Shares of Twitter, Inc. (TWTR) are lower by 4.42% in midday trading on Monday following a Re/code report that says the $18.27 billion market cap social communications firm is planning additional Board changes. The report also notes that some of the company’s “long-tenured members plan to leave, and have announced as much internally.”
After falling to a $26.68 intraday low, TWTR shares recently traded at $27.03, putting them on track to extend their 2015 slump of 24.56%.
The stock has a 52-week range of $21.01 to $53.49.
Twitter is down 30.75% year-over-year, compared with a 2.99% gain in the S&P 500.