Snap gains 5.11% within $9.84 to $10.4 daily range

Published: May 27 2023, 07:50 GMT+0

Snap gains 5.11% within $9.84 to $10.4 daily range

Yesterday at a glance: the US camera and social media company rallied 5.11% and maintained $10.28.

  • The day's trading volume totalled 20.14 million shares — slightly below the 21-day average of 27.98 million.

With around 3 days until market open on the New York Stock Exchange, yesterday's session saw to it that Nasdaq rises 2.19% before ending the session at 12,976. Snap went up yesterday and similar gains were seen throughout the Communication Services sector (up 0.271%).

The US social media platform has fallen back around 40.18% over the past 10 months, from a notable high of $16.35. So far this year, it has been under-performing the Nasdaq by 3.26%. The US social media platform's market cap currently stands at $16.47 billion with an average daily trading volume of 27.98 million shares. Snap has a forecast of $1 billion with an EPS of -1.667 cents.

This rally in Snap's share price coincided with other communication services stocks as Netflix added 5.54% to its value, and traded at $378.88. Meta Platforms traded at $262.04 after closing yesterday's trading day at $252.69 (up 3.7%). AT&T traded at $15.5 after closing yesterday's trading day at $15.15 (up 2.31%).

Back