Snapchat continues to dive


It's another down day for Snap, the parent company behind messaging app Snapchat. The stock briefly fell below $19.00 per share and is down almost 4% today. The current price is just around $2 above its IPO price of $17.00.

Many analysts have a negative view of the stock, believing it will follow in the footsteps of tech companies like GoPro and Twitter that have struggled since going public rather than mirror the success story at Facebook.

STOCK PRICE FOR SNAP

Full price information

Shares of SNAP have been in a nosedive, down roughly 34.5% since reaching a high of about $29.00 on March 3, one day after the IPO.

NOW WATCH: 7 mega-billionaires who made a fortune last year

See Also:
Here's who would win in a war between North and South Korea
Here's what happened when UFC fighters took on Marine Corps martial-arts experts
Trump when told the biggest losers under 'Trumpcare' would be his own voters: 'Oh, I know'

SEE ALSO: Analyst: Snapchat is more like AOL and Yahoo than Instagram

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.