Snap is popping as its newest lockup expires (SNAP)

Getty Shares of Snap are trading up 7.40% after hitting a new intraday low of $11.28. The previous low, set last week, was $11.91. Shares of Snap are still under pressure from several lockup periods that expire this month. 1.2 billion shares held by company insiders will become available for trading for the first time over the next month. The next lock-up expires on Monday, which is also the last day hedge funds can report their holdings. The new lowcomes after the news that billionaire investor...