Check Out What Whales Are Doing With SNOW
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Snowflake (NYSE:SNOW) by a large investor or institution, as evidenced by unusual options activity. The sentiment among these big-money traders is split, with 59% bullish and 40% bearish. The whales have been targeting a price range from $120.0 to $270.0 for Snowflake over the last 3 months. The current price of SNOW is down -2.51% at $172.55. Analysts have mixed views, with downgrades from Wedbush and JMP Securities, and maintained Buy ratings from Needham and Mizuho.
July 05, 2023 | 8:16 pm
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Snowflake has seen significant options activity, indicating a large investor or institution has taken a bullish stance. The current price is down -2.51% at $172.55, with mixed analyst views.
The unusual options activity indicates that a large investor or institution is taking a significant position in Snowflake. This could potentially influence the stock's price in the short term. However, the mixed analyst views and the current downward trend in price make the impact uncertain.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100