Here's Why Twilio, Walmart, Tilray, Aphria Are Moving
One of the most common questions traders have about stocks is “Why Is It Moving?”
That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why that stock is moving.
Here’s why shares of Twilio, Walmart, Tilray and Aphria are moving.
Shares of Twilio Inc (NYSE:TWLO) are trading higher after the company reported better-than-expected fourth-quarter EPS and sales results and issued first-quarter sales guidance above estimates.
Twilio provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally.
Walmart engages in retail and wholesale operations via their Walmart and Sam’s Club stores. Walmart’s revenue is driven by their 11,500 global stores under 56 banners and e-commerce.
Shares of Aphria Inc (NASDAQ:APHA) are trading higher in sympathy with Tilray Inc (NASDAQ:TLRY) after the company reported better-than-expected fourth-quarter EPS and sales results.
Last month, our team reported Aphria and Tilray announced a merger to create the largest enterprise in the industry by revenue.
Tilray and Aphria engage in the research, cultivation, processing, and distribution of medical cannabis.
The companies offer their products to patients, physicians, pharmacies, governments, and hospitals; and for researchers for commercial purposes, as well as compassionate access and clinical research applications.
Photo courtesy of Tilray.
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.