Snap Stock Dives On Disappointing Q4 Sales, Soft 2024 Outlook—Key Price Levels to Watch

Key TakeawaysSnap shares plunged after the company missed analysts' quarterly sales expectations and issued a weaker-than-anticipated outlook for the current quarter amid slower digital advertising revenue caused by the Middle East conflict.The company's Snapchat+ subscription service added 2 million subscribers during the quarter, taking its total paid user count to 7 million.Snap shares find a confluence of support around $12 from a multi-month horizontal trendline and the 200-day moving average. Snap I ...