Snap Stock News and Forecast: $SNAP craters 31% after announcing revenue slowdown
CEO Evan Spiegel says inflation, rising interests are biting into business.suddenly gave way to gloom from video-sharing platformannouncing ahead of time that it would not meet earlier guidance for 20-25% revenue growth in the second quarter. Snap stock caved 31% to $15.51 afterhours and is down a similar amount in Tuesday's premarket.headquarters in sunny Santa Monica is that the macroeconomy is making firms less excited about ad spending.
Falling to $10 would require a further 1/3 sell-off, which may seem unlikely. After all, the Relative Strength Index is already supplying a reading of 21, meaning extremely oversold. Most prognosticators are calling for the. In the event any individual session hosts a severe sell-off, $10 may be in reach. SNAP is not neutral until it closes above $22. It is not out of the woods either until it surmounts $24.70, which at current prices in the $15s seems a long way off.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Zoom stock rallies 20% after earnings beat, improved profit forecastZoom Video shares soared after hours Monday after the company topped Wall Street earnings expectations and said it expects to be more profitable this year.
Leer más »
Marvel Snap is an epic new multiverse card game for iPhone and AndroidMarvel and Second Dinner announced Marvel Snap, a collectible card game that puts the MCU multiverse action front-and-center.
Leer más »
Pre-Snap Reads 5/22: Revisiting QB trade options for SeahawksRead!
Leer más »
Marvel Snap is a speedy digital card game from former Hearthstone developersDr. Strange and the Multi-player-verse of Madness
Leer más »
Ashley Graham on relearning to love her body amid pressure to 'snap back' after birth'What I went through with childbirth has reshaped my relationship with my body.'
Leer más »