Overall market sentiment has been neutral on Snap Inc (SNAP) stock lately. SNAP receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.
Snap Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on SNAP!
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With SNAP Stock Today?
Snap Inc (SNAP) stock is trading at $11.53 as of 11:03 AM on Thursday, Mar 28, a gain of $0.09, or 0.79% from the previous closing price of $11.44. The stock has traded between $11.35 and $11.68 so far today. Volume today is less active than usual. So far 3,285,091 shares have traded compared to average volume of 26,864,474 shares.
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.
Share this article:
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You're all set to receive the Morning Update newsletter
