1 of 3 things?

The price action after the announcement for farmin partner delay IMO is one of the following 3 things:
1. There is a negative leak and big players, are slowly selling off stock.(The increase gap opens with price drive down during the day support this?) Also, nothing to our knowledge has changed fundamentally.
2. Instos taking advantage of speculative volatilty.
3. The anxiety of investors is getting the better of them and they are selling off.


These 3 options ofcourse include the hitting of stop losses to amplify the price action.

I think it is the second of the options. Can anyone tell me if I am missing something? or if there are further comments to add enlightenment.

Cheers