Shares of Snap have tumbled below the $20 level, trading down 4.1% at $19.91 per share as of 2:12 p.m. ET.
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Snapchat dips below $20 for the first time (SNAP)
The first trade happened at $24.
Thursday's selling has Snap down about 32% from its all-time high set on March 3, just a day after the initial public offering. Snap's IPO priced at $17 per share and their first trade occurred at $24.
Wall Street has been skeptical of Snap from the get go as it
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