This Is What Whales Are Betting On Snowflake
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Snowflake (NYSE:SNOW), with 72% of the observed trades being bearish. The whales have been targeting a price range from $145.0 to $210.0 for Snowflake over the last 3 months. The current price of SNOW is $162.88, up 0.66%. Mizuho and HSBC have downgraded their actions to Buy with price targets of $180 and $201 respectively.
October 10, 2023 | 6:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
A significant investor has taken a bearish stance on Snowflake, which could potentially drive the stock price down in the short term. The current price of SNOW is $162.88, up 0.66%. Mizuho and HSBC have downgraded their actions to Buy with price targets of $180 and $201 respectively.
The bearish stance taken by a significant investor, along with the downgrades by Mizuho and HSBC, could potentially drive the stock price down in the short term. The current price of SNOW is $162.88, which is within the targeted price range of $145.0 to $210.0 by the whales over the last 3 months.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100