Nah, Today Price Action little to do with PXT and everythingto do with Market Automated Trading in response to FEDs interest rate anouncement/guidance. As you can see, the entire market basically move the same.
PXT maybe different with virtually NO DEBT, but that doesn't matter, Automated Trading doesn't factor this in.
Great for company buybacks.... not so much for us shareholders. Long term these buybacks at low share prices will payoff.... as long as oil prices don't go into the $60s, $50s I think PXT will do well with the buybacks.
But like I've alway been saying, prefer company to rebuild balance sheet/Cash Balance more before buying back more shares.
Market Crash.... Automated Trading will take down PXT also.... I think I'll save some cash to take advantage just in case it happens.