Twitter Breaches Major Support At $25 And Tanks

Twitter Inc TWTR shares are trading lower by $0.47 at $24.56 in Monday's session. Since November 17, the issue has made multiple lows just above and below $25 and rebounded. However, longs are throwing in the towel today as the issue opened lower but rallied no higher than $25.16 before reversing course. So far, it has traded as low $24.16, but rebounded into the mid-$24 handle. The current intra-day low represents the second-lowest intra-day low the issue has made since its IPO. Its all-time low was made amid the August 24 Flash Crash at $21.01.