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Fly News Breaks for February 5, 2020
Feb 5, 2020 | 09:29 EDT
Guggenheim analyst Michael Morris noted that Snap exceeded EBITDA guidance with its first ever positive quarter and that the company continues to engage and retain global users at a high rate while it is also growing monetization and improving its ad platform. He maintains his positive view of Snap following its quarterly report, as he sees the company strengthening its unique reach among young audiences and improving its tools as solid foundations for above-consensus growth. Morris keeps a Buy rating and $23 price target on Snap shares.
News For SNAP From the Last 2 Days
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.