{
  "symbol": "SNAP",
  "company": "Snap Inc.",
  "generated_at": "2026-06-24T07:36:52.829Z",
  "event_count": 1,
  "events": [
    {
      "type": "scout_dossier",
      "ts": "2026-05-21T00:40:32.579Z",
      "summary": "The investigation trigger was a cluster of Form 4 filings in the last 14 days — but all three most-recent filings (05/20, 05/15) are SELL transactions tied to RSU tax withholding and pre-scheduled 10b5-1 plans, not discretionary insider purchases. The CTO (co-founder Robert Murphy) executed the largest sales ($21M+ total via two 10b5-1 plans), CFO sold ~$1.3M under a 10b5-1 plan, and GC/CBO each sold sub-$750K for tax withholding on vested RSUs. There are zero open-market P-code purchases from executives in the recent window — this is entirely selling, which contradicts the bullish signal implied by the trigger. Financially, SNAP just reported Q1 2026 revenue of $1.53B (+12% YoY) with an operating loss of -$74M (narrowing from -$194M in Q1 2025), positive FCF of $327M for the quarter, and EPS of -$0.05 vs. estimate of -$0.067 (beat). Subscription revenue surged +87% YoY to $285M. The stock is down ~46% from its 52-week high of $10.41, trading at a forward P/E of 7.6x — cheap relative to social media peers but SNAP has historically not sustained profitability and carries massive debt (net debt ~$2.5B). Options flow shows a large whale call block at the $6 strike (V/OI = 25.77), net directional bias bullish at +75.8%, which is notable. However, no open-market insider purchases, negative ROE/ROIC, and significant litigation overhang (>1,200 cases) weigh against an asymmetric long setup.",
      "verdict": "no_anomaly",
      "confidence": 5,
      "tool_calls": 20,
      "walltime_min": 30,
      "debug_path": "dossiers/2026-05-21-SNAP.scout.debug.json"
    }
  ],
  "lessons": [],
  "chart_signal": {
    "ticker": "SNAP",
    "call": "SELL",
    "confidence": 5,
    "score": -9,
    "factors": {
      "below_200dma": "-2",
      "below_50dma": "-1",
      "momentum_strong_down": "-2 (-31.6%)",
      "rsi_neutral": "0 (30.9)",
      "recent_macd_bearish_cross": "-2 (11d ago)",
      "broken_below_high": "-2 (-56.9% from high)"
    },
    "summary": "SELL (score -9) · 12-1 mom -31.6% · RSI 30.9 · below_both · -56.9% from high",
    "last_close": 4.46,
    "one_month_ago_close": 5.69,
    "twelve_month_ago_close": 8.32,
    "twelve_one_momentum_pct": -31.61,
    "rsi_14": 30.9,
    "ma_stack": "below_both",
    "from_period_high_pct": -56.91,
    "period_high": 10.35,
    "price_targets": {
      "bear": 4,
      "fair": 5.9,
      "bull": 15,
      "bear_return_pct": -10.3,
      "fair_return_pct": 32.4,
      "bull_return_pct": 236.3,
      "method": "street_targets ⨯ chart_floors",
      "street": {
        "target_low": 4,
        "target_mean": 7.58472,
        "target_high": 15,
        "analyst_count": 36
      }
    },
    "generated_at": "2026-06-24T07:36:52.825Z"
  }
}