Description: Snap shares plummeted 13.8 percent Wednesday afternoon following the company’s announcement Tuesday that its chief financial officer is resigning after less than a year on the job.
Date: Jan 16, 2019
Questions for discussion:
- Explain the drop in stock price in terms of managerial conditions.
- Do you think the stock is oversold under the circumstances?
- Would you be a buyer at this time?
Leave a Reply