
Benzinga’s “Daily Brief On Trending Tickers” highlights top-searched tickers from around the web and uses the Benzinga Pro platform to highlight recent news items possibly impacting those stocks.
The data on the trending tickers is compiled from a list of most-discussed tickers on the popular Reddit forum WallStreetBets.
Snap Inc (NYSE:SNAP) shares are trading 39% lower after the company filed a Form 8-K with the U.S. Securities and Exchange Commission showing it expects to miss its previously-issued guidance. CEO Evan Spiegel also said Snap will slow its pace of hiring for the remainder of the year in an effort to manage expenses.