Why Snap (SNAP) Stock Is Up Today [Yahoo! Finance]
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Source: Yahoo! Finance
Snap announced a new feature for its Lens+ subscribers called "Animate It," which uses the company's own AI model to turn ideas into short videos. This new tool tapped into the broader investor enthusiasm for artificial intelligence. Adding to the positive news, an investor voluntarily dismissed a lawsuit that had alleged the company hid a technical issue impacting its advertising sales. The stock's rise also came as the broader U.S. stock market gained, with technology companies leading the way. After the initial pop the shares cooled down to $7.84, up 3.5% from previous close. Is now the time to buy Snap? Access our full analysis report here Snap's shares are very volatile and have had 25 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 11 days ago when the stock dropped 3% on
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