Snap Inc. (SNAP) shares are experiencing a decline today following a report from Cleveland Research indicating that checks for Snap's fourth quarter remain "mixed." This assessment has likely raised concerns among investors about the company's ability to meet expectations in the upcoming earnings report. The market's reaction suggests a lack of confidence in Snap's near-term performance, especially in light of the company's ongoing struggles to capitalize on ad spending, as highlighted in previous quarters.
The current price of Snap Inc. is $12.04, marking a 4.64% decrease from its previous close of $12.62 and a 4.33% drop from its opening price of $12.58.