After Friday’s mayhem, SNAP is now leading social media stocks higher amid a positive broader market momentum.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
A disappointing Q3 and lack of a Q4 outlook had impacted the stock but since then it has climbed back to the current $9.2 level from lows of $7.42.
Participating in this momentum is META with gains of 4.35% today. The company is slated to report quarterly numbers tomorrow while investor Altimeter Capital has suggested headcount trim and expenses cut down in an open letter to the social media giant.
Finally, Twitter is inching toward the $54.20 mark, and the Friday deadline for its buyout by Elon Musk.
Here are some stocks that could be affected by this news:
- Snap (NYSE:SNAP)
- Twitter (NYSE:TWTR)
- Meta (NASDAQ:META)
- Pinterest (NYSE:PINS)
Read full Disclosure