Snap Inc. (NYSE:SNAP) shares are trading higher Tuesday, and the stock has gained more than 35% over the last month. Here’s a look at what’s going on:
What To Know:
Snap shares set a new 52-week high of $14.61 and continue to climb on Tuesday.
Last Thursday, Jefferies analyst James Heaney upgraded Snap from Hold to Buy and raised the price target from $12 to $16.
On Nov. 21, Michael OSullivan, general counsel at Snap, reported a large insider sell on November 21, according to a Form 4 filing from the U.S. Securities and Exchange Commission. OSullivan sold 35,683 shares of total transaction amount of $424,620.
According to data from Benzinga Pro, shares of SNAP are trading above the stock’s 50-day moving average of $10.43 and set a new 52-week high of $14.61 Tuesday.
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SNAP Price Action: According to Benzinga Pro, Snap shares are up by 1.8% at $14.56 at the time of publication.
Image: M.H. from Pixabay
