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Benzinga
Benzinga
Technology
Joel Elconin

PreMarket Prep Stock Of The Day: Why This Analyst Says Snap May Be Worth 'Buying The Dip'

After a huge move in either direction following an earnings report, an issue can do one of three things: it can follow through in the same direction of the previous day's move, it can sharply reverse course or it can embark on a consolidation period.

In the case of Snap Inc. (NYSE:SNAP) as of 1:30 p.m. EST, investors are in digestion mode after Friday's plunge of $6.39 or 39% from $16.35 to $9.96.

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