Baiya International is trading at $2.38 (-11.38%) as the selloff extends following last week’s reverse-split-driven spike.

  • Traders are unwinding a thin-float move that sharply inflated the stock after the July 20 reverse split, leading to significant profit-taking.
  • The stock has fallen for multiple sessions as momentum traders exit the position rather than reacting to new operating news.
  • While the move fits a broader risk-off market tone, company-specific reverse-split mechanics appear to be the primary driver.