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Fly News Breaks for February 5, 2020
SNAP
Feb 5, 2020 | 06:04 EDT
Pivotal Research analyst Michael Levine categorizes Snap's Q4 as more of a miss versus expectations rather than anything fundamentally different about the business. The company's U.S. advertising growth was negatively impacted by the shorter holiday period and challenging comps from the roll out of goal-based advertising, Levine tells investors in a post-earnings research note. The analyst would look to buy the shares on weakness and keeps a Buy rating on Snap with a price target of $24.75, up from $24.50.
News For SNAP From the Last 2 Days
SNAP
May 18, 2022 | 08:55 EDT
Tuesday's total option volume of 36.7 million contracts resulted in net open interest growth of 4.34 million calls and 3.22 million puts. Apple (AAPL), Snap Inc. (SNAP), Wal-Mart (WMT) and Twitter (TWTR) saw the greatest growth. Top five new positions opened include 50k Qudian (QD) Aug-22 3 puts, 30k SoFi Technologies (SOFI) Jul-22 9 puts, 25k Snap Inc. (SNAP) Jun-22 25 puts, 25k Innoviz Technologies (INVZ) Jan-23 5 puts and 25k Snap Inc. (SNAP) Jun-22 25 calls.