Shares for Snap Continue to Tumble
You are here
Business 

Shares for Snap Continue to Tumble

On Thursday, shares for Snap fell below $20 for the first time since the company’s public listing. Following two days of big gains after its IPO, Snap’s stock has dropped from a peak of more than $29 as investors worry about its lack of profitability. Other Wall Street Analysts have said that the reason for the drop is Snap’s slowing user growth, widening losses and lack of voting rights for outside investors. According to Thomson Reuters, at least six analysts recommend selling shares of Snap, while none recommend buying.
http://feeds.reuters.com/~r/reuters/topNews/~3/2S7YkLGzg6c/us-snap-stocks-idUSKBN16N2PD

Home

This video was produced by YT Wochit Business using http://wochit.com


Related posts