Snap Inc’s recent filing unveils that its CAO Morrow Rebecca unloaded Company’s shares for reported $95828.0 on Feb 18 ’25. In the deal valued at $10.84 per share,8,837 shares were sold. As a result of this transaction, Morrow Rebecca now holds 429,892 shares worth roughly $4.47 million.
Then, Andersen Derek sold 61,334 shares, generating $665,020 in total proceeds. Upon selling the shares at $10.84, the Chief Financial Officer now owns 3,564,235 shares.
Before that, Young Eric sold 102,152 shares. Snap Inc shares valued at $1,107,583 were divested by the SVP of Engineering at a price of $10.84 per share. As a result of the transaction, Young Eric now holds 3,443,419 shares, worth roughly $35.81 million.
Guggenheim downgraded its Snap Inc [SNAP] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who remained covering the stock and in early February has reiterated a ‘”an Overweight”‘ rating for it. Wells Fargo also remained covering SNAP and has decreased its forecast on February 05, 2025 with a “an Equal weight” recommendation from previously “an Overweight” rating. JMP Securities revised its rating on October 23, 2024. It rated SNAP as “a Mkt outperform” which previously was an “a Mkt perform”.
Price Performance Review of SNAP
On Tuesday, Snap Inc [NYSE:SNAP] saw its stock fall -0.19% to $10.40. Over the last five days, the stock has lost -5.80%. Snap Inc shares have fallen nearly -3.44% since the year began. Nevertheless, the stocks have fallen -3.08% over the past one year. While a 52-week high of $17.33 was reached on 01/10/25, a 52-week low of $8.29 was recorded on 02/25/25. SMA at 50 days reached $11.19, while 200 days put it at $12.10.
Levels Of Support And Resistance For SNAP Stock
The 24-hour chart illustrates a support level at 10.16, which if violated will result in even more drops to 9.92. On the upside, there is a resistance level at 10.58. A further resistance level may holdings at 10.76. The Relative Strength Index (RSI) on the 14-day chart is 42.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.59%. Stochastics %K at 13.67% indicates the stock is a buying.
The most recent change occurred on September 20, 2024 when B. Riley Securities began covering the stock and recommended ‘”a Neutral”‘ rating along with a $11 price target.
