Author: Katie Roof

Snap down just 1% after first wave of lockup expirations

 Snap, the Snapchat parent, closed the day down just 1% Monday after the first phase of the dreaded lockup expiration, which meant that some insiders are now eligible to sell shares. The anticipation of a big selloff had been putting downward pressure on the stock for weeks, but it appears that enough of that fear was already built into the stock price to withstand day one. But while… Read More

Snap’s lockup expiration could pose bad news for the stock

 After months of watching Snap’s volatile ride on the stock market from the sidelines, some insiders will be allowed to sell their shares Monday. Known as the “lockup period,” employees and early investors of companies are generally restricted from selling their shares during the initial months following an IPO. The duration of this period varies and in Snap’s case, 150… Read More

Snap falls below its IPO price for the first time

 Oh Snap. The Snapchat parent had a difficult day on the stock market, closing at $16.99. It’s officially fallen below its $17 IPO price for the first time. This is significant because it means that overall, public investors have lost money on the company since its March IPO. A money-losing reputation can be hard to recover from. But for employees and pre-IPO investors, not all hope is lost. Read More

Snap has already tumbled 11% on day four

 Snap, the parent of Snapchat, had a great first two days on the stock market, only to be followed by two terrible ones. Shares quickly tumbled to beneath $22, an over 11% drop in morning trading. This means that most investors are already losing money on the social media company. Snap opened Thursday at $24 per share. It is still above its $17 IPO price, but that’s mainly relevant for… Read More

Snap tumbles 9% on day three

 Snapchat parent Snap Inc. debuted on the stock market Thursday and immediately saw substantial gains on its first two days. But the excitement has already worn off, with shares tumbling on day three. After closing Friday at $27.09 per share, Snap fell beneath $25 on Monday, down roughly 9% during the day’s trading. “Some of the air is coming out of the stock,” said… Read More