Why Twilio Rallied Today
Shares of cloud-based communications software platform Twilio (NYSE: TWLO) were rising above the market on Monday, up 4.8% on the day.
There was absolutely nothing in the news to suggest a big move of this sort today; however, the stock has been decimated this year, as the market has been unforgiving to growth stocks that lose lots of money on their bottom lines.
With an eye toward potential deceleration in inflation numbers and new inflation data set to come out tomorrow morning, Twilio may be seeing an influx of buyers trying to front-run better economic news.
Source Fool.com
