Looking for a bit of info.
I bought snowflake through the app back in September. Paid approx $260 per share. Today they are trading at $275 but the app is showing a loss on my investment.
Why is this?
Is it down to the FX rate £-$?
When I purchased the SNOW stock Sterling was 128 now it’s 140. Is it the fact the stock was purchased in $ not £ means that a higher £ reduces the effective value of $ stock?
If it’s not down to the FX rate then what’s the reason?