Motorola Solutions Zapped After Becoming Most Recent Target Of Citron

Motorola Solutions Inc MSI shares are trading lower by $4.47 at$77.26 in Tuesday's session. The issue is being targeted by short seller Andrew Left of Citron Research. The issue was already slightly in the red before short-sellers seized on the issue.

The tweet, which called for a price target of $45.00, connected with Street around 10:15 a.m. ET and took the issue immediately from the $81.00 area to the $79.00 area in minutes. In volatile trading, it has worked its way down to $76.92 and is now trying to remain in the $77.00 handle.

That low comes in just above its November 7 low ($76.64) in the midst of three day run that took the issue from its November 3 close ($71.29) to its November 7 close ($77.71). That move was instigated by a much better-than expected Q3 report.

The other two lows during that run were $72.54 on November 4 and $71.24 on November 3.