NYSE: SNAP
Key Data Points
Snap Inc (SNAP 0.76%) closed at $8.33, up 1.34%. Turnover was elevated at about 246 million shares, almost 3.5 times the three-month average of 70.03 million.
Indexes finished lower. The S&P 500 (SNPINDEX: ^GSPC) fell 0.50% to 6,604.72, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) declined 0.50% to 22,384.70, as weakness in technology stocks dragged on the market.
Among social media peers, Meta Platforms Inc (META +0.02%) closed at $748.91, down 1.54%, while Reddit Inc (RDDT 4.21%) ended at $232.75, down 1.25%.
Snap introduced Snap OS 2.0 last week, highlighting a more capable software platform for its upcoming Spectacles, which supports native browsing and new interaction features. At the same time, new class action filings and notices related to the company's advertising platform resurfaced this week. This mix of product momentum and legal uncertainty helps explain why trading activity was elevated. Given the ongoing litigation risk, investors may want to exercise caution and ensure the position aligns with their risk tolerance when considering this investment.
Market data sourced from Google Finance and Yahoo! Finance on Thursday, Sept. 25, 2025.