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Analyst: Snap's Lockup Could Be A 'Bottoming Event' For The Stock, Not A 'Negative Event'
Monday, July 31, 2017 - 2:45pm | 396Shares of Snap Inc (NYSE: SNAP) briefly traded in positive territory on Monday as investors reacted, clearly nervous over the stock's lockup expiration. But investors who are looking at the expiration as a negative event may be wrong in their thinking, at least according to Canaccord Genuity's...
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Paul Meeks, Mark Mahaney Talk Snap's Lockup Expiration
Monday, July 31, 2017 - 9:58am | 414Shares of Snap Inc (NYSE: SNAP) were trading lower by around 3 percent early Monday morning ahead of the expiration of its share lockup period, which paves the way for hundreds of millions of shares to be unloaded in the open market for the first time ever. But before jumping to any conclusion as...
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Could Facebook's Purchase Of Instagram Be The Best Acquisition Of All Time?
Monday, July 24, 2017 - 10:00am | 807With Instagram’s current growth trajectory not slowing down anytime soon, Facebook Inc (NASDAQ: FB)'s $1 billion acquisition of the photo-sharing app five years ago may go down as one of the smartest investments of all time. With over 700 million users and 400 million people serving as...
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Cramer: Snap's Downgrade Is A Preemptive 'Obituary'
Tuesday, July 11, 2017 - 11:41am | 319Snap Inc (NYSE: SNAP)'s stock traded below the $17 mark for the first time ever Monday. On Tuesday, it traded below the $16 mark in reaction to a harsh downgrade by analysts at Morgan Stanley. Snap's downgrade by a firm that helped it go public is not only embarrassing, it can also be seen as an "...
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Morgan Stanley Helped Bring Snap Public But Now Sees Further Downside To Stock
Tuesday, July 11, 2017 - 9:51am | 470Shares of Snap Inc (NYSE: SNAP) traded below its initial public offering price of $17 for the first time ever and closed at $16.95 Monday. But shares were trading lower by another 3 percent early Tuesday morning, in part due to a downgrade by analysts at Morgan Stanley. Morgan Stanley bankers...
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Credit Suisse Ahead Of Snap's Q2 Earnings Report: Outperform Rating Maintained
Tuesday, July 11, 2017 - 8:17am | 361Shares of Snap Inc (NYSE: SNAP) hit a new all-time low of $16.95 on Monday, marking the first time ever the stock traded below its initial public offering price of $17. But that doesn't mean all analysts are throwing in the towel. Credit Suisse's Stephen Ju maintains an Outperform rating but with a...
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Benzinga's Bulls And Bears For The Past Week: Apple, Best Buy, Tesla And More
Monday, June 12, 2017 - 8:48am | 707Benzinga has featured a look at many investor favorite stocks over the past week. Summer is here but the markets are still trading at all-time highs. Here is a glance some of the past week's bullish and bearish picks. Have the summer doldrums set in yet? Last week was a busy one, from the...
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Carson Block Is Increasingly Concerned With A Whistleblower Case Snap Faces
Tuesday, June 6, 2017 - 2:50pm | 359Muddy Waters' Carson Block is one of the most notable short-seller investors and appears to be building a case against Snap Inc (NYSE: SNAP). By his own admission in late May, he isn't short Snap's stock "but might be" in the future if the company doesn't address his...
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Amazon To Offer Discounted Prime Benefits To Those Receiving Government Assistance
Tuesday, June 6, 2017 - 9:20am | 274Amazon.com, Inc. (NASDAQ: AMZN) took steps Tuesday to expand membership opportunities to lower-income communities. Now, customers with verified Electronic Benefits Transfer cards qualify to receive Prime benefits for $5.99 per month, which will improve access to Amazon’s online marketplace...
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Muddy Waters' Carson Block Isn't Short On Snap, 'But Might Be' In The Future
Thursday, May 25, 2017 - 11:31am | 413Muddy Waters' Carson Block is one of the most notable short-seller investors and one of the stocks on his watchlist as a potential target is Snap Inc (NYSE: SNAP). Speaking as a guest on Wednesday's "Bloomberg Markets" segment, Block acknowledged he isn't currently short Snap "but might be" in the...
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Revealed: Snap's Biggest Investors At The End Of Q1
Monday, May 15, 2017 - 8:57am | 342Snap Inc (NYSE: SNAP)'s biggest and most notable shareholders were kept a secret, but recent regulatory filings now shed light on which money manager(s) and hedge funds own a piece of the social media company. According to a Reuters report, Snap's 13F filings with the U.S. Securities and Exchange...
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Bloomberg's Johnson: Snap Is Priced To 'Grow, And Grow, And Grow Fast'
Friday, May 12, 2017 - 10:05am | 398Snap Inc (NYSE: SNAP)'s earnings report made it clear user growth is slowing down. Wall Street analysts took note of this metric and updated their valuation models accordingly, but few took a look at why this trend is happening and if it can be fixed. According to Bloomberg's Cory Johnson, Snap did...
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Snap Goes Splat: Sell-Side Reacts To Company's First Earnings Report
Thursday, May 11, 2017 - 4:32pm | 734Despite Snap Inc (NYSE: SNAP)'s poor earnings report and a 20 percent decline in shares of the social media company, not all among Wall Street are throwing in the towel. Here is a roundup of what some of Wall Street's most notable analysts are saying after the dust has settled. The...
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Ross Sandler Highlights Snap's Q1 Positives And What To Monitor
Thursday, May 11, 2017 - 1:11pm | 397Barclays' Ross Sandler maintained an Equal-Weight rating on Snap Inc (NYSE: SNAP)'s stock with an unchanged $18 price target after Snap reported earnings for the first time as a public company. Overall, Snap's revenue exceeded Sandler's estimates but were still short of what his...
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First Quarterly Report From Snap Has No Crackle Or Pop
Thursday, May 11, 2017 - 12:03pm | 443UBS's Eric Sheridan maintains a Neutral rating on Snap Inc (NYSE: SNAP) with a price target lowered from $24 to $19 after reporting a "disappointing" earnings report, but that doesn't necessarily destroy the longer-term picture. Sheridan argued that the social media company's report fell short of...