Snap hits record low after getting rejected from the S&P 500

 Snap shares fell 4% and closed at a record low on Tuesday at $13.10, but it wasn’t just because of the dreaded lockup expiration, which allowed some insiders to finally sell shares. Snap faced another devastating blow when it was revealed that the company won’t make it into the S&P 500, a popular stock market index. The way Snap has divided up its classes of stock have made… Read More
Source: https://techcrunch.com/2017/08/01/snap-hits-record-low-after-getting-rejected-from-the-sp-500/?ncid=rss

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s