1 Super Stock Down 82% You'll Regret Not Buying on the Dip
Snap(SNAP) The Motley Fool·2024-05-01 17:25
Headwinds are turning into tailwinds for this social media mainstay.Snap Inc. (SNAP 3.87%) is the parent company of social media platform Snapchat, and its stock is trading 82% below its all-time high, which was set in 2021. A couple of things happened. Valuations in the technology sector cooled off when the Nasdaq-100 plunged 33% in 2022, and soaring interest rates triggered a slowdown in the advertising industry.However, Snap stock soared almost 28% last Friday following the release of an overwhelmingly p ...