Snap's shares open at lowest since market debut
Reuters ------ Snap Inc's shares fell as much as 10.4 percent on Tuesday, opening at their lowest since a blockbuster market debut last week. Snap's shares hit a low of $21.30 in early trading on Tuesday, wiping out more than $9 billion of the company's market capitalization from Friday's high. Shares surged 44 percent in a hotly anticipated listing on Thursday, valuing the parent of Snapchat, an app popular with young people for its disappearing messages, at $28.3 billion, on par with CBS Corp and Target Corp. However, none of the analysts have initiated the stock with a "buy" rating. To learn more click on the picture below to read the article.