Twitter Attempts To Hold Support After Downgrade

Twitter Inc.

shares are trading lower by $1.35 at $16.56 in Tuesday's session. One day removed from being rumored target of Silver Lake Partners, the issue has been downgraded from Hold to Sell at Stifel Nicolaus. After a lower open, it cold manage a nickel bounce to $17.27 before continuing lower. At this time, it is attmepting to find support in the same area ($16.45-$16.77) as it had in five of the its last six sessions. The outliar being Monday, when it bottomed at $17,30.