Why Twilio Stock Popped Today
Shares of Twilio Inc. (NYSE: TWLO), a cloud-based communications software company, jumped on seemingly no company-specific news today. Instead, the company's stock was likely rising as some investors grew more optimistic about the market following recent quarterly results from banks.
The tech stock was up by 3.2% as of 1:16 p.m. ET.
Investors have been looking for any sign that the U.S. economy may be in better shape than they had feared, and when Bank of America, Bank of New York Mellon, and Goldman Sachs recently reported better-than-expected quarterly results, investors found what they were looking for.
Source Fool.com
