Twitter Inc (NYSE: TWTR) shares are trading lower by $0.52 at $16.50 in Tuesday's session. A price reduction at Goldman Sachs from $40 to $28, coupled with estimates being cut at Nomura has the issue in the red.
See Also: Twitter: Negative Sentiment Building After Departures Of Executives
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After a higher open, it rallied another penny to $17.23 before turning lower. The ensuing decline has breached Monday's low ($16.51), reaching $16.40. At this time, it has not been able to distance itself from that level.
The only other major support level is its all-time low that was made on January 20 at $15.48.