DoubleVerify craters, loses $2B in market cap, gets double downgrade by BofA
Seeking Alpha News (Thu, 9-May 9:06 AM ET)
Snap prices $650M convertible debt offering
Seeking Alpha News (Thu, 9-May 5:27 AM ET)
Snap Announces Pricing of $650 Million Convertible Senior Notes Offering Due 2030
Business Wire (Thu, 9-May 2:41 AM ET)
Snap Announces Proposed Private Offering of $650 Million of Convertible Senior Notes Due 2030
Business Wire (Wed, 8-May 7:15 AM ET)
Snap Inc. Announces First Quarter 2024 Financial Results
Business Wire (Thu, 25-Apr 4:10 PM ET)
SNAP Options are Pricing in a Large Earnings Move
Market Chameleon (Thu, 25-Apr 12:56 PM ET)
Snap Inc. Announces Date of First Quarter 2024 Results Conference Call
Business Wire (Thu, 4-Apr 9:00 AM ET)
Snap to Host 6th Annual Snap Partner Summit on September 17, 2024
Business Wire (Tue, 2-Apr 9:00 AM ET)
PRNewswire (Tue, 26-Mar 8:00 AM ET)
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Snap Inc. - SNAP
Globe Newswire (Thu, 7-Mar 4:52 PM ET)
Snap owns one of the most popular social networking apps, Snapchat, claiming more than 400 million daily active users as of the end of 2023. Snap generates nearly all its revenue from advertising. While only about one quarter of users are in North America, the region accounts for about 65% of sales.
Snap Class A trades on the NYSE stock market under the symbol SNAP.
As of May 14, 2024, SNAP stock price declined to $15.71 with 2,655,383 million shares trading.
SNAP has a beta of 1.76, meaning it tends to be more sensitive to market movements. SNAP has a correlation of 0.10 to the broad based SPY ETF.
SNAP has a market cap of $27.07 billion. This is considered a Large Cap stock.
Last quarter Snap Class A reported $1 billion in Revenue and $.03 earnings per share. This beat revenue expectation by $75 million and exceeded earnings estimates by $.08.
In the last 3 years, SNAP stock traded as high as $83.34 and as low as $7.33.
The top ETF exchange traded funds that SNAP belongs to (by Net Assets): VTI, VO, VXF, VUG, FDN.
SNAP has outperformed the market in the last year with a price return of +83.7% while the SPY ETF gained +28.4%. SNAP has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +41.0% and +8.4%, respectively, while the SPY returned +5.9% and +2.3%, respectively.
SNAP support price is $15.20 and resistance is $16.32 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SNAP stock will trade within this expected range on the day.