Another Twitter Rally Fails

Twitter Inc. TWTR shares are unchanged at $16.20 in Wednesday's session. Its rally off the open may be attributed to positive comments from Nanigans CEO, who stated video is the "best performing product on Twitter."

The rally has peaked ahead of Tuesday's high ($17.04), only reaching $16.77 before reversing course. At this time, it's attempting to stabilize in the area of Tuesday's low ($16.14), reaching $16.13, but has not been able to distance itself from that low.