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Shares of Snap Inc. (SNAP) shed 9.44% to $14.11 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index falling 0.41% to 12,081.39 and Dow Jones Industrial Average falling 0.67% to 32,990.12. The stock's fall snapped a three-day winning streak. Snap Inc. closed $69.23 short of its 52-week high ($83.34), which the company reached on September 24th.
The stock underperformed when compared to some of its competitors Tuesday, as Apple Inc. (AAPL) fell 0.53% to $148.84, Twitter Inc. (TWTR) fell 1.42% to $39.60, and Meta Platforms Inc. (FB) fell 0.76% to $193.64. Trading volume (98.0 M) eclipsed its 50-day average volume of 38.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 31, 2022.
(END) Dow Jones Newswires
May 31, 2022 17:20 ET (21:20 GMT)
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