Sounds like it...I have also seen this where a plants stems were damaged during the process...not broken so to speak but bent enough that it compromises transport of water up through the plant
Try not to keep the soil soggy. It should be moist but not saturated.
Consider putting an umbrella over it to minimize water loss.
I would consider cutting it back by at least a few inches to help with the transplant shock. It should recover quickly.
Walter, I love the idea of putting a shade umbrella over it!