Snap Inc’s recent filing unveils that its Officer Michael O’Sullivan Living Trus acquired Company’s shares for reported $0.21 million on Nov 29 ’24. In the deal valued at $11.61 per share,18,000 shares were bought.
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Then, Young Eric sold 50,000 shares, generating $526,765 in total proceeds. Upon selling the shares at $10.54, the SVP of Engineering now owns 752,110 shares.
Before that, Young Eric bought 50,000 shares. Snap Inc shares valued at $526,764 were divested by the Officer at a price of $10.54 per share.
JMP Securities upgraded its Snap Inc [SNAP] rating to a Mkt outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in mid September with a ‘”a Neutral”‘ rating. Cantor Fitzgerald began covering SNAP with “Neutral” recommendation on September 05, 2024. HSBC Securities revised its rating on August 02, 2024. It rated SNAP as “a Hold” which previously was an “a Buy”.
Price Performance Review of SNAP
On Friday, Snap Inc [NYSE:SNAP] saw its stock jump 1.72% to $11.81. Over the last five days, the stock has gained 11.10%. Snap Inc shares have fallen nearly -30.24% since the year began. Nevertheless, the stocks have fallen -9.01% over the past one year. While a 52-week high of $17.90 was reached on 01/09/24, a 52-week low of $8.29 was recorded on 08/07/24. SMA at 50 days reached $11.01, while 200 days put it at $12.25.
Levels Of Support And Resistance For SNAP Stock
The 24-hour chart illustrates a support level at 11.65, which if violated will result in even more drops to 11.49. On the upside, there is a resistance level at 11.99. A further resistance level may holdings at 12.18. The Relative Strength Index (RSI) on the 14-day chart is 59.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.19%. Stochastics %K at 64.62% indicates the stock is a holding.
How much short interest is there in Snap Inc?
A steep rise in short interest was recorded in Snap Inc stocks on 2024-11-15, dropping by -5.7 million shares to a total of 66.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 72.07 million shares. There was a decline of -8.59%, which implies that there is a negative sentiment for the stock.
