Market Overview

Twitter Extends The Bottom End Of 10-Day Trading Range


Twitter Inc (NYSE: TWTR) shares are trading higher by $0.06 at $14.35 in Monday's session.

The social media stock has been drifting towards it all-time low ($13.73) since the Street wasn't satisfied with its Q4 report on February 9.

Over the last 10 trading sessions, Twitter's stock has been in a narrow trading range from $14.25 to $15.17. However, the highs in the range have been coming down and the lows have been extended. In the last six sessions, the issue has made lower lows and the low of the range has been expanded by a nickel from $14.25 to $14.20 earlier in Monday's price action.

That marks it lowest level for the stock since it made a low on June 10 at $14.00. Its all-time low was made in May 2016.

The Street has been negative on Twitter's stock, as it seven of the last eight rating changes have been downgrades. The one outlier being an initiation of coverage by Barclays with an Underweight Rating and $14 price target.


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