Snap Stock Takes Another Hit
Snap Inc. (SNAP) - Get Report stock had a rough start to the week.
Shares finished trading on Monday, Sept. 25 down 3.5%, or 48 cents, to close at $13.22.
Monday's lackluster performance put Snap stock at its lowest closing price since Wednesday, Aug. 16., and served up the stock's worst daily percentage loss since Wednesday, July 26, when shares fell 3.53% in trading.
Snap has now closed the last six trading sessions lower, while shares have tallied losses for ten of the last eleven days, according to data from FactSet. The stock hasn't had this many consecutive losses since early July, when shares closed lower for eight straight sessions.
The Snapchat parent has struggled since its March initial public offering, shedding close to 45% of its value since it started trading at $24 per share.
Tuesday could bring better luck for Snap, though. Shares were up 0.45% to $13.28 in premarket trading.
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