Shares of Twilio Inc. were soaring 22% Tuesday morning to new highs as the company, which recently went public, extended its Monday gains. Shares of the S&P 500 were up 1% Tuesday. Shares of the cloud company were up 4% Monday, bucking an overall stock slump, after falling 9% Friday after news of the Brexit results. The company’s shares soared on its first day of trading, Thursday, as the company priced above its initial range and shares rocketed up more than 90% over the course of the day.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News