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 bearish stance being taken by a majority of investors. The price range targeted by these investors over the last 3 months is $130.0 to $210.0. The current price of SNOW is up 3.44% at $171.66. Analysts from Mizuho, Wells Fargo, and Barclays maintain a positive rating on Snowflake, while Needham and DA Davidson have downgraded their actions to Buy.
September 11, 2023 | 3:30 pm
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Snowflake has seen unusual options activity, with a bearish stance being taken by a majority of investors. The price range targeted by these investors over the last 3 months is $130.0 to $210.0. The current price of SNOW is up 3.44% at $171.66. Analysts have mixed ratings on the stock.
The unusual options activity indicates that a significant number of investors are taking a bearish stance on Snowflake, which could potentially drive the stock price down in the short term. The mixed analyst ratings also add to the uncertainty around the stock's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100