This Time SNAP Leads Social Media stocks Higher
25 Outubro 2022 - 02:40PM
TipRanks
After Friday’s mayhem, SNAP is now leading social media stocks
higher amid a positive broader market momentum. A disappointing Q3
and lack of a Q4 outlook had impacted the stock but since then it
has climbed back to the current $9.2 level from lows of $7.42.
Participating in this momentum is META with gains of 4.35% today.
The company is slated to report quarterly numbers tomorrow while
investor Altimeter Capital has suggested headcount trim and
expenses cut down in an open letter to the social media giant.
Finally, Twitter is inching toward the $54.20 mark, and the
Friday deadline for its buyout by Elon Musk.
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Twitter (NYSE:TWTR)
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