Actually, if you dropped all prices prior to Dec 5th Ex-Divvy Date (Spec. Div. of $4.50) by $4.50, you'd get a 200 day SMA of around $45.78. Not enough time has gone by that we can just forget about it.
The problem is that the management team simultaneously took the money and ran. None of the normal baloney explanations (like some peculiar need for cash) can be effectively used when they act together. I was one of the stupid ones who didn't sell out as soon as word came out that management's sold out .
Look, RGR is what is called a "momentum" stock. Momentum, as you know, tends to feed upon itself. I think that's what's called inertia. In any event, RGR's recent movement is more emotionally than fundamentally driven. For that reason, it is not for the faint of heart. How can you measure emotion, especially when fanned by radical elements? But when it does snap back to its mean, it will be swift and violent. Fasten your seat belt.
I think RGR will continue to drop through next week. Starting the week of April 8, Congress comes back from its recess and the Senate will vote on the gun control bills, which will promptly fail. Then RGR gets a bump and momentum changes. Also, expect buying by day traders in mid-April in the lead up to the earnings report on April 30, which will likely be another blowout with good guidance.