Shares of Snap Inc. SNAP, -2.54% slipped 0.94% to $46.41 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index COMP, -1.21% rising 2.15% to 15,565.58 and the Dow Jones Industrial Average DJIA, 0.46% rising 1.08% to 35,927.43. This was the stock’s fifth consecutive day of losses. Snap Inc. closed $36.93 below its 52-week high ($83.34), which the company achieved on September 24th.
The stock underperformed when compared to some of its competitors Wednesday, as Apple Inc. AAPL, -2.59% rose 2.85% to $179.30, Twitter Inc. TWTR, -1.70% fell 0.63% to $44.07, and Meta Platforms Inc. FB, -0.25% rose 2.37% to $341.66. Trading volume (23.6 M) remained 24,105 below its 50-day average volume of 23.6 M.