SunEdison Sinks After Rumors Of Talks With Second Lien Holders

SunEdison Inc.

shares are trading lower by $0.40 at $1.61 in Tuesday's session. With the long-term outlook for the company in limbo, rumors of talks with second-lien holders has nervous investors heading for the exit. Off the open, it found resistance just above Monday's close ($2.01), at $2.02 before turning lower. So far, the ensuing decline has reached $1.60 and it is not far off that level. This marks the lowest level for the issue since it put in pair of lows at the $1.50 level, back on March 2 ($1.49) and March 3 ($.51).