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Shares of Snap Inc. (SNAP) slipped 7.05% to $14.10 Thursday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index falling 2.75% to 11,754.23 and Dow Jones Industrial Average falling 1.94% to 32,272.79. This was the stock's second consecutive day of losses. Snap Inc. closed $69.24 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 Thursday, as Apple Inc. (AAPL) fell 3.60% to $142.64 and Twitter Inc. (TWTR) fell 2.25% to $39.53. Trading volume (36.8 M) remained 7.4 million below its 50-day average volume of 44.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 9, 2022.
(END) Dow Jones Newswires
June 09, 2022 17:21 ET (21:21 GMT)
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