Snowflake Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Snowflake (NYSE:SNOW), with a majority of investors taking a bullish stance. The average open interest for Snowflake options stands at 1034.5, with a total volume reaching 769.00. The stock is currently trading at $160.2, with an expected price range of $120.0 to $175.0. Analyst ratings vary, with B of A Securities downgrading to Neutral, Capital One upgrading to Overweight, and Piper Sandler maintaining an Overweight rating, all with a price target of $195.
November 08, 2023 | 4:31 pm
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POSITIVE IMPACT
Snowflake has seen unusual options activity, with a majority of investors bullish. The stock is trading at $160.2, with an expected range of $120 to $175. Analyst ratings are mixed, with a common price target of $195.
The unusual options activity, majority of which is bullish, indicates investor confidence in Snowflake's performance. This, coupled with the current trading price and expected range, suggests a positive short-term impact on the stock. However, mixed analyst ratings introduce some uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100