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Why Snap Stock Was Sliding Today

TheMotleyFool

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Why Snap Stock Was Sliding Today: https://g.foolcdn.com/editorial/images/776515/a-woman-with-a-skateboard-looking-at-a-phone.jpg

Shares of Snap (NYSE: SNAP) were pulling back after the company announced a debt offering. Investors seemed to balk at the move, which came after Snap delivered surprisingly strong first-quarter results, as it shows the social media company still hasn't reached the point where it can fund its own growth.

As a result, the stock was down 2.1% as of 1:13 p.m. ET.

Image source: Getty Images.

Source Fool.com

Snap Inc Stock

Snap Inc shows a slight decrease today, losing -€0.124 (-1.000%) compared to yesterday.
Our community is currently high on Snap Inc with 12 Buy predictions and 5 Sell predictions.
As a result the target price of 14 € shows a slightly positive potential of 13.99% compared to the current price of 12.28 € for Snap Inc.

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