As SNAP Bounces On 13Fs, This Is How Long It Took Recent Tech Companies To Lose Their IPO Price
zerohedge.com / by Tyler Durden / May 15, 2017 5:40 PM
Investors are piling into Snap Inc. today (up over 7%) after hedge fund 13Fs over the weekend showed Appaloosa, Third Point, Soros, and Blackrock (among others) were all holders of the ‘camera’ company at the end of Q1…
Having dropped to as low as $17.07 (just 7c above the IPO price), the fact that these asset managers were holding the stock above $22 six weeks ago is apparently a reason to buy?
The post As SNAP Bounces On 13Fs, This Is How Long It Took Recent Tech Companies To Lose Their IPO Price appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/05/16/as-snap-bounces-on-13fs-this-is-how-long-it-took-recent-tech-companies-to-lose-their-ipo-price/
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