Snap stock slides to $8 as CEO share sale surfaces; CPI, earnings date loom
Snap Inc. shares fell 2.3% Friday to $8.21, marking a third straight decline and leaving the stock near the bottom of its 52-week range. CEO Evan Spiegel sold over 1.2 million shares on Jan. 5 under a pre-arranged plan, according to a recent filing. The broader Nasdaq rose 0.81% the same day. Investors await Tuesday’s U.S. inflation data and Snap’s next earnings report, expected in early February.