Its accumulation by the big buyers...... they drop the price hard on small volume, then accumulate shares for the balance of the day. Easy to do at the open. Come in with a sell order for 200,000 shares and drop the price before buy orders catch up. No one wants to step in too soon.
the drop was an overreaction, but unfortunately, we may not see a rebound until next Q release. I expect a rebound to $45-46 but nowhere near $50 until after the next earnings report in August.
I think you are low on revenues. I have no clue about earnings due to rapid expansion of corporate locations in April. There were a lot of upfront expenses to get these locations open.
your automatic sale is going to occur where ever the stock opens. If its at $7.50, that is what you get. Don't be surprised to find out that you sold at $7.50 and the stock runs back above that amount.