Snap Inc. Stock Plummets by 30% Following Significant Rally
Snap Inc.’s stock plummeted by 30% in Wednesday’s trading, leaving analysts puzzled by the rollercoaster ride of the company’s performance. Analysts express dismay and skepticism about Snap’s competitive position and financial prospects, as the stock witnesses a sharp decline following disappointing earnings report.
Landscape Capital Management L.L.C. Makes Significant Changes to Holdings in Snap Inc.
Landscape Capital Management L.L.C. significantly reduced its holdings in Snap Inc. by 92.7% in the third quarter, selling 794,780 shares and leaving them with 62,568 shares. Meiji Yasuda Asset Management Co Ltd. also increased its shares in Snap by 7.4% during the 2nd quarter, reflecting dynamic activity within the stock market.