Neutral/Negative Catalysts
- Strong bearish technical structure (downtrend across short/medium/long MAs) with worsening MACD momentum.
- Insider activity is a major negative: insiders are selling, and selling increased ~468.88% over the last month.
- No supportive news in the past week → no evident event-driven catalyst to arrest the downtrend.
- High implied volatility suggests the market expects large moves; with the chart weak, that skew increases downside risk.
- Market backdrop is risk-off today (S&P 500 down ~1.03%), which typically hurts micro/small-cap, higher-volatility names.
