Friday, March 31st, 2023

Snap Inc. stock underperforms Wednesday when compared to competitors

Published: March 15, 2023 at 5:23 p.m. ET

Shares of Snap Inc. SNAP sank 0.29% to $10.34 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index COMP rising 0.05% to 11,434.05 and the Dow Jones Industrial Average DJIA falling 0.87% to 31,874.57. Snap Inc. closed $29.46 short of its 52-week high ($39.80), which the company achieved on April 5th.

The stock underperformed when compared to some of its competitors Wednesday, as Apple Inc. AAPL rose 0.26% to $152.99, Microsoft Corp. MSFT rose 1.78% to $265.44,…

Shares of Snap Inc.

SNAP

sank 0.29% to $10.34 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index

COMP

rising 0.05% to 11,434.05 and the Dow Jones Industrial Average

DJIA

falling 0.87% to 31,874.57. Snap Inc. closed $29.46 short of its 52-week high ($39.80), which the company achieved on April 5th.

The stock underperformed when compared to some of its competitors Wednesday, as Apple Inc.

AAPL

rose 0.26% to $152.99, Microsoft Corp.

MSFT

rose 1.78% to $265.44, and Alphabet Inc. Cl A

GOOGL

rose 2.28% to $96.11. Trading volume (20.3 M) remained 13.8 million below its 50-day average volume of 34.2 M.

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