Perhaps more concerning, the company highlighted increased competition for advertising dollars, and we think SNAP may have been displaced by TikTok as the experimental platform of choice (which has become the 3rd platform behind META and GOOGL) and is now less able to garner outsized share of these incremental spending budgets as demand trends normalize. 'Our concerns are as follows: 1) As the overall demand environment slows, SNAP's ability to grow has contracted as incremental (and experimental) budgets have decreased. 'We found incremental concerns that temper our enthusiasm around the company's near- to mid-term growth prospects, and we are therefore downgrading SNAP to hold,' Deutsche Bank Analyst Benjamin Black wrote in a note to clients. In total, 12 Wall Street firms slashed their ratings on Snap shares today in a show of concern over future growth. at New York Stock Exchange in New York, the United States on March 2, 2017. Hindenburg needs to be questioned why they misrepresented in the questions they asked Adani Group in their report, Singh said.A man walks past the logo of Snap Inc. Adani Group Chief Financial Officer Jugeshinder Singh told Managing Editor, Business Today Television, Siddharth Zarabi. It also said that they either did not do proper research or did proper research but misled the public. In an exclusive interview to Business Today, the Adani Group has accused Hindenburg Research of not doing proper research, and “copy-pasting” from the company disclosures. The stock had snapped a series of losses this month after a report by Hindenburg Research alleged accounting frauds, stock manipulations and money laundering by the Adani Group on January 24. The stock hit its 52-week low of Rs 327 on February 28 this year and a 52-week high of Rs 878.35 on April 28, 2022.

During regular-hours trading, Snap stock plunged 24. A daily close above this level could lead to targets of Rs 487-539 in the coming days. Snap stock catapulted 54.4 to 37.83 during after-hours trading on the stock market today. But Adani Wilmar now faces strong resistance at Rs 455. The stock has climbed 31.98% in a year and fallen 26.6% since the beginning of this year.Ībhijeet from Tips2trade said, “A strong turnaround in Adani Group stocks has led to a sharp bounce back in Adani Wilmar as well over the past few sessions. Snap - SNAP - Stock Price Today - Zacks Snap (SNAP) (Delayed Data from NYSE) 10.34 USD -0.32 (-3.00) Updated 04:02 PM ET After-Market: 10.36 +0.02 (0.19) 7:58 PM ET Add.

Snap stock today