Snowflake Inc’s filing revealed that its Director Speiser Michael L acquired Company’s shares for reported $9.99 million on Jun 07 ’24. In the deal valued at $131.09 per share,76,200 shares were bought. As a result of this transaction, Speiser Michael L now holds 1,632,225 shares worth roughly $206.9 million.
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Then, Kleinerman Christian sold 15,000 shares, generating $2,057,100 in total proceeds. Upon selling the shares at $137.14, the EVP, Product Management now owns 757,597 shares.
Before that, Ho Emily sold 6,500 shares. Snowflake Inc shares valued at $1,029,340 were divested by the Chief Accounting Officer at a price of $158.36 per share. As a result of the transaction, Ho Emily now holds 36,076 shares, worth roughly $4.57 million.
Exane BNP Paribas upgraded its Snowflake Inc [SNOW] rating to an Outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in mid April with a ‘”an Overweight”‘ rating. Rosenblatt also remained covering SNOW and has increased its forecast on April 05, 2024 with a “Buy” recommendation from previously “Neutral” rating. Redburn Atlantic revised its rating on March 19, 2024. It rated SNOW as “a Sell” which previously was an “a Neutral”.
Price Performance Review of SNOW
On Monday, Snowflake Inc [NYSE:SNOW] saw its stock fall -3.39% to $126.76. Over the last five days, the stock has lost -7.43%. Snowflake Inc shares have fallen nearly -36.30% since the year began. Nevertheless, the stocks have fallen -27.28% over the past one year. While a 52-week high of $237.72 was reached on 02/12/24, a 52-week low of $128.41 was recorded on 06/10/24. SMA at 50 days reached $152.65, while 200 days put it at $170.91. A total of 10.61 million shares were traded, compared to the trading of 8.26 million shares in the previous session.
Levels Of Support And Resistance For SNOW Stock
The 24-hour chart illustrates a support level at 125.10, which if violated will result in even more drops to 123.44. On the upside, there is a resistance level at 129.21. A further resistance level may holdings at 131.66. The Relative Strength Index (RSI) on the 14-day chart is 22.09, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -13.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.97%. Stochastics %K at 5.98% indicates the stock is a buying.
