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Snap Inc. (SNAP)

NYSE - NYSE Delayed Price. Currency in USD
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21.58+0.23 (+1.08%)
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Neutralpattern detected
Previous Close21.35
Open21.36
Bid21.45 x 2900
Ask21.65 x 2900
Day's Range21.28 - 22.20
52 Week Range7.89 - 26.76
Volume28,905,341
Avg. Volume28,001,025
Market Cap31.706B
Beta (5Y Monthly)1.71
PE Ratio (TTM)N/A
EPS (TTM)-0.78
Earnings DateOct 20, 2020 - Oct 26, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est25.49
  • Editor's Pick
    Yahoo Finance Video

    Beijing doesn’t want to “poison the business climate in China”, says expert

    With President Trump’s executive order banning of popular Chinese apps TikTok and WeChat on the horizon, investors and regulators arewill mean for American companies and U.S-China relations, Paul Triolo, Eurasia Group Head of Global Tech Policy, joins The Final Round to discuss the long-term implications of tensions between the largest economies in the world.

  • Pete Najarian Sees Unusual Options Activity In Snap And Jumia
    Benzinga

    Pete Najarian Sees Unusual Options Activity In Snap And Jumia

    On CNBC's "Fast Money Halftime Report," Pete Najarian spoke about options activity in Snap Inc (NYSE: SNAP).When the stock was trading just below $22, Najarian noticed a purchase of 17,000 contracts of the August $22.50 calls. Traders paid around 60 cents for them, which sets the breakeven for the trade at $23.10. Najarian decided to follow the trade and he is going to hold it for two weeks.Traders were also buying the August $30 calls in Jumia Technologies AG - ADR (NYSE: JMIA).Najarian finds this very unusual because the stock is currently trading significantly lower. Around 4,000 contracts were traded ahead of the earnings results, which are scheduled for next week. Najarian bought these calls as well and he is planning to hold them through earnings or maybe even for two weeks.See more from Benzinga * Todd Gordon's Peloton Options Trade * Mike Khouw Sees Unusual Options Activity In Lyft * Cramer Gives His Opinion On Datadog, Alcoa And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Trump Ban on Top Messaging App Risks Snarling Global Business
    Bloomberg

    Trump Ban on Top Messaging App Risks Snarling Global Business

    (Bloomberg) -- Banning WeChat, the world’s most-used messaging app, has the potential to upend the international businesses of companies from Apple Inc. to Walmart Inc. and shut down personal communications between America and China.The White House’s vaguely worded edict left a lot of open questions about how broadly the ban would be applied and the full ramifications for Tencent Holdings Ltd. But it likely gets WeChat bumped off Apple and Google’s app stores in 45 days, which means at least suspending updates for a service vital to everything from engineers talking with iPhone assemblers to Chinese people video-chatting with family back home.If the ban extends to a block on its use, that threatens to eventually sever those ties because WeChat is the go-to for a billion people for everything from booking movie and train tickets to shopping, and alternatives like WhatsApp are blocked in China. The potential ructions underscore Tencent’s pivotal role within the global tech and internet economies, as a juggernaut with deep investments or connections with American businesses from Activision Blizzard Inc. and Snap Inc. to the NBA.“It would practically shut down communication between the U.S. and China,” said Graham Webster, China Digital Economy Fellow at think tank New America. “These orders just wrap the real issues up in political theater.”Why Tencent and WeChat Are Such a Big Deal in China: QuickTakeRead more: Trump Widens China Tech Attack, Banning Tencent’s WeChat, TikTokTrump’s order on WeChat came after a similar injunction against ByteDance Ltd.’s TikTok, the viral video service the White House accuses of jeopardizing national security. But while ByteDance’s business outside of TikTok is largely confined to home, Tencent is central to the global distribution of games and a major conduit for American companies that sell products in the world’s No. 2 economy.Apple, for instance, makes the majority of its iPhones in China, where WeChat is the oil that lubricates communications both on the factory floor and in the boardroom. In a worst-case scenario, American consumer brands like Walmart and Starbucks Corp. may be prevented from selling goods and services to Chinese buyers via WeChat’s “mini-programs” in China -- now one of the fastest-growing avenues for e-commerce. China accounts for about 9% of Walmart’s international sales and is its fastest-growing market.“If you can’t pay for Starbucks coffee on WeChat, people will stop drinking it,” said BOCOM International analyst Connie Gu, commenting on the extreme cases where American brands are banned from using WeChat as a payment method.Less quantifiable is the spillover effect on the gaming industry.Tencent ranked as the world’s biggest games publisher by revenue in 2019, according to Newzoo data, and it collaborates with U.S. industry leaders like Activision and Electronics Arts Inc. It also holds a large stake in Fortnite maker Epic Games Inc. and owns League of Legends developer Riot Games Inc. That sprawling but somewhat stealthy gaming empire, deeply rooted in the U.S., was deemed under threat when the WeChat sanction was first announced, though a U.S. official later clarified that the action only involved the messaging service and not its parent.Read more: Tencent Loses $35 Billion as WeChat Ban Rocks China Stocks, YuanHowever, those companies work with Tencent to develop the mobile versions of triple-A titles like Call of Duty: Mobile, and -- as with media content -- share billions of dollars to license and distribute in China. Tencent for instance holds the exclusive rights to stream National Basketball Association games in China.Those relationships may yet get tested by the U.S. administration, and the executive order language remains expansive enough that the White House may still broaden its scope.Tencent’s own investments in U.S. companies may be at risk -- a possibility with as-yet-uncertain ramifications for Silicon Valley. A forced sale of its U.S. gaming assets could fetch $22 billion and also raises uncertainties over the future of Tencent’s holdings elsewhere in the world, said Bloomberg Intelligence analysts Vey-Sern Ling and Matthew Kanterman.“President Donald Trump’s executive order against WeChat raises uncertainty around Tencent’s ability to retain ownership of its western assets,” the analysts wrote. “If the pushback spreads to Europe, Tencent may be forced to divest even more subsidiaries and investments.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.