What's Going On With Snap Inc. Stock?
Portfolio Pulse from Erica Kollmann
Snap Inc. (NYSE:SNAP) shares are trading lower on heavy volume, pulling back after gaining more than 6% over the last five days. More than 23.1 million shares have been traded in the session, compared to the stock's 100-day average of 26.436 million shares. 7.8% of available shares are being sold short.
September 06, 2023 | 4:45 pm
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Snap Inc.'s stock is trading lower on heavy volume, pulling back after a recent gain. The stock is a favorite among retail investors, with 7.8% of available shares being sold short.
The stock is trading lower after recent gains, indicating a potential correction. The high trading volume and percentage of shares being sold short suggest that investors may be taking profits or betting on a price decline.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100