The $75 seems a bit too high.
They cut revenue 10% and earnings 20%. Drop the average target price by 30% and you get $40 still. Down every day into earnings. Everyone knew. Should be a back up the truck situation. But who knows.
Should it be trading for less than that? Earnings have chance of growing in future.
Surely if someone was willing to buy all those shares in the $80's....they will be loving to buy it at $20's.
The last hour runup may get reversed. $16.65 a more realistic price