Why Snap Shares Are Rising

Snap Inc. SNAP shares are trading higher, rebounding after dipping in sympathy with Facebook, Inc. FB on Monday. Social media stocks fell on Monday following criticisms of Facebook by a former employee as well as Facebook and Instagram outages.

Technology stocks also dipped on Monday amid a rise in bond yields, which has caused volatility on growth stocks.

Snap operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application with functionalities, such as Camera, Communication, Snap Map, Stories, and Spotlight.

Snap's stock was trading about 2.3% higher at $72.88 per share on Tuesday at the time of publication. The stock has a 52-week high of $83.34 and a 52-week low of $26.51.

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