In a filing, Snowflake Inc revealed its Director Slootman Frank unloaded Company’s shares for reported $0.18 million on Sep 10 ’24. In the deal valued at $109.96 per share,1,606 shares were sold. As a result of this transaction, Slootman Frank now holds 218,246 shares worth roughly $24.81 million.
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Then, Kleinerman Christian sold 558 shares, generating $61,358 in total proceeds. Upon selling the shares at $109.96, the EVP, Product Management now owns 759,473 shares.
Before that, Dageville Benoit sold 558 shares. Snowflake Inc shares valued at $61,358 were divested by the President of Products at a price of $109.96 per share. As a result of the transaction, Dageville Benoit now holds 57,683 shares, worth roughly $6.56 million.
HSBC Securities upgraded its Snowflake Inc [SNOW] rating to a Hold from a a Reduce in a research note published on August 23, 2024; the price target was increased to $121 from $119. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid August from “an Overweight” to “an Equal weight”. Exane BNP Paribas also remained covering SNOW and has increased its forecast on May 02, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. KeyBanc Capital Markets started covering the stock on April 11, 2024. It rated SNOW as “an Overweight”.
Price Performance Review of SNOW
On Friday, Snowflake Inc [NYSE:SNOW] saw its stock jump 0.60% to $113.67. Over the last five days, the stock has gained 4.71%. Snowflake Inc shares have fallen nearly -42.88% since the year began. Nevertheless, the stocks have fallen -31.25% over the past one year. While a 52-week high of $237.72 was reached on 02/12/24, a 52-week low of $107.13 was recorded on 09/06/24. SMA at 50 days reached $124.07, while 200 days put it at $160.93.
Levels Of Support And Resistance For SNOW Stock
The 24-hour chart illustrates a support level at 112.70, which if violated will result in even more drops to 111.73. On the upside, there is a resistance level at 114.84. A further resistance level may holdings at 116.01. The Relative Strength Index (RSI) on the 14-day chart is 43.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.30%. Stochastics %K at 41.68% indicates the stock is a holding.
How much short interest is there in Snowflake Inc?
A steep rise in short interest was recorded in Snowflake Inc stocks on 2024-08-30, growing by 1.07 million shares to a total of 12.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 11.5 million shares. There was a rise of 8.53%, which implies that there is a positive sentiment for the stock.
