Why Snap Snapped but Albemarle Powered Higher Tuesday

·3 min read
Why Snap Snapped but Albemarle Powered Higher Tuesday

Investors remain concerned about the lack of consistency from companies reporting their latest financial results, as well as ongoing macroeconomic and geopolitical worries more broadly. Snap (NYSE: SNAP) suffered a big decline as shareholders weren't pleased with the social media company's latest warning, but Albemarle (NYSE: ALB) said good things about the state of its business that made its investors even more optimistic about its future. Shares of Snap dropped nearly 30% in premarket trading on Tuesday morning.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting