Snap has been on a roller coaster ride since its IPO a week ago. The stock is trading more than 20% below its highs, but still 32% above where shares were priced.
Now investors are watching what will move the stock next, after Snap options started trading today and the company opened a store for its 'Spectacles' this week just blocks from its office on the Venice Beach Boardwalk.
The next milestone: When the two dozen banks who were underwriters of Snap Inc.'s IPO issue their reports — an event that's been nicknamed a 'booster shot.' The SEC has a mandatory quiet period of ten days after the IPO — which would end Sunday. But most of those banks still adhere to the prior 25 day quiet period rule, which means a flood of analyst reports should land around Monday March 27.