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SNAP stock will hit $20 after Q2 earnings

SNAP stock will hit $20 after Q2 earnings
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Economy
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Description

Will NYSE:SNAP reach $20 after the Q2 2019 earnings?

Decision Logic

If the closing price of NYSE:SNAP is equal or higher than $20.00 in July 24 of 2019 (a day after the earnings call, the result of the bet will be YES. Otherwise it will be NO.

718
CLOSING IN2019-07-22 23:55:00

6:00AM, Jul 17, 2019 UTC

11:55PM, Jul 22, 2019 UTC

2:00PM, Jul 24, 2019 UTC

RESOLVED AT 8:33PM, Jul 24, 2019 UTC

Total Volume: 0.0979

This bet has been resolved!

The outcome was "No"

0.09791999 was split between 11 bettors.
YES
Volume:0.0350
0.04865
# of Bets:2
NO
Volume:0.0629
0.08260514
# of Bets:11

Discussion

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jony 7:46PM, Jul 24, 2019 UTC
nice, won my first bet
d_d 11:05PM, Jul 19, 2019 UTC
These earnings bets are not that simple as they might initially look like. It was the least favourable option, who won last time: https://www.betmoose.com/bet/snap-stock-will-hit-15-after-q1-earnings-4469#bets-1 Needless to say that $15 target was eventually reached. Let's see what next week brings...
werewolf 10:32PM, Jul 19, 2019 UTC
One thing to consider. If some company announces an acquisition of SNAP for $20 per share the stock will be trading at a small discount to the offer price ~ $19.85 or so. On the other hand SNAP can be easily sold just for $20.5 per share for this bet to be resolved as YES. https://www.vox.com/2018/9/28/17912266/pivot-kara-swisher-scott-galloway-podcast-first-episode-amazon-snapchat-instagram-tech-bias

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