Snowflake Inc’s recently made public that its EVP, Product Management Kleinerman Christian unloaded Company’s shares for reported $95924.0 on Sep 23 ’24. In the deal valued at $111.41 per share,861 shares were sold. As a result of this transaction, Kleinerman Christian now holds 751,755 shares worth roughly $86.35 million.
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Then, Dageville Benoit sold 287 shares, generating $31,975 in total proceeds. Upon selling the shares at $111.41, the President of Products now owns 53,250 shares.
Before that, Kleinerman Christian bought 861 shares. Snowflake Inc shares valued at $95,924 were divested by the Officer at a price of $111.41 per share.
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 Monday, Snowflake Inc [NYSE:SNOW] saw its stock jump 0.83% to $114.86. Over the last five days, the stock has gained 1.41%. Snowflake Inc shares have fallen nearly -42.28% since the year began. Nevertheless, the stocks have fallen -23.99% 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 $118.89, while 200 days put it at $156.91.
Levels Of Support And Resistance For SNOW Stock
The 24-hour chart illustrates a support level at 113.15, which if violated will result in even more drops to 111.43. On the upside, there is a resistance level at 116.33. A further resistance level may holdings at 117.79. The Relative Strength Index (RSI) on the 14-day chart is 50.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.68%. Stochastics %K at 65.62% 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 2024-09-13, growing by 0.31 million shares to a total of 11.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 11.19 million shares. There was a rise of 2.69%, which implies that there is a positive sentiment for the stock.
