Previous close | 96.87 |
Open | 98.99 |
Bid | 94.60 x 900 |
Ask | 94.70 x 800 |
Day's range | 89.71 - 99.42 |
52-week range | 75.03 - 490.76 |
Volume | |
Avg. volume | 6,480,383 |
Market cap | 12.657B |
Beta (5Y monthly) | 1.83 |
PE ratio (TTM) | 45.57 |
EPS (TTM) | 2.07 |
Earnings date | 16 Feb 2022 - 21 Feb 2022 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | 171.63 |
(Bloomberg) -- Social media stocks lost more than $135 billion in market value Tuesday after Snap Inc.’s profit warning, adding to woes for a sector that is already reeling from stalling user growth and rate-hike fears. Most Read from BloombergPlot to Kill George W. Bush in Revenge for Iraq War Was Foiled, FBI SaysTexas Shooter Kills Elementary School ChildrenStocks Finish Off Session Lows While Bonds Climb: Markets WrapSocial Media Stocks Sink to Erase $135 Billion on Snap WarningShares in digi
Snap (NYSE: SNAP) issued a warning after the market close on Monday, suggesting that the economic picture was rapidly declining, sending its stock down as much as 41.7%. Pinterest (NYSE: PINS) was hit the hardest, with shares down roughly 22% at 1:30 p.m. ET. Shares of The Trade Desk (NASDAQ: TTD) and Roku (NASDAQ: ROKU) had fallen 19.8% and 18%, respectively.
Long gone are the days when only a few streaming companies monopolized our viewing time, and it seems that every company with any content is starting its own streaming service. There's no doubt this is a growing industry with a large market opportunity. The average consumer is likely familiar with Roku (NASDAQ: ROKU) because of its hardware devices that are used to stream content.