aftermarket today you will see a big jump because of all the shorts covering.
Most probebly will , But I think they will downgrade it too in next few days , Normally when a stock goes down some anaylysts downgrade it too and it is like they put some iceing on the cake too , after few years in this game I have learned few things and that is one them .