Twilio Shares Fall 11% to $243.62, S&P 500’s Biggest Decliner
Twilio shares dropped 11% to $243.62 on Friday, making the stock the S&P 500’s worst performer. The shares fell below their 50-day moving average of $253.97.
Twilio was the S&P 500’s weakest performer Friday, with its shares falling 11% to $243.62. The decline took the cloud communications company’s stock below its current 50-day moving average of $253.97, a potential bearish signal for investors. The source text ends mid-sentence after “The last time the stock dropped,” so the remainder cannot be rewritten without adding information.