Snap Stock Just Had Its Best Week Ever

Every dog stock has its day, and sometimes its week. Shares of Snap, Inc. (NYSE: SNAP) soared 19.4% last week, moving higher after a pair of bullish analyst moves and a report that its Snapchat Discover video content platform is a hit.

Snapchat's parent company has been in the doghouse since shortly after going public at $17 in early March. Snap stock has moved lower in its first five months of trading, but last week's move pushes the investment into positive territory for the month of August. Even weekly moves higher have been rare given its swift and steady descent after the initial IPO buzz. Last week's move tops the 16% gain investors experienced in its third week on the market, making last week's move its biggest percentage pop in its brief stint as a publicly traded company.

Image source: Snap, Inc.

Source: Fool.com