Why Snap's Stock Is Trading Higher Today

Snap Inc. SNAP shares are trading higher. 

Bloomberg reported Trump may order China's ByteDance to sell TikTok's U.S. operations. TikTok has been seen as a competitor to Snapchat and this action could potentially benefit Snap.

Snap operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application that helps people to communicate through short videos and images called Snaps.

Snap's stock was trading up 3.84% at $24.27 per share on Friday at the time of publication. The company has a 52-week high of $26.76 and a 52-week low of $7.89.