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Why Twilio Stock Crashed 32% in April

TheMotleyFool

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Shares of cloud-based messaging company Twilio (NYSE: TWLO) crashed 32.2% in April, according to data provided by S&P Global Market Intelligence, a far worse performance than the S&P 500's 8.8% decline.

Twilio was punished for being a richly valued growth stock, tumbling alongside other pandemic highfliers, and an analyst price target cut in mid-April didn't help the cause. Twilio reported strong first-quarter results in early May, but that wasn't enough to undo April's damage.

Image source: Getty Images.

Source Fool.com

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