Home » US Stocks Fell on The Fear of Recession, Snapchat Stock Price Also on The Same Route Snapchat (SNAP) share price appears to be extremely bearish in December. Buyers saw 17% loss in the last 29 days. The daily RSI indicator is trading flat above the oversold zone. During the Santa rally, several US equities outperformed, while others fell. Snap Inc., a camera and social media firm located in the United States, is shutting down this month. This downturn occurred when the digital asset’s price fell by around 28% following the Q3 results report. For long-term investing, the NYSE:Snapchat share price appears to be low. However, Wall Street’s major indexes finished down on Wednesday, with the Nasdaq reaching a 2022 low as investors prepared for a 2023 with conflicting economic data, growing COVID cases in China, and geopolitical concerns. Despite a dismal worldwide market close, the SNAP stock price ended the day in the green, up 0.12%. Speculators saw extreme volatility in the months of October and November as the monthly price candles formed two consecutive long-legged Doji candles. However, buyers are active in the market as there is bullish momentum from last two days. In the December 28
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US Stocks Fell on The Fear of Recession, Snapchat Stock Price Also on The Same Route
