What's Going On With Snap Stock?
Portfolio Pulse from Erica Kollmann
Snap, Inc. (NYSE:SNAP) shares are moving higher, adding to the stock's climb over the last 30 days. The stock is moving higher on heavy trading volume despite a lack of company specific news. Snap shares have gained more than 10% over the last two trading sessions, and the stock has surged more than 30% over the last month. Snap CEO Evan Spiegel said the company's MyAI chatbot, which was released in February, already has 150 million users and could drive higher revenues. Snap will release its second-quarter financial results on July 25.
July 12, 2023 | 4:46 pm
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Snap shares are moving higher on heavy trading volume. The stock has surged more than 30% over the last month. The company's MyAI chatbot could drive higher revenues.
The stock is moving higher despite a lack of company specific news, indicating strong investor interest. The company's MyAI chatbot, which already has 150 million users, could drive higher revenues, providing a positive outlook for the company. The upcoming release of second-quarter financial results could also influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100