RE:News?I've looked at the volume data as well and it looks like we had 1-2 sellers in the morning who did a heavy sell off - that's why we hit the daily average transaction volume within the first 90 mins of the day.
What I'm kind of thinking as well is that these sell offs caused sell orders to hit - you can see after these sellers sold off.. it resulted in the price hitting around $3.65.. after which other sellers started dumping their shares as well. Virtu as an example dumped 100K shares right after the price hit $3.65. So best guess on my end is that this was just limit orders doing their thing.
Will wait for the dust to settle and to see if it continues downward momentum, but this might be a good time to add to the position.