SNAP Down 35% Year to Date: How Should Investors Play the Stock?
Snap(SNAP) ZACKS·2024-10-17 01:45
Snap (SNAP) shares have declined 35.3% year to date (YTD), underperforming the broader Zacks Computer and Technology sector’s appreciation of 24.9%.It has also lagged the Zacks Internet – Software industry, and peers like BOX (BOX) , Reddit (RDDT) and Vertex (VERX) .Shares of Vertex, Reddit, and BOX have returned 28%, 48.3%, and 53.4%, respectively, over the same time frame. The industry has appreciated 25% YTD.SNAP shares’ underperformance can be attributed to stiff competition from Meta Platforms, lower b ...