Snowflake Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent options activity for Snowflake (NYSE:SNOW) shows a mix of bullish and bearish sentiment among investors, with a notable volume of trades focusing on a price window from $130.0 to $240.0. The company, known for its data lake, warehousing, and sharing solutions, has seen its stock price increase by 0.54% to $157.82. Analysts have set an average price target of $224.0, with specific targets ranging from $170 to $265. The next earnings report is expected in 65 days, and current RSI values suggest the stock may be oversold.
March 18, 2024 | 2:46 pm
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POSITIVE IMPACT
Snowflake's recent options activity shows a balanced sentiment among investors, with a focus on a price range of $130-$240. Analysts remain optimistic, setting an average price target of $224. The stock's slight increase and potential oversold status based on RSI values, combined with upcoming earnings, could influence short-term performance.
The mix of bullish and bearish options activity, alongside positive analyst ratings and the stock's current performance, suggests a cautiously optimistic outlook for Snowflake. The anticipation of the next earnings report and the stock's potential oversold status could drive short-term interest and activity in SNOW shares.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100