TransDigm Continues Lower

TransDigm Group Incorporated TDG shares are trading lower by $2.00 at $232.74 in Tuesday's session. The issue has been under selling pressure since March 9, when Andrew Left of Citron Research publicly targeted the issue for a short position.

Left is skeptical of the company's business practices, which may include undisclosed relationships and potential illegal activities in bidding for government contracts.

Adding fuel to the fire is an update from The Capitol Forum at around noon Tuesday suggesting whistle-blowers may have stepped forward.

Despite the negative headline, TransDigm's stock hasn't breached the pair of lows from the last two sessions at the $229.50 area. If that level is breached, there may be limited support until its February 6 low of $224.10.