Snap Inc. Insiders Can Sell at Last, and Selling Sure Is Happening

Snap Inc. Insiders Can Sell at Last, and Selling Sure Is Happening

In this MarketFoolery segment, host Chris Hill, Million Dollar Portfolio's Jason Moser, and Stock Advisor Canada's Taylor Muckerman consider how the market is treating much-maligned social media upstart Snap Inc. (NYSE: SNAP), which has stumbled hard since its IPO. A major lockup period ended Monday, allowing insiders to take some money off the table. It would be no surprise if supply and demand sent the stock lower, but that didn't happen, and these Fools have some thoughts about why. They also discuss where the company is headed in the long term and why nobody should be comparing it to Facebook (NASDAQ: FB) -- yet.

A full transcript follows the video.

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Source: Fool.com