Top 5 Biggest Losers in 1 Hour:
No.1 $AIOT -4.56%
No.2 $IDOL -2.96%
No.3 $MAGMA -2.67%
No.4 INIT -2.53%
No.5 WET -2.22%

Brief comment: Losses are relatively spread out, suggesting sector rotation. The biggest losers often see oversold rebounds, but a bounce does not necessarily mean a bottom has formed.

#AIOT