Snowflake Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Snowflake (NYSE:SNOW) as indicated by unusual options activity. The overall sentiment of big-money traders is split between 27% bullish and 72% bearish. The whales have been targeting a price range from $145.0 to $160.0 for Snowflake over the last 3 months. Analysts have mixed opinions with Piper Sandler and Wells Fargo maintaining their Overweight rating while Wedbush and DA Davidson downgraded their actions.
September 22, 2023 | 2:31 pm
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NEGATIVE IMPACT
Unusual options activity indicates a bearish stance on Snowflake. The sentiment of big-money traders is 72% bearish, targeting a price range of $145-$160. Analysts have mixed opinions.
The unusual options activity, with a majority being bearish, indicates that there might be a negative sentiment towards Snowflake. This could potentially lead to a decrease in the stock price in the short term. However, the mixed analyst opinions add a level of uncertainty to the prediction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100