Neutral/Negative Catalysts
- Sharp selloff today (-9.84%) plus weak recent price action suggests near-term distribution and poor tape support.
- Key technical risk: price is sitting near S2 (~14.886); a breakdown could trigger another leg lower.
- Elevated political/award uncertainty highlighted by Stifel (downgraded to Hold) around major NASA contract outcomes.
- High implied volatility indicates the market expects big swings; this can punish impatient long entries if timing is off.
- No notable supportive flow from hedge funds/insiders recently (both described as neutral).
