Snap, the parent company to messaging app SnapChat, is set to report earnings after the closing bell May 10.
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Here's how users of investing startup Robinhood are trading Snap ahead of earnings (SNAP)
Start-up broker-dealer Robinhood's data scientist Arpan Shah, said that the data Robinhood has on Snap, "doesn't bode well" for the stock.
A woman stands in front of the logo of Snap Inc. on the floor of the New York Stock Exchange (NYSE) while waiting for Snap Inc. to post their IPO, in New York City
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In a note from the start-up broker-dealer Robinhood, data scientist that the data Robinhood has on Snap, "
- The buy to sell ratio for Snap is 1.1x heading to earnings, compared to 2.8x more buys than sells in the week after the IPO.
Shares of Snap inc. are down 6% since the company's IPO. The stock is down 1.42% May 10 as of 2:05 ET.
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