Twilio Crosses $30 After JMP Upgrade


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Twilio Inc (NYSE:TWLO) shares are trading higher by $1.00 (3.6 percent) at $29.83 in Wednesday's session. The catalyst for the rally is an upgrade from JMP Securities, which changed their rating on the issue from Market Perform to Outperform.

The issue, which had been in a trading range from $25.98 to $30.50, has tested the upper-range in today's session. After a higher open, it continued in that direction with the rally stalling just ahead of that level at $30.37 and reversed course.

Twilio is attempting to post its first close over $30.00 since December 28, when it ended that session at $30.21.


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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: TechnicalsIntraday UpdateMoversTrading Ideas