BUZZ-Snap on track to hit highest since bleak August report

Reuters

09/22

** Shares of social media firm Snap SNAP.N climb 7.2% to $8.75 in premarket trading

** Stock on track to hit its highest since early August, when it reported its slowest quarterly revenue growth in over a year

** SNAP was the sixth most discussed stock on retail trading forum Stocktwits.com

** Message sentiment on the stock was "extremely bullish", according to the platform

** The company faces tough competition from TikTok, whose future is hanging in balance as Washington and Beijing look to clinch a deal that would allow it to keep operating in the U.S.

** YTD, SNAP has lost 24% as of last close

(Reporting by Niket Nishant in Bengaluru)

((Niket.Nishant@thomsonreuters.com))

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