Snap Interactive Shares Jump As Investors Await Snap Inc. IPO

Shares of Snap Interactive Inc. , which trades over the counter on the OTCQB exchange, soared 13% in active morning trade Thursday. Volume of 22,500 shares was nearly six times the full-day average. The company, which provides social networking and dating applications, has not released any news since Feb. 14, when it said Chief Executive Alex Harrington was named to the Global Dating Insights 2017 Power Book list of the most influential people in the online dating industry. The surge in the stock comes as investors wait for shares of Snapchat parent Snap Inc. to debut on the NYSE. Snap's initial public offering priced at $17 late Wednesday, and is currently indicated to open between $23.50 to $24.50.