RESPONSE FROM IR!!!Sorry for the delay. There is no company/industry news that we are aware of that has been driving the selling pressure since earnings.
There is a seller working through Canaccord's pipes, creating selling pressure at a time when many potential buyers such as institutional funds are on vacation. There appears to be a large block on the market, which can create an overhang. Note, this is separate than GSO’s block, which has completed its sales of its 14M shares.
YTD TSG is up about 17%, so there may be profit taking. There was a decline following the Q1 earnings results and based on the most recent 13F filings for institutional holdings as at June 30, larger sales in Q2 occurred from a few relatively large holders who had been buying in 2016 and early 2017.
Thanks,
Tim
i screen shotted the email too. But idk how to post an image from
my phone on here lol