Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Snap Inc shares valued at $3,788 were sold by Coles Joanna on Dec 09 ’24. At $12.50 per share, Coles Joanna sold 303 shares. The insider’s holdings dropped to 52,792 shares worth approximately $0.63 million following the completion of this transaction.
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Also, Morrow Rebecca sold 32,000 shares, netting a total of over 397,482 in proceeds. Following the sale of shares at $12.42 each, the insider now holds 433,064 shares.
Before that, Morrow Rebecca had added 32,000 shares to its account. In a trade valued at $397,483, the Officer bought Snap Inc shares for $12.42 each.
As published in a research note from JMP Securities on October 23, 2024, Snap Inc [SNAP] has been rated up from a Mkt perform to a Mkt outperform and the price target has been revised to $17. Analysts at B. Riley Securities started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid September. As of September 05, 2024, Cantor Fitzgerald has initiated its “Neutral” rating for SNAP. Earlier on August 02, 2024, HSBC Securities downgraded its rating. Their new recommendation was “a Hold” for SNAP stock which previously was a “a Buy”.
Analyzing SNAP Stock Performance
During the last five days, there has been a drop of approximately -4.91%. Over the course of the year, Snap Inc shares have dropped approximately -29.12%. Shares of the company reached a 52-week high of $17.75 on 01/09/24 and a 52-week low of $8.29 on 08/07/24. A 50-day SMA is recorded $11.31, while a 200-day SMA reached $12.30. Nevertheless, trading volume fell to 21.55 million shares from 32.85 million shares the previous day.
Support And Resistance Levels for Snap Inc (SNAP)
According to the 24-hour chart, there is a support level at 11.75, which, if violated, would cause prices to drop to 11.49. In the upper region, resistance lies at 12.50. The next price resistance is at 12.99. RSI (Relative Strength Index) is 53.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.32, which suggests the price will decrease in the coming days. Percent R is at 39.62%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
