Why Is Snapchat Stock Falling?

Is Snapchat good stock to buy?

SNAP stock is a long-term winner worth buying on near-term weakness.

Ever since Snap (NYSE:SNAP) reported what Wall Street viewed as subpar earnings in late July, SNAP stock has been on a steady downtrend, wherein shares have slipped from $25, to $20 and change..

Is Snap stock a good buy now?

Snap stock is currently not a buy but it’s close to reaching a new buy point. The stock is building the right side of a cup base with a 26.86 buy point. The stock’s relative strength line has been edging upward since late August and is near a high. The relative strength line tracks a stock’s performance vs.

As of January 2020, Snapchat is noted to have 360 million active users, making it the 12th most used social media platform. Facebook, Instagram and YouTube remain at the top, with TikTok quickly moving up the social ranks.

Why has Facebook stock gone down?

Shares of social network Facebook (NASDAQ:FB) took a hit on Monday, falling as much as 8.8%. … The stock’s decline on Monday was likely primarily driven by a sharp decline in the overall market as investors worried about the continued spread of the COVID-19 coronavirus and an oil price war launched by Saudi Arabia.