Snap Inc’s recently made public that its Chief Financial Officer Andersen Derek unloaded Company’s shares for reported $1.9 million on Jun 17 ’24. In the deal valued at $15.49 per share,122,429 shares were sold. As a result of this transaction, Andersen Derek now holds 2,385,578 shares worth roughly $39.86 million.
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Then, O’Sullivan Michael J. sold 58,924 shares, generating $913,811 in total proceeds. Upon selling the shares at $15.51, the General Counsel now owns 1,391,122 shares.
Before that, Morrow Rebecca sold 2,415 shares. Snap Inc shares valued at $37,444 were divested by the CAO at a price of $15.50 per share. As a result of the transaction, Morrow Rebecca now holds 481,328 shares, worth roughly $8.04 million.
HSBC Securities upgraded its Snap Inc [SNAP] rating to a Buy from a a Reduce in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who remained covering the stock and in mid January has reiterated a ‘”a Neutral”‘ rating for it. BMO Capital Markets began covering SNAP with “an Outperform” recommendation on January 09, 2024.
Price Performance Review of SNAP
On Tuesday, Snap Inc [NYSE:SNAP] saw its stock jump 6.64% to $16.71. Over the last five days, the stock has gained 5.49%. Snap Inc shares have fallen nearly -1.30% since the year began. Nevertheless, the stocks have risen 54.44% over the past one year. While a 52-week high of $17.90 was reached on 01/09/24, a 52-week low of $8.28 was recorded on 04/16/24. SMA at 50 days reached $14.86, while 200 days put it at $12.94. A total of 22.24 million shares were traded, compared to the trading of 27.67 million shares in the previous session.
Levels Of Support And Resistance For SNAP Stock
The 24-hour chart illustrates a support level at 16.00, which if violated will result in even more drops to 15.30. On the upside, there is a resistance level at 17.09. A further resistance level may holdings at 17.48. The Relative Strength Index (RSI) on the 14-day chart is 65.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.28%. Stochastics %K at 70.80% indicates the stock is a holding.
