Discover — PEGA -16.22% + 1 more (3:00 PM ET)

$PEGA is the standout mover this cycle, down 16.22% intraday to $25.91.

PEGA has shed over $5 from its prior close of $30.94 with $10.3M in dollar-volume already through the session — meaningful flow for a name not on our core coverage list. This is a pure price-and-volume flag: the magnitude of the drop warrants attention regardless of cause. Watch for whether $25.91 holds as intraday support or if volume accelerates into the close, which would signal further distribution.

Other names crossing threshold this cycle:

• ▸SPCH — $7.01, -9.70% from $7.73, leading dollar-volume this cycle at $17.3M, outpacing even the lead mover on flow despite a smaller percentage drop; the volume-to-price-move ratio here is the flag.