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Snap Inc Surges to 461st in Trading Volume Ranking with $219 Million in Daily Turnover
Generated by AI AgentVolume Alerts
Tuesday, Jun 3, 2025 7:46 pm ET1min read
On June 3, 2025,
(SNAP) closed with a trading volume of $219 million, marking a 30.32% increase from the previous day. This surge placed in the 461st position in terms of trading volume for the day. The stock price of Snap rose by 2.07%.Snapchat, the social media platform owned by Snap Inc., reported its first-quarter results for the fiscal year 2025, exceeding market expectations for revenue. The company's sales increased by 14.1% year over year, reaching $1.36 billion. This positive financial performance is likely to have contributed to the stock's upward movement.
Additionally, Snap Inc. has seen significant changes in its shareholding structure. Nuveen Asset Management LLC reduced its stake in Snap Inc. by 62.5% during the fourth quarter. Furthermore, a 10% shareholder, Robert C. Murphy, sold 1 million shares of common stock on March 11, 2025, at an average price of $9.0372, totaling approximately $9.04 million. These transactions may have influenced investor sentiment and contributed to the stock's price fluctuations.
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