The shares of Snap Inc. (NYSE: SNAP) traded 3.3% lower at $ 80.43 amid broad market weakness as tech and growth stocks weaken on a surge in 10-year government bond yields.
The 10-year government bond yield hit a daily high of 1.517% on Monday morning before falling to around 1.484%. The 10-year bond surge came after the US Federal Reserve spoke last week about ending its ongoing asset purchase program. An increase in
Calling itself a camera company, Snap has one of the most popular social networking apps, Snapchat, in developed regions like North America and Europe.
Should Investors Sell Right Now? Or is it worth joining Snap?
Snap has approximately 158 million daily active users. Snap makes almost all of its revenue from advertising, with 88% coming from the United States. The company is headquartered in Venice, California.
Snap has a 52-week high of $ 83.34 and a 52-week low of $ 24.13.
Should Snap Investors Sell Right Now? Or is it worth getting started?
How will Snap develop now? Is your money safe in this stock? The answers to these questions and why you need to act now can be found in the latest Snap stock analysis.
Snap: Buy or Sell? Read more here …
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