PSIG is trading 15.7% down at $1.22 in pre-market, extending a massive selloff from Friday that saw the stock plummet from $11.80 to $1.45.
- The current move appears to be continued repricing and volatility following the sharp June 26 selloff, with no new company-specific catalysts or earnings reports disclosed.
- Recent coverage suggests prior momentum was largely driven by technical factors and logistics-sector sentiment rather than fundamental news.