Looking At Snowflake's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Snowflake (NYSE:SNOW) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 33% bullish and 66% bearish. The price of SNOW is currently down -0.71% at $168.96. Barclays, Raymond James, and Mizuho have maintained their positive ratings on Snowflake, while Needham and Wedbush have downgraded their actions.
September 12, 2023 | 6:15 pm
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Snowflake has seen unusual options activity with a significant bearish stance. Despite the current price drop, several experts maintain positive ratings.
The unusual options activity indicates that big-money traders are taking a bearish stance on Snowflake, which could potentially drive the stock price down in the short term. However, several experts have maintained their positive ratings on the company, which could counteract some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100