Twilio Inc (NYSE: TWLO)
Twilio was off to a relatively normal start in the market today. While the stock started the day off in the green, the movement since the opening bell has been relatively uneventful. That is until recently. Moments ago, the stock started making a run for the top. Below, we'll talk about what we're seeing from the stock, why, and what we'll be watching for with regard to TWLO ahead.
What We're Seeing From TWLO
As mentioned above, Twilio was off to what seemed to be a normal start to the trading session today. When the opening bell rang, the stock was in the green, but not by much. From there, we saw some up, some down, but really, nothing that seemed worth talking about. Nonetheless, that all changed minutes ago as the stock started to make a run for the top. Currently (11:05), TWLO is trading at $31.36 per share after a gain of $1.42 per share (4.74%) thus far today.
Why The Stock Is Climbing
As usual, our friends at Trade Ideas were the first to send us the signal on this TWLO run. When they did, the CNA Finance team started working to see what was causing the movement. In this particular case, it didn't take long at all. It seems as though the gains are the result of new news with regard to the company's relationship with Amazon.
Minutes ago, we started to see several posts surrounding Twilio in the social space. The posts were particularly focused on the company's involvement with Amazon. According to the chatter, sources close to the story have told Benzinga that Amazon will further expand its relationship with TWLO. If this is indeed the case, it could be incredibly big news for the company.
What We'll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a very close eye on TWLO. In particular, we're watching for news with regard to the company's relationship with Amazon and whether or not that relationship will really be expanded. We'll keep a close eye on the news and bring you the updates as they break!
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