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Today we are talking about Acacia Communications (ACIA) and Twilio (TWLO)
They are two of the top IPOs of 2016.
They have been popular stocks because of they are high growth stocks.
Acacia’s 52 week low is $27.05.
Acacia’s 52 week high is $128.73.
Twilio’s 52 week low is $23.66
Twilio’s 52 week high is $70.96.
Acacia is $30 off its 52 week high because it filed for a SPO (secondary public offering) where it priced to sale shares at $100.
Twilio also announced a SPO but it hasn’t announced the selling price yet for the new shares.
The SPOs has put selling pressure on the shares of both Twilio and Acacia.
Both companies have pre-announced better than expected earnings.
The narrative should change once both companies have their next earnings call.
Twilio has earnings November 3, 2016.
Acacia has earnings November 10, 2016.
If they beat earnings and have great earnings, expect the stocks to reverse and start climbing higher.
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