Tech Stock News
Tuesday, March 21, 2023
Wallstreet believed that Snap Inc (NYSE:SNAP) was the next big thing after Facebook immediately it went public in a successful Initial Public Offering (IPO). The company had seen a market gap and leveraged on it- appealing to a class of young users Facebook had neglected. Two years down the line, […]
Following the exit of top executives of Snap Inc (NYSE:SNAP) including Tim Stone, Chief Financial Officer, the share price declined to $7 from an IPO price of $17. The stock slumped further to $4.99 as the company loses users quarterly basis. However, the stock recovered and trading at $10.30. Snap […]
Snap Inc (NYSE:SNAP) closed the last trading session at $9.24 down 0.42%. The stock has been trending upwords, here is latest news on the company. Snap entered into a pact with Lego to sell the adult clothing line via Snap chat. The brands in London are in a race to promote Lego’s […]
Twitter Inc. (NYSE:TWTR) slumped in the previous session and its stock lost 2.56% closing $30.01. On the other hand Snap Inc. (NYSE:SNAP) continued to maintain its strong outlook by gaining 6.18% in the previous trading session to close the day at $9.10. The reason behind Twitter losing is the announcement […]
Snap Inc (NYSE:SNAP) chief financial officer, Tim Stone, has not served the company even for a year, but he is resigning. The high-profile executive joined Snap eight months ago after moving from Amazon. According to Snap, the CFO is leaving the company in pursuit of other personal interests. Stone’s exit […]
Snap Inc. (NYSE:SNAP) has had an indifferent year in term of their stock prices that kept plummeting. Their year ended with shares trading at $5.51 down from $14 at the beginning of the year marking a 62% drop in stock price. Although SNAP’s stock price has been on the decline […]
Life for Snap Inc (NYSE:SNAP) is not easy, especially since going public. Immediately after the initial public offering (IPO), the share price grossed at $24.48. However, the share price is grossing at $5.92 presently. This is over four times below the price immediately after the IPO. Snap Inc. is a […]
Snap Inc. (NYSE:SNAP) underperformance in the market look set to continue heading into 2019. Investors’ sentiments in the stock have hit all-time lows, amidst weakening fundamentals. A bearish stance in the market has not helped the situation further fuelling the sell-off wave. The stock finds itself in a precarious position […]
After a long wait for tech IPOs on the New York Stock Exchange, Snap Inc. (NYSE:SNAP) arrived with a bang. Early 2017, the firm went public with over 200 million shares on offer. Interestingly, Snap’s shares closed up 44% on the first day of trading. However, the firm’s growth is […]
A 50% plus plunge, is the last thing Snap Inc. (NYSE:SNAP) investors expected after a solid start to the New Year. Sentiments have changed, as the company appears to have crumbled under pressure and in the process attracted immense short selling pressure. Sell-off Trigger Ever since the stock rallied by […]