Bale out...even a blind person can see that the price of ANY commodity, stocks included, is based on supply and demand. Econ 101
The value of a company is purely mathematical: price of stock at a particular time times the outstanding shares. The more people who want to own the stock juxtaposed to the number of those who want to sell the stock is what causes the price to move up or down. This can be because of news; rumor; or the hope that the company MAY do well in the future. I am aware of one investor who has purchased over 2 million shares of SMME. Do you think if that person chose to sell all the shares the "price" last quoted would be the price they receive? OF COURSE NOT. It would be much lower, to the bid quote and may move the bid quote lower as well, thus affecting the value of the company WITHOUT there being a reason other than the sale of the stock. Yes, the sale MAY be predicated upon news...or that the seller became disenchanted with the company or just needed the money.
Perhaps you may remember Amazon stock decades ago when quarter after quarter and year after year they lost money. NOT a very valuable company to own. However, the price of the stock continued to rise as more and more investors purchased the stock based on expectations....that they may be bought out for their extensive list of customers.
I also refer you to posts three or four back which also seeks to enlighten you to reasons for the stock prices movement other than for "news" or the dissemination of inside information.
News 
Market Data 
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