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Shares of Snap Inc. (SNAP) surged 10.83% to $13.20 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 2.50% to 11,099.15 and the Dow Jones Industrial Average rising 1.00% to 30,668.53. The stock's rise snapped a five-day losing streak. Snap Inc. closed $70.14 below its 52-week high ($83.34), which the company achieved on September 24th.
The stock outperformed some of its competitors Wednesday, as Apple Inc. (AAPL) rose 2.01% to $135.43 and Twitter Inc. (TWTR) rose 2.07% to $37.99. Trading volume (59.1 M) eclipsed its 50-day average volume of 45.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 15, 2022.
(END) Dow Jones Newswires
June 15, 2022 17:20 ET (21:20 GMT)
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