Snowflake Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Investors have taken a bearish stance on Snowflake (NYSE:SNOW) as indicated by unusual options activity. Benzinga's options scanner detected 9 uncommon options trades, with 55% of the sentiment being bearish. The major market movers are focusing on a price band between $90.0 and $200.0 for Snowflake. The stock is currently trading at $163.8, down by -0.59%, with an anticipated earnings release in 1 day. Analysts have mixed ratings with an average price target of $218.33.
May 21, 2024 | 2:46 pm
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NEGATIVE IMPACT
Unusual options activity for Snowflake (NYSE:SNOW) shows a bearish sentiment with 55% of trades being bearish. The stock is currently trading at $163.8, down by -0.59%. Analysts have mixed ratings with an average price target of $218.33.
The detection of unusual options activity with a predominantly bearish sentiment suggests that investors expect the stock to decline in the short term. The current stock price is down, and the mixed analyst ratings add to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100