Volume has increased and price is decreasing. It would appear that someone is getting out of their position in this.
If there was nothing left to sell, then stock would not continue to decline. Are you saying that that we are at the bottom?
We are in a short term (I hope) bear market. A lot of stocks are getting killed, even though their fundamentals are good. It's not 2012. This should not be trading in the 4's. But the future needs to look more stable.
The reason is that we are in a short term bear market. A lot of stocks are getting killed, even though their fundamentals are good. This will pass.
The shares sold were a type "F" transaction, which mean they were sold to pay for taxes on stock options that were granted to them. They still hold 130,000 and 55,000 shares. Phantomhawk is full of FUD, and doesn't know how to read a Form 4.
This is not a lawsuit, it is an "investigation". Which is an attempt to find a lead plaintiff. You see this a lot when stocks drop like GNW has.
The SEC filing says "paid out" in the 3rd quarter. I believe that they have to accrue the expense in the 2nd quarter, and probably wanted to come to a formal agreement before the 2nd quarter financials were released.