7 years ago048SAN FRANCISCO (Reuters) - A potential flood of newly available Snap shares is weighing on Wall Street's already shaky support for the owner of the Snapchat social media app.
Snap's (SNAP.N) shares fell as much as 1.7 percent on Thursday as analysts focused on the expiry of lock-up periods starting at the end of July, when insiders and...
7 years ago087
Stifel's Scott Devitt says some worries surrounding Snap could be overblown.
Stifel is now one of the minority of Wall Street firms with a positive outlook on Snap.
Stifel upgraded Snpachat-parent Snap shares to buy from hold on Thursday a day after the stock hit a new low since its March IPO.
Analyst Scott Devitt said in...