Meanwhile, the stock is trading with a very low implied volatility rank (IVR) of 4.6. Snap shares closed above the closely watched 200-day Simple Moving Average (SMA) on Monday, a bullish signal for technical traders. Snap Slices Above Key Technical Indicator While a TikTok ban would bode well for those companies, it may depend on how fast companies can capitalize on capturing new creators that migrate from TikTok. Snap’s outperformance may owe to the fact that it has severely underperformed against its peers. ![]() Meta ended the day slightly lower after giving up gains into the closing bell, while Google and Pinterest closed 1.66% and 1.06% higher, respectively. These companies have performed poorly over the last year as digital ad spending revenue slipped as economic concerns amid rate hikes forced companies to pull back on spending. markets, but also Meta, Facebook’s parent company, Alphabet, Google and YouTube’s owner, and Pinterest. It isn’t just Snap that gains to benefit from TikTok’s removal from U.S. Snap, Meta, Alphabet Set to Gain on Advertising Revenue Bump Given the bipartisan support to ban the Chinese app, the bill likely has a solid chance of landing on President Biden’s desk, although the specific timeline remains unclear. The White House has reportedly been in talks with Congress over the matter, and sources have reported that the Biden Administration has approved a draft of the legislation. ![]() security interests and can be used as a mass spyware program by China’s government. ![]() TikTok’s opponents claim that it compromises U.S.
0 Comments
Leave a Reply. |