Snap Regains IPO Price After Jenner Tweet

Snap is back at $17 a share as sellers remain in control for a fifth day. Shares have been hit by a negative reaction to the Snapchat redesign. The shares are still up 14% this year. "While the recent redesign of [Snap's] flagship app could produce positive long-term benefits, [there is a] significant jump in negative app reviews since the redesign was pushed out a few weeks, which could result in a decline in users and user engagement, and could negatively impact financial results," analysts Mark May and Hao Yan wrote.