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Benzinga
Benzinga
Business
Rishabh Mishra

SNAP Stock Surges Nearly 12% In A Week On Record Volume, Boosted By New OS Launch, Continued TikTok Uncertainty

Jakarta,-,February,03,2023:,Snapchat,Mobile,App,And,Icon,Seen

Shares of Snap Inc. (NYSE:SNAP) rallied nearly 12% over the last five trading days, closing the week with significant momentum driven by a major product announcement and persistent geopolitical uncertainty surrounding its chief competitor, TikTok.

The surge was accompanied by the highest trading volumes in the company’s history, signaling a dramatic increase in investor interest.

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