Snowflake Unusual Options Activity For May 24
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Snowflake (NYSE:SNOW), with 70% of detected unusual options trades being bearish. The targeted price range for Snowflake over the last 3 months is $110 to $230. Wells Fargo maintains an Overweight rating with a $200 price target, while Stifel and Rosenblatt have Buy ratings with price targets of $185 and $188, respectively.
May 24, 2023 | 2:53 pm
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A whale has taken a bearish stance on Snowflake, with 70% of detected unusual options trades being bearish. Analysts maintain Buy/Overweight ratings with price targets ranging from $185 to $200.
The bearish stance taken by a whale with a significant amount of money to spend indicates a potential short-term negative impact on Snowflake's stock price. However, analysts maintain Buy/Overweight ratings with price targets ranging from $185 to $200, which could provide some support for the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100