Why Snap Stock Was Sliding Today
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 Aktie
4,36 €
6,87 %
Snap Inc ist ein kleiner Community-Favorit mit mehr Buy- als Sell-Einschätzungen.
Das Kursziel von 9 €, festgelegt von der Community für Snap Inc, zeigt ein Potenzial von 106.66%, was einer Verdopplung des aktuellen Kurses entspricht.
