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.

Source: CNBC.com

Date: Jan 16, 2019

Link: https://www.cnbc.com/2019/01/16/snap-nosedives-after-cfo-resigns-less-than-one-year-on-the-job.html

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?