Snap Inc's stock plummeted 5.67% intraday on Tuesday, extending the social media company's recent weakness as executive share sales compounded negative investor sentiment.

The decline comes against a backdrop of persistent net losses and consecutive sessions of share price weakness for the company. Snap Inc reported EPS of -$0.05 in its most recent quarterly earnings released in early May, underscoring continued profitability challenges that have weighed on the stock.

While the scale of insider selling remains limited, the transactions have amplified bearish market sentiment toward the company, contributing to the significant intraday decline.