Why Snap Inc Stock Fell Thursday
Shares of social network company Snap (NYSE: SNAP) fell as much as 5.3% on Thursday. Shares finished the trading day down 4.1%.
The stock's decline on Thursday extends Snap's double-digit slide on Wednesday as bearish sentiment about the company's worse-than-expected third-quarter earnings release persists. In addition, an analyst downgrade from Morgan Stanley following the earnings release may have made matters worse.
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Source: Fool.com