Check Out What Whales Are Doing With SNOW
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards Snowflake (NYSE:SNOW) with significant options activity detected. The stock is currently down by 3.11% and analysts have mixed ratings with an average target price of $168.2.
September 20, 2024 | 7:47 pm
News sentiment analysis
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Significant bearish sentiment from large investors detected in Snowflake's options market. The stock is down 3.11% with mixed analyst ratings and an average target price of $168.2.
The detection of significant bearish options activity by large investors suggests a negative outlook for Snowflake in the short term. The stock's recent decline of 3.11% aligns with this sentiment. Despite mixed analyst ratings, the average target price of $168.2 indicates potential upside, but the immediate market sentiment is bearish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100