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
€7.38
-1.400%
Currently there is a rather positive sentiment for Snap Inc with 14 Buy predictions and 4 Sell predictions.
With a target price of 12 € there is a hugely positive potential of 62.56% for Snap Inc compared to the current price of 7.38 €.
