Snowflake Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Snowflake (NYSE:SNOW), with 64% of detected unusual options trades being bearish. Whales have been targeting a price range of $135 to $210 for Snowflake over the last 3 months. The stock is currently down 3.41% at $178.02, and Stifel has upgraded its action to Buy with a price target of $185.
May 19, 2023 | 4:00 pm
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NEUTRAL IMPACT
A whale has taken a bearish stance on Snowflake, with 64% of detected unusual options trades being bearish. The stock is currently down 3.41% at $178.02, and Stifel has upgraded its action to Buy with a price target of $185.
The bearish stance taken by the whale on Snowflake may create short-term downward pressure on the stock price. However, the upgrade by Stifel to Buy with a price target of $185 suggests a potential upside in the medium term. The mixed signals from these events result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100