Stock Alert: Twilio Reaches 52-Week High

Shares of Twilio Inc. (TWLO) touched a 52-week high of $325.85 Monday morning, and are currently trading at $324.26, up $18.02 or 5.88% in regular trading session. Trading volume is rising over 2.27 million versus an average volume of 2.93 million shares.

Twilio said it entered into a definitive agreement to acquire Segment for about $3.2 billion in Twilio Class A common stock, on a fully diluted and cash free, debt free basis. The transaction is expected to close in the fourth quarter of 2020.

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