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Whoops, Wrong Snap Stock!

By Rick Roman - 14 Feb 2017 4173 0 comment
Whoops, Wrong Snap Stock!

Snapchat’s (now called Snap Inc.) IPO hasn’t happened yet but that hasn’t stopped confused investors from buying, even if it’s the wrong stock.

Bloomberg reports that investors have been snapping up Snap Interactive (ticker STVI) thinking they are buying Snap Inc. (ticker SNAP), Snapchats new company name. Snap Interactive is a small mobile dating app firm  that has nothing to do with Snapchat.

Snap Interactive’s trading volume and stock price have soared since Snap Inc. filed for its IPO.

Lesson learned:  Pay attention.

You will be able to buy Snap stock at beginning the day of the IPO.

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