Why Snap Stock Was Plunging Today
Shares of Snap (NYSE: SNAP), the parent of Snapchat, were tumbling after the social media company issued another disappointing earnings report. In particular, the company's guidance was weaker than expected, and it grew more slowly than its competitors.
Broader concerns about the economy after a weak unemployment report came out this morning also seemed to be weighing on the stock.
As of 11:13 a.m. ET on Friday, Snap shares were down 24.6%.
Source Fool.com
Snap Inc Stock
€8.03
-6.350%
Currently there is a rather positive sentiment for Snap Inc with 14 Buy predictions and 7 Sell predictions.
With a target price of 14 € there is a hugely positive potential of 74.39% for Snap Inc compared to the current price of 8.03 €.
