• Snap is trading at a 3-month low

    28 days ago - By Business Insider

    Snap shares were trading near 3-month lows on Tuesday.
    Snap beat on both the top and bottom lines in the second quarter, but admitted its daily active users dropped.
    Watch Snap trade in real-time here.
    Snap shares were trading at their lowest level since May 31 on Tuesday, touching an intraday low of $11.19 - just $0.67 above the record low set on May 17.
    Earlier this month, the social-media company reported a loss of $0.27 a share on revenue of $262 million in the second quarter. After adjusting for pre-tax gains, the loss per share was $0.14. Snap also said that its daily active users...
    Read more ...