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Why Snap Stock Lost 25% in July

TheMotleyFool

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Why Snap Stock Lost 25% in July: https://g.foolcdn.com/editorial/images/693731/slide-9-snap-guy-looking-at-phone-source-getty.jpg

Shares of Snapchat parent Snap (NYSE: SNAP) crashed last month after the social media maven delivered a disappointing second-quarter earnings report, reporting weak top-line growth and a loss on the bottom line. Additionally, it declined to give guidance for the third quarter, an indicator that the company is seriously struggling in the current macroeconomic environment.

According to data from S&P Global Market Intelligence, the stock finished the month down 25%. As you can see from the chart below, the stock lost even more than that on July 22 after the earnings report came out.

Source Fool.com

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