It would seems Reuben Kressel nailed it [6]. The retail investor perfectly top-ticked his 500-share sell order on 12/27 and since Twitter shares have tumbled 25% - with plenty of volatility in between. As the world waits breathlessly for the firm's first earnings call later this month, it seems 'taking profits' is the new norm as firm after firm shifts their buy-buy-buy reccomendations to 'hold' or 'sell'.
[7]
Have no fear as Evercore's Ken Sean ($70 Target), CRT's Neil Doshi ($65), and RBC's Mark Mahaney ($60) are still there for the bulls to rely on...