Unpacking the Latest Options Trading Trends in Snowflake
Portfolio Pulse from Benzinga Insights
Recent options trading trends for Snowflake (NYSE:SNOW) show a bearish sentiment among investors, with 58% of trades being bearish. Significant trading activity has targeted a price range of $115.0 to $195.0. Despite this, expert analysts have set higher target prices for SNOW, ranging from $214 to $290. The company's current market performance shows a slight decrease in stock price to $161.6, with an indication of being potentially oversold. Snowflake's next earnings report is expected in 70 days.
March 13, 2024 | 4:16 pm
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NEUTRAL IMPACT
Bearish options trading sentiment with a significant volume targeting $115-$195. Analysts remain optimistic with higher target prices. Current market performance shows a slight decrease, but potential oversold status could indicate a rebound.
The bearish sentiment in options trading contrasts with the bullish outlook from analysts, indicating mixed signals for short-term price movement. The current slight decrease in price and potential oversold status suggest a possible rebound, especially with the upcoming earnings report in 70 days which could serve as a catalyst for price movement.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100