One thing to note is that while many other tech stocks came down...

One thing to note is that while many other tech stocks came down 40-50% from their 2021/2022 highs, RUL remained elevated and only dropped 20% thereabouts until fairly recently.

My take is that it has been a very high quality stock and so many investors were reluctant to sell down. Plus it’s a small cap and illiquid.

I think a fund has been trying to exit and slowly exiting as to not dump everything all at once. Hence the sustained selling.

It likely will not drop much more below this point, unless some news or updates on missed expectations surfaces.