Homepage / Technology / Snapchat shares rebound as traders make a 'huge' bet troubled IPO will rip on earnings
Bonver Casino Cz Hrací Automaty S Bonusem Zdarm Magazyn Żużel Speedway W Polsce I Na Świeci Zakłady Sportowe Online Autógrafo Bukmacherska 1xbe “Pin-up O Melhor Cassino Do Brasil Web Site Oficial ᐈ Jogar Caça-níquei Zakłady Sportowe Online Obstawiaj U Bukmachera Gg Be What Industries Use Virtual Data Room? Advantages of a Data Room What Does a Board Room Provider Do? Data Room Analysis for Venture Capital Funding The Importance of Board Reporting Software Safe Uploading and Downloading Business Files How to Select the Best Board Management Software How to Organize the Work of a Company “gerçek Parayla En Iyi Slot Makineleri Ve Spor Bahisler Which is the Best Podcast For Stock Market Beginners? Virtual Data Room Facts How to Protect Confidential Documents for Boards Advantages of Online Meetings Business Issues to Consider When Choosing a Data Room Provider What Is a Data Room? Virtual Board Room Software Due Diligence Risk Factors How to Choose a Reliable Tool for Data Exchange test Users535352253 Board Software and VDR Programs Business Operations Management Software Keep Data Safe and Protect Your Business Data How to Conduct a Board Self-Assessment Uncomplicated Ways to Simplify Daily Business Transactions Due Diligence Blog Digital Data Rooms for the Netherlands The New Era of Business Software and Reporting What Types of Businesses Use VDR Software? Ma Analysis Mistakes The Corporate Governance Role Board Room Apps Secure Board Management With Secure Board Portals What Happens at Board of Directors Meetings? Board Room Software Review How to Prepare Board Rooms for Effective Board Meetings Board Room Software Boosts Performance and Communication Selecting a Secure Data Room Review Local Data Room Service Review How to Find the Best Virtual Data Room Review What to Look for in a Data Room uk Provider Document Storage and Distribution Software Everything About VDRs Corporate Software Advantages How to Choose a Virtual Data Room Provider The Most Secure Way to Transfer Files How to Manage Online Board Meetings Benefits Virtual Data Room Solutions – Must-Haves for M&A and Due Diligence Best Data Room Functions for the Different Types of Industries How to Choose a VDR Software Provider How to Choose an Online Board Portal The Benefits of a Boardroom Review Board Room Online Solutions – How to Get the Most Out of Your Board Meetings Why You Need a Board Room How a Board Room Blog Can Transform Your Business Choosing the Best Board Room Format How to Have Productive and Engaging Board Directors Meetings Choosing the Right Virtual Data Room How to Keep Safe Documents Storage Teaching Kids About Online Safety Avoid Costly Mistakes With Free Data Room Services Corporate Virtual Data Unlimited Data Room Software For Due Diligence Leading Business Software Features to Look For Secure Online Data Rooms Solutions How to Keep Share, Edit and Delete Your Data Safe Virtual Data Room Software Secrets for M&A Due Diligence What to Look For in Boardroom Providers Board of Directors Blog Posts How to Deliver Value at Your Board Meetings How to Have Effective Board Meetings Responsibilities of Board Members Deal Management – How to Effectively Manage a Complex Sales Pipeline Data Rooms For Mergers And Acquisitions How to Have a Successful Board Room Meeting Choosing a Board Room Service Provider What is a Board Room Service? Board Room Software Review – Choosing the Best Portal for Mother Board Meetings Why a Board Room Providers Review Is Important What Is a Board Room Review? Venture Software for VC Firms What Is an Assessment Report? The Importance of a Tech Audit Popular Business Applications What to Look For in a Data Room App What Are Business Applications? How to Choose a Virtual Data Room How to Plan a Data Room Review Coronavirus Guide What is a Virtual Data Room? What Is Data Science? What Is an Operating System? Turbotax Small Business Review How Online VDRs Are Used in M&A Deals Why Choose VDR Software?

Technology

Snapchat shares rebound as traders make a 'huge' bet troubled IPO will rip on earnings

Some bullish options traders on Wall Street are betting Snap‘s troubled stock might bounce back as early as next week.

There have been some big block buys in the options pit, according to trader Jon Najarian, co-founder of Najarian Family Office and a CNBC contributor. The unusual trading activity — “huge,” “massive” buying of August calls —signals that the stock might pop back above $15 sometime this month and maybe as early as next week, Najarian said on CNBC’s “Halftime Report” on Friday.

“A reason to maybe keep an eye on this one,” Najarian said. He added that he would be long these calls for a trade for a week: “If it goes up, obviously I’ll make a lot of money.”

Shares of Snap jumped 4.5 percent Friday. One of the world’s leading advertising companies told CNBC on Friday it would double its spending on Snapchat this year. And Snap also unveiled a new feature to make it easier for advertisers to manage their campaigns, a move that will more closely align the platform with rivals like Facebook, according to a Friday report by TechCrunch.

But Snap shares have fallen nearly 40 percent in the past three months, after the company’s hotly anticipated public offering was followed by disappointing first-quarter financial results. Snapchat has also had to fend off competition from the leaders of the advertising industry, Google and Facebook.

The end of August signals the wind-down of Snap’s lockup period, when insiders and early investors will finally be able to trade their shares on the public market. So far, no insiders have declared major changes to their share holdings with the SEC.

And Snap’s scheduled to release its second-quarter financial results on Aug. 10, when analysts are expecting the company’s sequential growth to pick up, at least in terms of users. Snap has declined to comment to CNBC on the stock price this week, citing a quiet period before the second-quarter results are released.

Snap’s estimated to report about 176.2 million daily active users for its disappearing message app, adding more than 10 million daily active users from last quarter, according to FactSet. That would be a faster pace of growth than the 5 million daily users added in the fourth quarter and the 8 million added in the first quarter.

“I was in it on the IPO and then I sold it,” Najarian said. “With all the pressure that came off, I think this is all kind of behind these guys now and the stock’s ready for that big upside move.”

Source: Tech CNBC
Snapchat shares rebound as traders make a 'huge' bet troubled IPO will rip on earnings

Comments are closed.