Snap Drops 40%

The stock market is down again around noontime. One thing to note is that volatility has chilled out in a major way. I probably shouldn’t declare victory just yet, but we haven’t had the kind of intra-reversals that we had previously.

Shares of Snap (SNAP) are down over 40% today. Facebook, I mean Meta Platforms (FB), is off by 9% and Google (GOOGL) is down 6%. Amazon and Target both hit new 52-week lows.

Heico (HEI) is just about flat today after a very good earnings report. I suppose being flat is a good thing when the markets are down close to 2%.

Posted by on May 24th, 2022 at 12:17 pm


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