Author Topic: SNAP - Snap Inc.  (Read 93 times)

Dexter

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SNAP - Snap Inc.
« on: July 11, 2017, 11:05:09 AM »
Read this timely article about Snapchat yesterday and found it interesting.  Wanted to share.

http://adventuresincapitalism.com/post/2017/07/09/SNAPageddon.aspx

SNAP is down ~8% today after lead underwriter Morgan Stanley downgraded the stock and slashed its price target by $12 to $16/share.

https://www.reuters.com/article/us-snap-morganstanley-downgrade-idUSKBN19W1HA

Those who short SNAP with puts may well wind up happy -- even after today's price decline. 

Disclosure: No position in SNAP.