24H | Snap Shares Surge 13%, Extending Last Week’s Rally

Tiger Newspress
09/22

Social media company Snap shares surged 13.2% in overnight trading. No news or catalyst known so far.

Snap stock closed 3.32% lower at $8.16 on Friday, September 19, after six straight sessions of gains.

Nonetheless, the stock had been on a winning streak.

The Snapchat creator last week released Snap OS 2.0, the XR operating system powering its fifth and upcoming sixth gen Spectacles AR glasses, which are expected to launch next year. The shares jumped 11.2% last week.

JMP Securities maintained its Market Perform rating on Snap on Thursday, with analyst Andrew Boone citing positive feedback from marketers about the platform’s performance.

US President Trump last week issued a new executive order on the U.S. operations of TikTok, delaying enforcement of an effective ban once again. The delay benefits Snap because it implies that the Chinese/American deal -- the specifics of which have yet to be provided -- will take some time to implement. In the hands of well-capitalized American investors, TikTok on our shores could be developed into a giant social media company that might eat share from sector players like Snap.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10