Snap stock hits new all-time low, company unveils new styles of Spectacles

Shares of Snap Inc. SNAP, -3.72% hit a new all-time low in intraday trading Wednesday and are on track to close at the lowest levels in the company’s history. Shares changed hands at $10.27 earlier in the session and registered a recent price of $10.30, below their $10.55 closing price from late May. Also on Wednesday, the company unveiled two new styles of Spectacles glasses, which look more like traditional sunglasses than the company’s prior styles. The stock is off 29% over the past 12 months, while the S&P 500 SPX, -0.45% has gained 17%.

Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.

Source: Read Full Article