Snap (NYSE:SNAP) Rating Downgrade
Susquehanna cut Snap (NYSE:SNAP)’s stock to Negative rating from Neutral. This rating change was issued to investors and clients in a report today.
The stock rating downgrade is probably noticed by stock traders, as NYSE:SNAP is now trading -4.46% lower at $12.41 as of 4:09 AM New York time. Snap shares have [From2] 0% in the past 200 days, while the S&P500 Index has surged 6.00% in the same time.
Snap (NYSE:SNAP) Profile
Snap Inc., formerly Snapchat, Inc., is a camera company. The Company’s flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. The Company offers three ways for people to make Snaps: the Snapchat application, Publishers Tools that help its partners to create Publisher Stories, and Spectacles, its sunglasses that make Snaps.
Snap (NYSE:SNAP) traded down -4.46% on 7 February, hitting $12.41. A total of 30.68 million shares of the company’s stock traded hands. This is up from average of 26.82 million shares. Snap has a 52 week low of $11.28 and a 52 week high of $29.44. The company has a market cap of $14.94 billion and a P/E ratio of 0.
Get the latest Snap (NYSE:SNAP) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.
The post Snap (NYSE:SNAP) Rating Decreased to Negative by Susquehanna from Neutral appeared first on Octafinance.