Shares of Palantir (NYSE: PLTR), Twilio (NYSE: TWLO), and HubSpot (NYSE: HUBS) each had a great month of January, rising 21.2%, 22.2%, and 20%, respectively, according to data from S&P Global Market Intelligence. Second, each is part of a new cohort of software businesses that enable companies to do more with data and automate either operations or customer communications. During the month of January, many beaten-down growth stocks saw a big bounce from their lows.
In the latest trading session, Twilio (TWLO) closed at $61.54, marking a -1.54% move from the previous day.
Twilio (NYSE: TWLO) was one of the more notable decliners in the 2021-22 bear market. Since that time, Twilio has bounced back, surging above the $60 level. Twilio is the leading provider in the communications platform-as-a-service (CPaaS) space.