Snap Inc Shares Crashed

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 trading volume 17.4 M) remained 875,741 below its 50-day average volume of 18.3 M. The shares drop broke the raise streak. The company is a camera company. We believe that reinventing the camera represents our greatest opportunity to improve the way people live and communicate. We contribute to human progress by empowering people to express themselves, live in the moment, learn about the world, and have fun together.

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.