Expected to open in the $23.50 to $24.50 range
The US stocks are trading lower today after the sharp run up yesterday.
The S&P is down about 9.5 points or -0.40%
The Nasdaq is down -27.21 points or -0.46%
The Dow is down -44 points or -0.21%
The debut of SNAP is expected to open in the next 5-10 minutes. The expected open is in the $23.50 to $24.50 range. The shares were priced at $17. So it will open with a big gain to the institutions. Of course they all look like hero's.
I personally don't get it, but if you get into chatting with snaps, go for it.
Not a buyer.
