| | | Snap shares drop on downgrade by lead underwriter Morgan Stanley | | | (Reuters) - Snap Inc shares tumbled on Tuesday after Morgan Stanley, the lead underwriter on the company's initial public offering, downgraded the stock and raised concerns about the social media company's ability to compete with Facebook Inc's Instagram. |
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| Factbox: Snap IPO underwriters' coverage | | | (Reuters) - Snap Inc's shares dropped 5.2 percent in early trading on Tuesday, after lead IPO underwriter Morgan Stanley downgraded the stock and slashed its price target. |
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| | | Investors pay top dollar to short Snap | | | NEW YORK (Reuters) - Short-sellers placed more bets that shares of social media company Snap Inc would continue to fall on Tuesday, representing about 2.4 percent of trading volume in the stock, even though Snap is one of the most expensive shares on Wall Street to borrow. |
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| | | Oil jumps almost 2 percent after European storage data | | | NEW YORK (Reuters) - Oil prices surged almost 2 percent on Tuesday along with rising gasoline and heating oil futures after a report showed European product stockpiles fell despite an increase in refinery crude runs. |
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