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. Read More...
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.
