The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Snap Inc shares valued at $620,660 were purchased by Young Eric on Feb 18 ’25. At $10.79 per share, Young Eric acquired 57,500 shares.
Also, Young Eric purchased 102,152 shares, netting a total of over 1,107,584 in proceeds.
Before that, Andersen Derek had added 61,334 shares to its account. In a trade valued at $665,018, the Officer bought Snap Inc shares for $10.84 each.
As published in a research note from Guggenheim on February 11, 2025, Snap Inc [SNAP] has been rated down from a Buy to a Neutral. Analysts at Barclays resumed the stock at ‘”an Overweight”‘ outlook in a report released in early February. As of February 05, 2025, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for SNAP. Earlier on October 23, 2024, JMP Securities upgraded its rating. Their new recommendation was “a Mkt outperform” for SNAP stock which previously was a “a Mkt perform”.
Analyzing SNAP Stock Performance
During the last five days, there has been a drop of approximately -0.83%. Over the course of the year, Snap Inc shares have jumped approximately 0.09%. Shares of the company reached a 52-week high of $13.28 on 01/10/25 and a 52-week low of $10.35 on 02/11/25. A 50-day SMA is recorded $11.34, while a 200-day SMA reached $12.23. Nevertheless, trading volume fell to 18.47 million shares from 23.74 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 10.68, which, if violated, would cause prices to drop to 10.57. In the upper region, resistance lies at 10.93. The next price resistance is at 11.07. RSI (Relative Strength Index) is 45.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.10, which suggests the price will decrease in the coming days. Percent R is at 68.84%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
