Courtesy of Benzinga.
Twilio Inc (NYSE: TWLO) shares were trading lower by $0.70 at $29.90 in Friday’s session, trading lower for the third day in a row and for the tenth time in its last thirteen sessions.
The once hot IPO roared from its opening price in June at $23.99 all the way to $70.96 in September has now made a now low since making that high. There is no significant news on the issue to account for today’s decline.
After a flat open, it rallied to $30.95 before reversing course. The ensuing decline has taken the issue to $29.62, and it is not far off that low. That eclipses its former low for the down at $29.92, which provided the base for a rebound rally to $38.88.
It is attempting to avoid its first close under $30 since, June 22, when it ended the session at $29.92.
At time of publication, shares were down 1.76 percent at $30.06.
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