Streetbeat News

SNAP

Snap Inc.

https://www.snap.com

Industry

Internet Content & Information

Snap Inc. operates as a camera company in North America, Europe, and internationally. The company offers Snapchat, a camera application with various functionalities, such as Camera, Communication, Snap Map, Stories, and Spotlight that enable people to communicate visually through short videos and images. It also provides Spectacles, an eyewear product that connects with Snapchat and captures photos and video from a human perspective; and advertising products, including AR ads and Snap ads comprises a single image or video ads, story ads, collection ads, dynamic ads, and commercials. The company was formerly known as Snapchat, Inc. and changed its name to Snap Inc. in September 2016. Snap Inc. was founded in 2010 and is headquartered in Santa Monica, California.

Open

10.71

Mkt cap

18B

Volume

16M

High

10.71

P/E Ratio

-18.28

52-wk high

17.90

Low

10.49

Div yield

N/A

52-wk low

8.29

Snap Inc. (NYSE:SNAP) is facing a bearish outlook as its stock experiences a Death Cross, indicating potential downward movement. Despite launching new AR Spectacles, insider stock sales by executives have raised concerns. The stock has declined significantly, with technical indicators suggesting further bearish momentum.

Portfolio Pulse from Surbhi Jain

August 23, 2024 | 4:19 pm

The options market shows a bearish sentiment towards Snap (NYSE:SNAP), with 66% of big-money traders favoring puts over calls. The trading activity suggests a focus on a price range of $8.0 to $11.0. Snap's stock is currently trading at $9.27, with a slight increase of 0.38%.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 4:15 pm

Benzinga's 'Stock Whisper' Index highlights five under-the-radar stocks: AST SpaceMobile, Cingulate Inc, Palantir Technologies, Workday Inc, and Snap Inc. AST SpaceMobile is set to launch five satellites, Cingulate received a European patent for its ADHD treatment, Palantir reported strong Q2 results and partnerships, Workday is set to report Q2 results, and Snap saw interest despite negative news.

Portfolio Pulse from Chris Katje

August 16, 2024 | 3:40 pm

Soros Fund Management's Q2 2024 13F filing reveals the fund has exited positions in several companies, including Vestis, Freeport-McMoRan, Micron, Snap, Viper Energy, NextEra Energy, United Therapeutics, and 3M.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 8:34 pm

Snap Inc. (NYSE:SNAP) has seen a 13.91% increase in its short percent of float, now at 7.86% of all regular shares available for trading. This indicates a bearish sentiment among investors, as it would take traders 3.43 days to cover their short positions. Snap's short interest is higher than its peer group average of 4.68%.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 8:00 pm

Jim Cramer provided stock recommendations on CNBC's 'Mad Money Lightning Round.' He recommended buying Applied Materials (AMAT) and expressed negative views on Snap (SNAP), Aflac (AFL), Albemarle (ALB), Elevance Health (ELV), and Main Street Capital (MAIN). He preferred Chubb (CB) over Aflac in the insurance sector and UnitedHealth Group (UNH) over Elevance Health. He also commented on Alibaba (ABBA) as an 'incredibly cheap stock.'

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 12:50 pm

TikTok is adding group chats to its platform, allowing users to create and join group chats with up to 32 people. This move positions TikTok as a competitor to popular messaging services like Meta's WhatsApp and Apple's Messages. The feature includes safety measures for teens and the ability to create custom stickers in DMs.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 6:04 pm

Citigroup analyst Ronald Josey maintains a Neutral rating on Snap (NYSE:SNAP) but lowers the price target from $16 to $11.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 1:18 pm

The article highlights three oversold tech and telecom stocks in the communication services sector: Bumble Inc (BMBL), Tripadvisor Inc (TRIP), and Snap Inc (SNAP). These stocks have recently reported worse-than-expected second-quarter revenue results, leading to significant declines in their stock prices. The RSI values for these stocks indicate they are oversold, presenting potential buying opportunities.

Portfolio Pulse from Avi Kapoor

August 09, 2024 | 10:43 am

Snap shares are trading higher amid overall market strength.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 7:05 pm

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