Shares of SNAP were trading 5% higher today. Lets find out what's happening:

Snap Inc (SNAP) is trading 5% higher at $14.345 today. The beleaguered social media stock is rising despite Credit Suisse lowering it's estimates for the company. Does the greater market know something we don't? Has Snap entered bargain territory?

Snap Inc has been trading between a 52-week high of $83.34 and a 52-week low of $11.88. The stock has a market cap of $21.4 Billion.

Snap Inc. is a camera company. Snap believes that reinventing the camera represents its greatest opportunity to improve the way people live and communicate.

As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

INFOWARTS - 5 upvotes - source
How hard is Snap going to shake the market if they can’t deliver on even their slashed guidance

TubularStars - 4 upvotes - source
Everyone was surprised by the SNAP 50% run up. I'm going for it this time. Strong on calls, with some lottery puts. Netflix too expensive to fuck with for a poor like me

MomSpaget- - 4 upvotes - source
Need some shitty company like snap to release shit guidance before the bell else I'm done investing

drhuehue - 4 upvotes - source
this week we snap back to reality and dump straight to the earth's core. Wait a minute, inflation is bad?

Haze_od - 3 upvotes - source
You think they're going to let puts print x3. Yeah ok.... It'll be like Snap and not move until the following week n every calling the market a scam. Theta gang going to win this round I think.

TubularStars - 3 upvotes - source
Anyone else have SNAP calls then? Can't be the only one 😥

UFuked - 3 upvotes - source
Oh snap, Iow standards, I have a chance 

TubularStars - 2 upvotes - source
Don't doubt the power of SNAP. I don't believe in it, but I do believe in pre earnings craziness. Rhythm is a dancer

Fausterion18 - 2 upvotes - source
Even during 2008 the rental default rate wasn't much higher than the norm. Also most of these BOOM guys are in low rent Republican states where you can evict someone with the snap of a finger.

tendiesamust - 2 upvotes - source
Anyone playing snap earnings this week?