Why Is SNAP Inc (SNAP) The Best Stock Of The Day?

Snap Inc. is headquartered in Venice Beach, California, operating as a camera and social media brand. Their technology supports the apps Snapchat, Spectacles and Bitmoji. The brand relaunched after changing its name from Picaboo to Snapchat in 2011. As one of the original picture applications, Snapchat is a stalwart in a new and growing industry. Additionally, the company is located in what is known as Silicon Beach, a spot where several technology brands have relocated on the California Coast.

SNAP Inc (NASDAQ: SNAP)

SNAP Inc is rising higher over the past few days, but the company has had several ups and downs over the past year. Because of the firm’s high profile and meme-like status, it will regularly go through major selloffs and recoveries. Currently, the stock is in recovery.

Why is SNAP Moving?

SNAP is trading higher on better than expected earnings for Q2. Plus, the company believes its figures for Q3 will also be higher than expected. Moreover, the brand remains in the headlines because it offers news blasts in the app, helps influencers make money and remains a favorite communication platform for younger generations.

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Data for SNAP Inc as of July 23, 2021

Summary of SNAP Inc as of July 23. 2021:

  • Price Change: $62.790 to $74.25

  • 52 Week Low: $20.61

  • 52 Week High: $73.59

  • Market Cap: $98.923B

  • P/E Ratio: 370.370

Significant Dates for SNAP Inc:

  • Next Earnings Date: October 19, 2021

  • Last Earnings Date: July 22, 2021, EPS of $0.100

Technical Data of SNAP Inc as of July 23, 2021:

  • RSI: 65.9030 ⮕ Bullish

  • MACD: Signal Line (4.4875) Under MACD (-4.4877) ⮕ Bullish

  • Bollinger Bands: Price ($74.25), 20-Day SMA ($65.2922), Lower Band ($49.9861), Upper Band (72.7584) ⮕ Bullish

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