As of June 22, 2023, there have been 13 Unusual Options Trades for Snap, with a sentiment split of 76% bullish and 23% bearish, according to market analysis. This indicates that a high net worth individual has taken a positive stance on the stock, and the large position revealed in public options history could suggest insider knowledge of an impending event. The sentiment of these big-money traders is divided between bullish and bearish, with 5 puts and 8 calls identified as special options. The puts amount to $199,273 while the calls total $693,900. Over the past three months, it appears that whales have been targeting a price range of $6.0 to $12.0 for Snap based on the volume and open interest on these contracts. The mean open interest for Snap options trades today is 13180.14 with a total volume of 51,990.00. The most significant options identified are calls with a bullish sentiment, an expiration date of August 18, 2023, and a strike price of $12.00.
Snap Inc. Stock Performance on June 22, 2023: A Detailed Analysis
On June 22, 2023, the stock performance of Snap Inc. (SNAP) was closely watched by investors, analysts, and traders alike. The previous close of the stock was $10.23, and today’s open was $10.16, indicating a slight dip in the stock price. The day’s range was between $10.16 and $10.64, with a volume of 20,672,547 shares traded. The market capitalization of Snap Inc. was $17.1 billion.
Snap Inc. is a technology services company that operates in the packaged software industry. The company’s net profit margin was -31.07%, and its earnings growth for the last year was -183.99%. However, the earnings growth for this year was +12.24%, and the expected earnings growth for the next five years is +13.80%. The revenue growth for the last year was +11.78%.
On June 22, 2023, Snap Inc. was outperformed by other technology services companies such as Pinterest Inc. (PIN), which saw a 4.96% increase in its stock price, and Tradeweb Markets Inc. (TW), which saw no change in its stock price. Tencent Music Entertainment Group (TME) saw a slight dip of -0.13% in its stock price, and Match Group Inc. (MTCH) saw no change in its stock price.
Overall, the stock performance of Snap Inc. on June 22, 2023, was relatively stable, with a slight dip in the stock price.
Snap Inc (SNAP) Stock Update: Analysts Predict Target Price of 9.00 Amid Upcoming Earnings Report
On June 22, 2023, Snap Inc (SNAP) stock was trading at a price of 10.64. The 31 analysts offering 12-month price forecasts for SNAP have a median target of 9.00, with a high estimate of 14.00 and a low estimate of 6.00. The current consensus among 42 polled investment analysts is to hold stock in Snap Inc. Snap Inc’s current quarter earnings per share is -$0.24, and the sales are $1.1B. The company is set to report its earnings on July 25th, 2023. Investors should keep a close eye on Snap Inc’s earnings report and any updates on the company’s growth strategy.
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