Twilio Inc TWLO shares are trading higher by $1.30 (3.2 percent) at $33.90 in Friday's session. The issue is getting a lift from its Q3 beat of $0.04 along with nearly $5 million more in revenues.
The issue, which has been cut in half since it peaked on September 28 at $70.96, bottomed on Thursday at $32.41. That marks the lowest level for issue since it bottomed at $31.75 on June 29.
Following a higher open, it continued in that direction until it peaked ahead of Wednesday's high ($36.37) at $35.20.
Today's price action is taking place on higher than average volume. With just less than four hours left in the session, 5.1 million shares have traded compared to its 20-day average of 6.9 million shares.
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