What's Going On With Snap Inc. Stock?

Snap Inc. SNAP shares are trading lower Wednesday. The stock appears to be pulling back after gaining more than 6% over the last five days.

What To Know:

Shares of SNAP are moving lower on heavy trading volume. According to data from Benzinga Pro, more than 23.1 million shares have been traded in the session, compared to the stock's 100-day average of 26.436 million shares.

SNAP has become a favorite ticker among retail investors, and according to data from Benzinga Pro, 7.8% of available shares are being sold short.

Related News: Canopy Growth Stock Is Smoking: What's Going On?

SNAP Price Action: According to Benzinga Pro, Snap shares are down 7.3% at $9.69 at the time of publication.

Image: MIH83 from Pixabay