How Will the Market React to Snap Inc (SNAP) Stock Getting a Bullish Rating

Snap Inc (SNAP) stock is up 20.90% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Snap Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SNAP!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With SNAP Stock Today?

Snap Inc (SNAP) stock is higher by 2.89% while the S&P 500 is lower by -0.17% as of 11:28 AM on Friday, Nov 11. SNAP has risen $0.31 from the previous closing price of $10.74 on volume of 16,619,818 shares. Over the past year the S&P 500 has fallen -14.98% while SNAP is lower by -79.10%. SNAP lost -$0.69 per share in the over the last 12 months. To screen for more stocks like Snap Inc click here.

More About Snap Inc

Snap, which refers to itself as a camera company, has one of the most popular social networking apps, Snapchat, in developed regions such as North America and Europe. The firm has approximately 319 million daily active users. Snap generates nearly all its revenue from advertising with 72% coming from North America, mainly the U.S. The firm is headquartered in Venice, California. Click Here to get the full Stock Report for Snap Inc stock.