Why Snap Stock Is Plummeting Today
(NYSE: SNAP) stock is suffering big sell-offs on the heels of the company's latest earnings report. The social media specialist's share price was down 18.4% as of 11:45 a.m. ET amid the backdrop of a 0.6% gain for the S 500 (SNPINDEX: ^GSPC) and a 0.7% gain for the Nasdaq Composite (NASDAQINDEX: ^IXIC).
Snap released its second-quarter report after the market closed yesterday, and investors are selling the stock in response to details contained in the business update. While revenue for the period met Wall Street's forecast, earnings were below expectations -- and there are indications that the business is now facing a weaker-than-expected outlook.
Image source: Getty Images.
Source Fool.com
Snap Inc Aktie
4,12 €
0,37 %
Derzeit ist die Community gegenüber der Snap Inc Aktie mit 11 Buy-Einschätzungen und 4 Sell-Einschätzungen positiv gestimmt.
Mit einem Community-Kursziel von 10 € für Snap Inc wird ein starkes Wachstumspotenzial gegenüber dem aktuellen Kurs von 4.12 € gesehen.
