Can Snap Inc. Stock Bounce Back After Last Week's 10% Drop?
Momentum is still working against Snap, Inc. (NYSE: SNAP) and its shareholders. Shares of Snapchat's parent company tumbled 10.47% last week, falling after posting problematic quarterly results.
Decelerating growth and souring analysts will scare away growth stock investors, and the uncertainties of a disruptor getting disrupted make it a hard steak knife to catch when it's falling. Shares of Snap hit a new all-time low on Friday, something that naturally isn't saying much since the stock's only been trading publicly since hitting the market in early March. However, the shares have fallen every month in its brief public tenure. The stock is currently trading nearly 14% lower in August, so that unfortunate losing streak is unlikely to end this month.
Image source: Snap, Inc.
Source: Fool.com
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