Published on 2 Apr 2024 on Zacks via Yahoo Finance
Investors Heavily Search Snap Inc. (SNAP): Here is What You Need to Know
Snap (SNAP) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this company behind Snapchat have returned +2% over the past month versus the Zacks S&P 500 composite's +2.2% change. The Zacks Internet - Software industry, to which Snap belongs, has lost 2.6% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.