Snowflake shares are trading lower in possible sympathy with Datadog, which dropped after reporting Q1 earnings.
Portfolio Pulse from Benzinga Newsdesk
Snowflake shares are trading lower, potentially in sympathy with Datadog's drop following its Q1 earnings report.
May 07, 2024 | 5:50 pm
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Snowflake's stock is trading lower, possibly due to Datadog's decline after its Q1 earnings were announced.
Snowflake's stock decline is likely influenced by Datadog's performance post-earnings, as companies in similar sectors often move in sympathy with each other's significant financial updates.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75