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Shares of Snap Inc. SNAP shed 7.42% to $12.22 Thursday, on what proved to be an all-around rough trading session for the stock market, with the NASDAQ Composite Index COMP falling 4.08% to 10,646.10 and Dow Jones Industrial Average DJIA falling 2.42% to 29,927.07. Snap Inc. closed $71.12 short of its 52-week high ($83.34), which the company achieved on September 24th.
The stock underperformed when compared to some of its competitors Thursday, as Apple Inc. AAPL fell 3.97% to $130.06 and Twitter Inc. TWTR fell 1.66% to $37.36. Trading volume (38.4 M) remained 8.2 million below its 50-day average volume of 46.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 16, 2022.
(END) Dow Jones Newswires
June 16, 2022 17:20 ET (21:20 GMT)
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