Twilio Inc Attempting To Avoid First Close Under $30 Since June

Twilio Inc TWLO shares were trading lower by $0.70 at $29.90 in Friday's session, trading lower for the third day in a row and for the tenth time in its last thirteen sessions.

The once hot IPO roared from its opening price in June at $23.99 all the way to $70.96 in September has now made a now low since making that high. There is no significant news on the issue to account for today's decline.

After a flat open, it rallied to $30.95 before reversing course. The ensuing decline has taken the issue to $29.62, and it is not far off that low. That eclipses its former low for the down at $29.92, which provided the base for a rebound rally to $38.88.

It is attempting to avoid its first close under $30 since, June 22, when it ended the session at $29.92.

At time of publication, shares were down 1.76 percent at $30.06.