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3/14/2019, 7:41 PM (Source: TeleTrader)
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Snap-0.71%

74.43
Chart for: Snap Inc

Snap shares soar 12% on BTIG analyst upgrade

The American technology and camera company Snap Inc. shares soared over 12% on Thursday as BTIG Research analyst Rich Greenfield upgraded the Snapchat creator's stock from “neutral” to “buy.”

In February, the social media platform reported a loss of $0.14 per share in the fourth quarter of 2018. Snap's revenue came in at nearly $390 million, 36% up from $286 million in the same quarter of the previous year.

Snap shares were up 12.10% at 2:41 pm ET during intraday trading on Wall Street.

Breaking the News / BM