7/23, 4:00 PM (Source: TeleTrader)
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Chart for: Snap Inc

Snap soars 24% to record-high after earnings

Shares of Snap, Inc. soared over 24% on Friday to hit a new record high after the company posted better-than-expected results a day earlier.

The company noted its second-quarter revenue jumped 116% year on year, while the number of daily active users surged 23% to 55 million.

Shortly after reaching an all-time high of $78.68, Snap rallied 24.11% to $78.15 at 9:43 am ET

Breaking the News / NP