Snap Stock Stumbles Into Death Cross As Executive Sales, New AR Spectacles Raise Eyebrows
Snap(SNAP) Benzinga·2024-08-24 00:19
Snap Inc. SNAP finds itself in the middle of a perfect storm. The social media and augmented reality Spectacle innovator is wrestling with a Death Cross on its charts, hinting at potential bearish movement. Chart created using Benzinga ProThe stock is down a significant 41.82% year-to-date, further sinking 34.47% in the past month, while barely moving with a 1.62% yearly gain.Fresh Spectacles, Clouded VisionWhile Snap’s technicals suggest a bearish outlook, the company isn't slowing down on its product inno ...