I actually agree with you.
The HFTs have ruined this business. And the NYSE is all for it, because, if the NYSE didn't have the HFTs locate their servers on the Floor of the NYSE, the NYSE would be out of business. NYSE tape-revenues are almost non-existent to what they used to be so now they generate a tremendous amount of revs from having the HFTs lease space from them. To me, these guys are front-running scum that should be banned from trading.
I agree with you that an algo program is trading this stock daily. Without news, it's all algo, all day long. Flip back and forth for a penny. When you see the market sprayed with 200 lots of 100 shares all at once (20,000 block) its a HFT hittig the bid or taking an offer ahead of a real buyer or seller. It's BS.
This stock will continue to be manipulated until they actually have some real news which will be God knows when.