🔴 Twilio is trading 4.5% down today on profit-taking after recent consolidation and AI rally

Twilio is trading at $196.06 (4.5% down) in pre-market, pulling back after a recent consolidation period between $205 and $218.

• The move appears to be driven by profit-taking and high-beta software volatility rather than any new company-specific news or fundamental shifts.
• The decline comes despite a broader tech lift, with Nasdaq futures trading up over 1% this morning.
• Shares are retracing after a period of strength fueled by the broader tech and AI-driven market rally.