EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Forex News

Snap Stock Underperforms as Risk Assets Boom

Admin by Admin
September 12, 2022
in Forex News
0
Snap Stock underperforms
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
MMC MMC

Snap (SNAP) stock underperformed the main indices on Friday as it continued its struggle to regain some credibility with investors. With the stock down a colossal 83% over the past year and 73% in 2022, it is no wonder that attracting buyers will prove difficult.

SNAP caught a couple of bullish analyst notes in the last few weeks as bottom pickers waded into the carcass. UBS said the bottom may be in from July in terms of growth, and Bank of America liked what they saw in a leaked internal memo from Snap CEO Evan Spiegel. We believe it was The Verge that first reported details of the memo.

In the memo, Evan Spiegel said he is aiming to grow users up to 450 million by the end of next year with a focus on attracting older users.

The memo noted Spiegel as saying they got punched in the face by 2022.  So maybe some green shoots but a reminder that it was only in May that the company said it will again miss estimates for revenue and earnings. That led to another sharp sell-off.

Read Also- Mullen Automotive Stocks Down 9% Despite Its Recent Stake

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Tags: Snap StockStock
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

Tether’s USDT Launches on Near Blockchain

Next Post

AUD/USD Gains Traction Amid Weaker USD

Admin

Admin

Next Post
AUD USD pair

AUD/USD Gains Traction Amid Weaker USD

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
Virtual stadium in the metaverse

Why Virtual Stadium Can Be the Next Big Thing in the Metaverse

January 26, 2023
USDD Depegs

USDD Stablecoin Depegs To $0.96, Tron (TRX) Dumped

December 12, 2022
What is Initial Coin Offering?

Initial Coin Offering (ICO)

0
What is staking?

Staking

0
What is Defi?

Defi (Decentralized Finance)

0
Differences between Axie Infinity and Decentraland

Axie Infinity and Decentraland: Features and Differences

0
TERRA LUNA CLASSIC AND USTC LINKING

Terra Proposes Recoupling LUNC and UST Months After Collapse

February 3, 2023
Binance Re-Enters South Korea Acquiring Gopax Crypto Exchange

Binance Re-Enters South Korea Acquiring Gopax Crypto Exchange

February 3, 2023
FTX Debtors Warn Customers Of Scams Promising Return Of Assets

FTX Debtors Warn Customers Of Scams Promising Return Of Assets

February 3, 2023
Commerzbank EURUSD

Things are getting increasingly difficult for bulls – Commerzbank

February 3, 2023

Recent News

TERRA LUNA CLASSIC AND USTC LINKING

Terra Proposes Recoupling LUNC and UST Months After Collapse

February 3, 2023
Binance Re-Enters South Korea Acquiring Gopax Crypto Exchange

Binance Re-Enters South Korea Acquiring Gopax Crypto Exchange

February 3, 2023
FTX Debtors Warn Customers Of Scams Promising Return Of Assets

FTX Debtors Warn Customers Of Scams Promising Return Of Assets

February 3, 2023
Commerzbank EURUSD

Things are getting increasingly difficult for bulls – Commerzbank

February 3, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Forex News
  • Gaming
  • Reviews
  • Stocks

Recent News

TERRA LUNA CLASSIC AND USTC LINKING

Terra Proposes Recoupling LUNC and UST Months After Collapse

February 3, 2023
Binance Re-Enters South Korea Acquiring Gopax Crypto Exchange

Binance Re-Enters South Korea Acquiring Gopax Crypto Exchange

February 3, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>