
Snap, Inc (NYSE:SNAP) was shooting up about 7% higher at one point on Friday, in tandem with the S&P 500, which was trading higher by 2%.
The bounce came as a relief for traders and investors of Snapchat’s parent company, as the stock has been heavily beaten down for months, plunging 74% from its Sept. 24, 2021 all-time high of $83.34 to reach a 52-week low of $29.95 on Thursday.