Snap Sees Unusually High Options Volume (NYSE:SNAP)

Market Beat
2025.01.07 22:39
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Snap Inc. (NYSE:SNAP) experienced a significant increase in options trading, with 117,569 call options purchased, marking a 43% rise from the average volume. Analysts have mixed views on the stock, with price targets ranging from $8 to $14. The stock traded at $12.56, with a market cap of $21.07 billion. Recent insider sales and institutional investments indicate active trading behavior. Snap's quarterly earnings exceeded expectations, reporting $0.08 EPS and $1.37 billion in revenue.