Snap Inc shares dropped 5.69% to $65.13 Wednesday. The session proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index COMP rising 0.01% to 14,665.06 and the Dow Jones Industrial Average DJIA rising 0.30% to 34,681.79.
Snap Inc. closed $8.46 below its 52-week high ($73.59), which the company achieved on February 24th. The stock underperformed when compared to some of its competitors Wednesday, as Apple Inc. AAPL, +1.80% rose 1.80% to $144.57, Twitter Inc. TWTR, -2.07% fell 2.07% to $68.76, and Facebook Inc. Cl A FB, -0.65% fell 0.65% to $350.49.
Snap Inc. has a beta value of 1.27 and has seen 10,762,022 shares traded in the last trading session. The company, currently valued at $107.59 Billion, closed the last trade at $68.49 per share which meant it gained $0.83 on the day or 1.23% during that session. The company’s shares are -7.45% off its 52-week high price of $73.59 and 69.91% above the 52-week low of $20.61. If we look at the company’s 10-day average daily trading volume, we find that it stood at 12.05 Million shares traded. The 3-month trading volume is 20.77 Million shares.