From StockTwits:

Summary 1: Snap’s shares jumped 7.1% after Meta reported fourth-quarter results beating estimates. The beats were driven by better-than-expected daily active users and a 21% increase in ad impressions, with a 2% tailwind in advertising pricing. The advertising market is expected to rebound in 2024.

Summary 2: Snap’s shares are highly volatile, with 26 moves greater than 5% in the last year. Today’s move indicates the market views the news as meaningful but not fundamentally changing its perception of the business. Company-specific issues likely contributed to past revenue misses and SNAP is currently close to its 52-week high.

Summary 3: Snap is up 4.6% since the beginning of the year, trading close to its 52-week high. Investors who bought $1,000 worth of Snap’s shares 5 years ago would now have an investment worth $2,437. Adding stocks to the StockStory watchlist can provide timely explanations for significant stock moves.



Read more: Why Are Snap (SNAP) Shares Soaring Today