There may be some dilution, but I think the primary force is inertia. Where news is anticipated and then delayed (the symbol change), the stock will almost always drift down.
I would expect higher volume with dilution. IMO this is just traders getting bored and tired of watching other stocks run.
The money flow is still good and the fast stochs are in oversold territory. Overall, not such a great chart, but there are highlights and this could go positive easily.