Snowflake Unusual Options Activity For July 25
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 sentiment among these big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $145.0 to $240.0 for Snowflake over the last 3 months. The current price of SNOW is up 2.43% at $179.04. Several financial institutions have maintained or upgraded their ratings on Snowflake, with price targets ranging from $185 to $213.
July 25, 2023 | 3:46 pm
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Unusual options activity indicates a significant bearish stance on Snowflake. The sentiment among big-money traders is 33% bullish and 66% bearish. Several financial institutions have maintained or upgraded their ratings on Snowflake, with price targets ranging from $185 to $213.
The unusual options activity, with a significant bearish stance, indicates that large investors are expecting the price of Snowflake to decrease. This could put downward pressure on the stock price in the short term. However, several financial institutions have maintained or upgraded their ratings on Snowflake, which could counteract some of this downward pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100