Stock Market Today, Feb. 6: Snap's Fallen Almost 25% This Week, Even After Today's Gains
(NYSE:SNAP), a developer of the Snapchat visual messaging app with AR features, closed Friday at $5.22, up 1.95%. The stock has still fallen 24.68% this week. It gained today as investors reassessed Snap’s post-earnings sell-off in the light of analyst upgrades.
Trading volume reached 89.0 million shares, coming in about 96% above its three-month average of 45.4 million shares. Snap IPO'd in 2017 and has fallen 79% since going public.
The S&P 500 (SNPINDEX:^GSPC) rose 1.97% to 6,932, while the Nasdaq Composite (NASDAQINDEX:^IXIC) gained 2.18% to finish at 23,031. Among social media peers, Meta Platforms (NASDAQ:META) closed at $661.46, down 1.31%, while (NYSE:PINS) ended at $19.60, up 1.45%. Pinterest announced a workforce reallocation, cutting almost 15% of its staff, as it focuses more attention on artificial intelligence (AI) activities.
Source Fool.com
Snap Inc Stock
Currently there is a rather positive sentiment for Snap Inc with 12 Buy predictions and 4 Sell predictions.
With a target price of 10 € there is a hugely positive potential of 96.08% for Snap Inc compared to the current price of 5.1 €.