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Shares of Snap Inc. (SNAP) rallied 6.96% to $14.90 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 2.69% to 12,316.90 and the Dow Jones Industrial Average rising 1.33% to 33,248.28. The stock's rise snapped a two-day losing streak. Snap Inc. closed $68.44 short of its 52-week high ($83.34), which the company achieved on September 24th.
The stock outperformed some of its competitors Thursday, as Apple Inc. (AAPL) rose 1.68% to $151.21, Twitter Inc. (TWTR) rose 1.55% to $39.91, and Meta Platforms Inc. (FB) rose 5.42% to $198.86. Trading volume (57.3 M) eclipsed its 50-day average volume of 41.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 2, 2022.
(END) Dow Jones Newswires
June 02, 2022 17:20 ET (21:20 GMT)
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