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Shares of Snap Inc. SNAP shed 5.70% to $13.73 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index COMP falling 2.98% to 11,181.54 and Dow Jones Industrial Average DJIA falling 1.56% to 30,946.99. This was the stock's second consecutive day of losses. Snap Inc. closed $69.61 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 Tuesday, as Apple Inc. AAPL fell 2.98% to $137.44 and Twitter Inc. TWTR fell 1.02% to $38.79. Trading volume (24.4 M) remained 24.4 million below its 50-day average volume of 48.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 28, 2022.
(END) Dow Jones Newswires
June 28, 2022 17:21 ET (21:21 GMT)
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