NEW YORK: Snap Inc shares rebounded on Monday from a record low in a volatile trading session as big investors reported their stakes in the social media company and a wave of employees became eligible to sell their shares. Snap rose 6.5 percent to end at $12.60 after falling to as low as $11.28 shortly after the market opened, the lowest level since its March trading debut. Volume hit about 84 million shares, making Snap the most-traded stock across all US exchanges. Employees for the first time were allowed to sell their stock following the Snapchat parent’s blockbuster initial public offering, potentially increasing the supply of shares in the market and boosting their volatility. Also on Monday, several hedge funds and other institutional investors reported changes to their stakes in Snap in the June quarter. T. Rowe Price Group Inc, a mutual fund manager that is Snap’s fifth-largest shareholder, hiked its stake by about a third, according to filings on Monday. BlackRock Inc, the world’s largest asset manager, and Coatue Management LLC, a hedge fund that is Snap’s sixth-largest shareholder, also increased their stakes, recent filings said. Published in Daily Times, August 16th 2017.