In a filing, Snap Inc revealed its Officer Murphy Robert C. acquired Company’s shares for reported $8.63 million on Aug 06 ’24. In the deal valued at $8.63 per share,1,000,000 shares were bought.
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Then, Spiegel Evan bought 150,000 shares, generating $1,318,338 in total proceeds.
Before that, Michael O’Sullivan Living Trus bought 18,000 shares. Snap Inc shares valued at $235,620 were divested by the Officer at a price of $13.09 per share.
HSBC Securities downgraded its Snap Inc [SNAP] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in late July from “an Underweight” to “an Equal-weight”. Wolfe Research began covering SNAP with “Peer perform” recommendation on July 16, 2024. HSBC Securities revised its rating on April 26, 2024. It rated SNAP as “a Buy” which previously was an “a Reduce”.
Price Performance Review of SNAP
On Tuesday, Snap Inc [NYSE:SNAP] saw its stock fall -0.80% to $8.64. Over the last five days, the stock has lost -34.00%. Snap Inc shares have fallen nearly -48.97% since the year began. Nevertheless, the stocks have fallen -19.63% 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 08/05/24. SMA at 50 days reached $14.93, while 200 days put it at $13.75. A total of 46.91 million shares were traded, compared to the trading of 52.15 million shares in the previous session.
Levels Of Support And Resistance For SNAP Stock
The 24-hour chart illustrates a support level at 8.44, which if violated will result in even more drops to 8.23. On the upside, there is a resistance level at 8.93. A further resistance level may holdings at 9.21. The Relative Strength Index (RSI) on the 14-day chart is 13.67, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.18%. Stochastics%K at 3.72% indicates the stock is a buying.
The most recent change occurred on January 17, 2024 when Piper Sandler resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $17.
