Snap Inc. (NYSE:SNAP – Get Free Report) shares were down 8.1% on Wednesday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. Approximately 33,843,688 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 48,659,684 shares. Piper Sandler reissued a “neutral” rating on shares of Snap in a research report on Tuesday. Get Snap alerts:Check Out Our Latest Analysis on SNAPInsider Activity at SnapKey Snap NewsIn other Snap news, CTO Robert C. Murphy sold 2,000,000 shares of Snap stock in a transaction dated Wednesday, May 13th. On average, research analysts expect that Snap Inc. will post -0.07 earnings per share for the current fiscal year.