Snapchat (SNAP) possible short play
JMP Securities downgraded the company to market perform from market outperform, citing declining time spent on Snap and increased competition from Reels and YouTube shorts. Trading down over 4% today.
Late last year Snapchat (SNAP) reported a large slowdown, blaming inflation for its slowest revenue growth since going public five years ago.
Technically price has formed a rising channel/flag pattern, looking for a breakout to the downside.
JMP Securities downgraded the company to market perform from market outperform, citing declining time spent on Snap and increased competition from Reels and YouTube shorts. Trading down over 4% today.
Late last year Snapchat (SNAP) reported a large slowdown, blaming inflation for its slowest revenue growth since going public five years ago.
Technically price has formed a rising channel/flag pattern, looking for a breakout to the downside.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.