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Snapchat sinks as Facebook launches a clone (SNAP)

Snapchat's stock price is sinking, but it's still above its IPO price.

Snap's stock price is down 3.7% at $22.95 per share on Tuesday after Facebook announced it is

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  • Goldman Sachs:
  • Morgan Stanley:
  • Citi:
  • RBC:
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  • Stifel:
  • Cowen:

Snapchat priced its IPO at $17 per share, and its first trade on March 2 printed at $24. The stock hit a high of $29.44 on March 3 before falling to a low of $18.90 on March 17.

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