Why Snap Stock Popped on Wednesday
Social media company (NYSE: SNAP) proved to be a popular stock on Wednesday, as news about a peer made its equity look attractive. Snap closed the day more than 3% higher in price, comparing very favorably to the slight decline of the benchmark S 500 index.
Towards the end of Tuesday's trading session, President Trump issued the latest in a series of executive orders concerning TikTok, the controversial short-form video app from Chinese developer ByteDance.
Image source: Getty Images.
Source Fool.com
Snap Inc Stock
€6.85
1.060%
Currently there is a rather positive sentiment for Snap Inc with 10 Buy predictions and 5 Sell predictions.
With a target price of 10 € there is a positive potential of 45.9% for Snap Inc compared to the current price of 6.85 €.
