Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Snap Inc shares valued at $8,025,400 were sold by Murphy Robert C. on May 01 ’25. At $8.03 per share, Murphy Robert C. sold 1,000,000 shares. The insider’s holdings dropped to 54,517,308 shares worth approximately $448.13 million following the completion of this transaction.
Also, O’Sullivan Michael J. sold 24,000 shares, netting a total of over 185,875 in proceeds. Following the sale of shares at $7.74 each, the insider now holds 483,660 shares.
Before that, Murphy Robert C. had added 1,000,000 shares to its account. In a trade valued at $7,965,135, the Officer bought Snap Inc shares for $7.97 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 surge of approximately 4.98%. Over the course of the year, Snap Inc shares have dropped approximately -23.68%. Shares of the company reached a 52-week high of $13.28 on 01/10/25 and a 52-week low of $7.08 on 04/08/25. A 50-day SMA is recorded $8.68, while a 200-day SMA reached $10.30.
Support And Resistance Levels for Snap Inc (SNAP)
According to the 24-hour chart, there is a support level at 8.07, which, if violated, would cause prices to drop to 7.93. In the upper region, resistance lies at 8.36. The next price resistance is at 8.51. RSI (Relative Strength Index) is 47.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.03, which suggests the price will decrease in the coming days. Percent R is at 57.39%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
