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 Stock
€7.05
-1.810%
Our community is currently high on Snap Inc with 11 Buy predictions and 4 Sell predictions.
As a result the target price of 11 € shows a very positive potential of 55.98% compared to the current price of 7.05 € for Snap Inc.
