Baiya International is trading 9.7% down at $2.42 as traders extend a sharp multi-day selloff following last week’s reverse-split-driven spike.
- The decline is attributed to profit-taking and fading speculative interest after the July 20 reverse split and subsequent price volatility.
- No new company announcements or fundamental developments have been released to justify the current downward pressure.
- The stock continues to experience thin float volatility following recent pump-and-dump style price action.