Snap Stock Has a Lot to Prove on Tuesday

Don't look now, but one of this year's earlier IPO dogs is starting to bark its way back into favor. Shares of Snap, Inc. (NYSE: SNAP) have moved higher for three consecutive months, and if it wants to stretch that streak to four, it's going to have to come through with strong quarterly results after Tuesday's market close.

Snapchat's parent company has seen its stock move 35% higher since bottoming out in early August. It remains a broken IPO, but given the stock's heady volatility in its brief public life, it wouldn't be a surprise if it closes above its IPO price of $17 for the first time in four months if it comes through with a blowout financial report this week. Falling short, naturally, could undo three straight months of upticks.

Image source: Snap, Inc.

Source: Fool.com