Snapchat parent Snap’s stock climbs toward a record nine-day win streak

Shares of Snapchat parent Snap Inc. SNAP surged 1.1% in afternoon trading Wednesday, which puts them on track to set a new record-long win streak, according to Dow Jones Market Data. The social media company’s stock has run up 18.8% during its current nine-session streak, which would break the previous record of eight sessions first set on June 23, 2020, then matched on Monday. The stock was also headed for it’s best nine-day stretch of gains since it rose 18.9% during the nine days ended March 6, 2023. Snap’s stock rally comes as Meta Platforms Inc.’s META new social media app Threads is set to debut on Thursday, with…