Twilio Inc (NYSE: TWLO) is having a strong start to the trading session today as the stock spikes toward the top. The gains seem to be the result of rumors that are causing excitement among investors. Of course, our partners at Trade Ideas were the first to alert us to the movement. At the moment (10:05), TWLO is trading at $32.06 per share after a gain of $0.57 per share (1.79%) thus far today.
TWLO Takeover Chatter
As mentioned above, Twilio is having a strong day in the market today after rumors broke early in the session. The rumors suggest that the company will soon be taken over. However, I’d be careful with this one. At the end of the day, it seems nearly impossible to track the origin of the rumors, and they are overwhelmingly vague. They don’t even suggest who the buyer of the company may be.
This brings us to a quick reminder. Keep in mind that rumors take place nearly every day in the market. While rumors do happen nearly every day, takeovers do not. The reality is that most rumors prove to be invalid. In this particular case, chances are not good that a takeover is actually in the works. Considering how vague the rumors are and how difficult it is to track a source down, this is likely invalid! So, if you’re going to make a move on this run, please do so with caution!
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on TWLO. In particular, we’re interested to see if a takeover does indeed take place. Of course, if it happens, it would return incredible value to shareholders. Nonetheless, don’t hold your breath. This one doesn’t seem to be realistic.
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