Snowflake Unusual Options Activity For August 16
Portfolio Pulse from Benzinga Insights
Financial giants have shown significant interest in Snowflake (NYSE:SNOW) through unusual options activity, with a balanced mix of bullish and bearish trades. The stock is currently trading at $128.47, up 1.11%, and is approaching overbought territory. Analysts have mixed ratings with price targets ranging from $130 to $160.
August 16, 2024 | 7:32 pm
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NEUTRAL IMPACT
Snowflake has experienced unusual options activity with a balanced mix of bullish and bearish trades. The stock is currently trading at $128.47, up 1.11%, and is approaching overbought territory. Analysts have mixed ratings with price targets ranging from $130 to $160.
The balanced mix of bullish and bearish trades in options activity suggests uncertainty in the short term. The stock's current price increase and approaching overbought territory indicate potential volatility. Mixed analyst ratings further contribute to a neutral short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100