Snap stock hovers near $5 in premarket after 13% drop — what investors watch next
Snap shares held at $5.12 in premarket trading Friday after plunging 13.4% Thursday, now down 55% from their 52-week high. The company topped fourth-quarter revenue forecasts but issued a cautious outlook for Q1, projecting up to $1.53 billion in revenue. Volume remained high. Analysts cited concerns over ad growth and competition.