Snap Inc’s filing revealed that its General Counsel O’Sullivan Michael J. unloaded Company’s shares for reported $0.24 million on Feb 28 ’25. In the deal valued at $10.16 per share,24,000 shares were sold. As a result of this transaction, O’Sullivan Michael J. now holds 518,354 shares worth roughly $4.98 million.
Then, Michael O’Sullivan bought 24,000 shares, generating $246,000 in total proceeds.
Before that, Morrow Rebecca sold 8,837 shares. Snap Inc shares valued at $95,828 were divested by the CAO at a price of $10.84 per share. As a result of the transaction, Morrow Rebecca now holds 429,892 shares, worth roughly $4.13 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 -1.74% to $9.60. Over the last five days, the stock has lost -7.69%. Snap Inc shares have fallen nearly -10.86% since the year began. Nevertheless, the stocks have fallen -12.89% 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 03/04/25. SMA at 50 days reached $11.04, while 200 days put it at $11.95.
Levels Of Support And Resistance For SNAP Stock
The 24-hour chart illustrates a support level at 9.28, which if violated will result in even more drops to 8.95. On the upside, there is a resistance level at 9.89. A further resistance level may holdings at 10.18. The Relative Strength Index (RSI) on the 14-day chart is 34.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.18%. Stochastics %K at 15.45% 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.
