In a filing, Snap Inc revealed its CAO Morrow Rebecca unloaded Company’s shares for reported $22593.0 on Mar 17 ’25. In the deal valued at $8.83 per share,2,560 shares were sold. As a result of this transaction, Morrow Rebecca now holds 427,332 shares worth roughly $3.73 million.
Then, Andersen Derek sold 33,618 shares, generating $296,813 in total proceeds. Upon selling the shares at $8.83, the Chief Financial Officer now owns 3,507,897 shares.
Before that, Andersen Derek sold 22,720 shares. Snap Inc shares valued at $195,049 were divested by the Chief Financial Officer at a price of $8.58 per share. As a result of the transaction, Andersen Derek now holds 3,541,515 shares, worth roughly $30.92 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 -2.89% to $8.73. Over the last five days, the stock has lost -1.47%. Snap Inc shares have fallen nearly -18.94% since the year began. Nevertheless, the stocks have fallen -23.35% 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 03/13/25. SMA at 50 days reached $10.63, while 200 days put it at $11.62.
Levels Of Support And Resistance For SNAP Stock
The 24-hour chart illustrates a support level at 8.57, which if violated will result in even more drops to 8.41. On the upside, there is a resistance level at 8.98. A further resistance level may holdings at 9.23. The Relative Strength Index (RSI) on the 14-day chart is 35.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.88%. Stochastics %K at 20.48% 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 2025-02-28, dropping by -0.12 million shares to a total of 62.06 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 62.17 million shares. There was a decline of -0.19%, which implies that there is a negative sentiment for the stock.
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.
