Looking At Snowflake's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Snowflake (NYSE:SNOW), with a bullish stance taken by a majority of investors. Of the 35 unusual trades detected, 54% were bullish and 45% were bearish. The total amount for puts was $664,205 and for calls was $3,374,549. The targeted price range for Snowflake over the last 3 months has been $85.0 to $290.0. The current price of SNOW is up 2.67% at $152.72. Analysts from Piper Sandler, Needham, Barclays, and Rosenblatt have given their ratings and price targets for the stock.
August 29, 2023 | 4:31 pm
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Snowflake has seen significant unusual options activity, with a majority of investors taking a bullish stance. The targeted price range over the last 3 months has been $85.0 to $290.0. The current price of SNOW is up 2.67% at $152.72.
The unusual options activity, with a majority of investors taking a bullish stance, indicates a positive sentiment towards Snowflake. This, combined with the current price increase, suggests a potential short-term positive impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100