Has Snap Stock Finally Turned a Corner?

By Travis Hoium – Apr 30, 2024 at 4:30AM

NYSE: SNAP

Snap

Market Cap

$26B

Today's Change

(-1.17%) -$0.19

Current Price

$16.02

Price as of May 16, 2024, 4:00 p.m. ET

Snap showed signs of life in the first quarter of 2024.

Snap (SNAP -1.17%) finally reported a good quarter in the first quarter of 2024, and the market reacted positively. While the company isn't making money, there were bright signs, which Travis Hoium digs into in this video.

*Stock prices used were end-of-day prices of April 26, 2024. The video was published on April 28, 2024.

Travis Hoium has positions in Snap. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.