Stock

Where to buy Snap stock dip: it’s down 4% after missing its Q1 sales and profit estimates

The Snap stock has been declining since 4th April after attempting a small price rise. It has dropped 18.82% over the past month and the stock is poised for a continued drop following its 2022 Q1 report that showed that the company missed its Wall Street sales and profit estimates.

To help stock investors interested in investing in Snap stock, Invezz has created a brief article on what it is and where to buy it.

To find out more, please continue reading.

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What is Snap stock?

Snap stock is the stock of Snap Inc. Social Media Company and it trades on the New York Stock Exchange under the ticker NYSE: SNAP.

Snap Inc. is an American camera and social media company based in California. It was started in September 2011.

Some of the popular products that Snap Inc. has developed include the famous Snapchat platform, Ritmoji, and Spectacles.

Should I buy the Snap stock today?

If you want to invest in a stock dip, then Snap stock could be a good choice.

However, as you invest, you should be ready for any further drops since it is not crystal clear when the current dip shall come to an end.

Snap stock price prediction

The current price drop seems to have eaten into the gains made in March.

Analysts expect the Snap stock price to remain bearish at least for the better part of April especially following its Q1 report that was released yesterday.

$SNAP stock social media coverage

Thanks to our incredible partners around the world who help us support the Snapchat community every day. https://t.co/lIjWjFpxfE

— Snapchat for Business (@SnapForBusiness) April 21, 2022

Snapchat is heading back to @iab #NewFronts on May 3! Tune in and be among the first to hear about our newest partnerships, advertising offerings, and original content.

Register now to stream the presentation live: https://t.co/VQGmFJXp3l pic.twitter.com/Q9qSjBOVC0

— Snapchat for Business (@SnapForBusiness) April 21, 2022

The post Where to buy Snap stock dip: it’s down 4% after missing its Q1 sales and profit estimates appeared first on Invezz.

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