In a filing, Snowflake Inc revealed its Chief Accounting Officer Ho Emily unloaded Company’s shares for reported $0.5 million on Jun 26 ’24. In the deal valued at $130.39 per share,3,845 shares were sold. As a result of this transaction, Ho Emily now holds 30,613 shares worth roughly $4.37 million.
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Then, Czajkowski Grzegorz sold 469,120 shares, generating $57,742,876 in total proceeds. Upon selling the shares at $123.09, the EVP, Engineering and Support now owns 494,942 shares.
Before that, Dageville Benoit sold 1,295 shares. Snowflake Inc shares valued at $162,121 were divested by the President of Products at a price of $125.19 per share. As a result of the transaction, Dageville Benoit now holds 58,791 shares, worth roughly $8.39 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 jump 5.69% to $142.77. Over the last five days, the stock has gained 14.40%. Snowflake Inc shares have fallen nearly -28.26% since the year began. Nevertheless, the stocks have fallen -18.77% over the past one year. While a 52-week high of $237.72 was reached on 02/12/24, a 52-week low of $122.60 was recorded on 06/25/24. SMA at 50 days reached $145.82, while 200 days put it at $168.90. A total of 9.86 million shares were traded, compared to the trading of 8.13 million shares in the previous session.
Levels Of Support And Resistance For SNOW Stock
The 24-hour chart illustrates a support level at 138.01, which if violated will result in even more drops to 133.25. On the upside, there is a resistance level at 145.25. A further resistance level may holdings at 147.73. The Relative Strength Index (RSI) on the 14-day chart is 58.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.65, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.98%. Stochastics%K at 96.05% indicates the stock is a selling.
