Snap Back as the App's Shares Slip Below IPO Price

Shares of Snap Inc (SNAP) - Get Report  fell 1% Monday despite Credit Suisse analyst Stephen Ju maintaining his outperform rating, while lowering his price target to $25 from $30. At a close of $16.99, Snap's shares finished the session below its March IPO price of $17 for the first time.

Meanwhile, there's also the share lock-up expiration to consider, TheStreet's founder Jim Cramer, who also manages the Action Alerts PLUS charitable trust portfolio, said on CNBC's "Stop Trading" segment.

Some 711 million shares could come unlocked later this summer and if they do, that influx of supply could weigh on the stock price. Investors should wait for the lock-up period to pass before considering a position, he added.

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