Snap Inc (SNAP) stock has gained 6.66% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With SNAP Stock Today?
Snap Inc (SNAP) stock has fallen -2.12% while the S&P 500 is up 1.05% as of 3:11 PM on Monday, Jul 13. SNAP has fallen -$0.54 from the previous closing price of $25.52 on volume of 12,900,393 shares. Over the past year the S&P 500 has gained 5.66% while SNAP is up 61.16%. SNAP lost -$0.74 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for 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 158 million daily active users. Snap generates nearly all of its revenue from advertising with 88% coming from the U.S. The firm is headquartered in Venice, California.
