Snap Seems Ready To Bottom Out And Could Reach $30 A Percentage, Analyst Says

Snap’s stock could be ready to bottom out, and could rise to $30 a share, tech analyst Brian White told CNBC on Monday.
Four months after Snap’s IPO, the stock is down 48 percent and is poised to rise, he said.
“Shares of Snap fell below their IPO price for the first time last week.
Other analysts say they’re concerned with Snap’s slow development of ad products and Facebook’s recent aggressive approach.
He said insiders who got a crack at the Snap IPO at the offer price won’t sell the stock when they’re finally allowed to on July 31.

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