Why Snap Stock Soared 31% Last Month
Snap(SNAP) The Motley Fool·2024-05-07 02:05
Investors cheered the company's fastest growth in two years.Shares of social media app Snap (SNAP 2.62%) were up 31.1% in April, according to data provided by S&P Global Market Intelligence. It was a quiet month, with shares trading flat until April 25. But then the company reported financial results, and the stock exploded higher.Snap reported financial results for the first quarter of 2024, showing 21% year-over-year top-line growth, which was its best growth in two years. Analysts widely praised the Q1 r ...