Snowflake Unusual Options Activity For July 18
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Snowflake (NYSE:SNOW) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The price target for Snowflake over the last 3 months has been between $180.0 to $260.0. Analysts from JP Morgan, Baird, Needham, JMP Securities, and Goldman Sachs have maintained their ratings on Snowflake with varying price targets.
July 18, 2023 | 3:30 pm
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Unusual options activity indicates a bearish stance on Snowflake. Analysts maintain their ratings with varying price targets.
The unusual options activity, with a bearish sentiment, indicates that a large investor expects the price of Snowflake to decrease. This could potentially influence other investors and drive the stock price down in the short term. However, the maintained ratings from analysts suggest that the long-term outlook for the company remains positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100