|Bid||14.60 x 2900|
|Ask||0.00 x 3200|
|Day's Range||14.11 - 14.66|
|52 Week Range||7.86 - 14.66|
|Beta (5Y Monthly)||1.31|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 29, 2024 - Feb 02, 2024|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.28|
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Snap ‘s stock is rising for its ninth consecutive trading day, and the swirl of conversation around advertising trends could be a reason. Shares of Snap, the parent company of Snapchat were up 1.1% to $14.46 on Tuesday, while the was down 0.1%. This year, the stock has gained 62%, putting it on track for its best year since 2020, according to Dow Jones Market Data.
Snap Inc. — the parent company of the social media platform — is backtracking on its office expansion at Santa Monica Business Park (SMBP), sources have told Commercial Observer. One source estimated the publicly traded company will cut around 160,000 square feet, while another said Snap wanted to downsize the space by about 75 percent, which would amount to ditching more than 300,000 square feet. Concrete details are scarce as neither the landlord, Boston Properties (BXP), nor Snap, nor the listed brokerage agents returned requests for comments or additional information.
One is gaining momentum with the help of artificial intelligence. The other continues to fall behind.