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Barchart

Mark R. Hake, CFA

Snap Inc Shows Unusual Call Options Activity Today - Investors Seem Bullish on SNAP Stock

SNAP Snap Inc Barchart NTM

Snap Inc. (SNAP) stock has shown unusual call options activity as seen in a Barchart report today. This could be a signal that investors are moving bullish on SNAP stock. SNAP is up 1% today in morning trading at $15.76 per share, but up over 38% ($11.40) since reporting its Q1 results on April 25.

One reason is that Snap reported it had another positive free cash flow (FCF) quarter in Q1. SNAP said its Q1 revenue was up 21% Y/Y to $1.194 billion and FCF was positive $37.9 million.

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