Shares Of Snap Down 12% Less Than A Week After IPO

Shares of Snap Inc. (SNAP), the parent of video and image messaging app Snapchat, dropped as much as 12 percent on its fifth day of trading, closing at $21.45 Tuesday afternoon. The trading day capped off a steady three-day, nearly 30 percent decline in the Venice, California-based company’s share price, from a high of $29.44 late…