Snap Inc’s recently made public that its Director Jenkins Elizabeth acquired Company’s shares for reported $91578.0 on Aug 16 ’24. In the deal valued at $9.19 per share,9,965 shares were bought.
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Then, Morrow Rebecca bought 8,923 shares, generating $81,235 in total proceeds.
Before that, O’Sullivan Michael J. bought 12,512 shares. Snap Inc shares valued at $113,933 were divested by the Officer at a price of $9.11 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 Friday, Snap Inc [NYSE:SNAP] saw its stock fall -0.75% to $9.23. Over the last five days, the stock has gained 1.99%. Snap Inc shares have fallen nearly -45.48% since the year began. Nevertheless, the stocks have risen 0.76% 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 08/07/24. SMA at 50 days reached $13.95, while 200 days put it at $13.73.
Levels Of Support And Resistance For SNAP Stock
The 24-hour chart illustrates a support level at 9.08, which if violated will result in even more drops to 8.93. On the upside, there is a resistance level at 9.33. A further resistance level may holdings at 9.44. The Relative Strength Index (RSI) on the 14-day chart is 27.16, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.39%. Stochastics%K at 15.84% indicates the stock is a buying.
How much short interest is there in Snap Inc?
A steep rise in short interest was recorded in Snap Inc stocks on 2024-07-31, growing by 5.5 million shares to a total of 71.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 66.09 million shares. There was a rise of 7.68%, which implies that there is a positive sentiment for the stock.
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.
