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Benzinga
Benzinga
Business
Melanie Schaffer

Snap Stock Shows Signs The Bottom Is In: What To Watch

SNAP NYSE US Federal Reserve

Snap, Inc (NYSE:SNAP) was trading higher on Thursday morning in tandem with the SPDR S&P 500 (NYSE:SPY), which was reversing course to the upside after a bearish reaction to the Federal Reserve’s comments on Wednesday caused the ETF to lose its intraday gains.

Snap has been trading in a steep downtrend, losing 63% of its value since Sept. 24, when the social media stock hit an all-time high of $83.34.

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