Snap Inc. stock falls Wednesday, underperforms market

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Shares of Snap Inc. SNAP shed 5.75% to $9.67 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA rising 0.03% to 33,743.84 and the NASDAQ Composite Index COMP falling 0.18% to 11,313.36. The stock’s fall snapped a four-day winning streak. Snap Inc. closed $32.30 below its 52-week high ($41.97), which the company achieved on February 11th.

Trading volume (42.8 M) eclipsed its 50-day average volume of 26.9 M.