Snowflake Inc’s recent filing unveils that its EVP, Product Management Kleinerman Christian unloaded Company’s shares for reported $1.81 million on Nov 06 ’24. In the deal valued at $120.77 per share,15,000 shares were sold. As a result of this transaction, Kleinerman Christian now holds 706,755 shares worth roughly $87.28 million.
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Then, Kleinerman Christian bought 15,000 shares, generating $1,811,550 in total proceeds.
Before that, Kleinerman Christian sold 30,000 shares. Snowflake Inc shares valued at $3,600,000 were divested by the EVP, Product Management at a price of $120.00 per share. As a result of the transaction, Kleinerman Christian now holds 721,755 shares, worth roughly $89.14 million.
Monness Crespi & Hardt upgraded its Snowflake Inc [SNOW] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Cleveland Research’s analysts, who decreased its forecast for the stock in late October from “a Buy” to “a Neutral”. Argus began covering SNOW with “Hold” recommendation on October 01, 2024. HSBC Securities revised its rating on August 23, 2024. It rated SNOW as “a Hold” which previously was an “a Reduce”.
Price Performance Review of SNOW
On Monday, Snowflake Inc [NYSE:SNOW] saw its stock jump 2.16% to $123.50. Over the last five days, the stock has gained 8.58%. Snowflake Inc shares have fallen nearly -37.94% since the year began. Nevertheless, the stocks have fallen -21.01% 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 $115.34, while 200 days put it at $145.17.
Levels Of Support And Resistance For SNOW Stock
The 24-hour chart illustrates a support level at 122.22, which if violated will result in even more drops to 120.95. On the upside, there is a resistance level at 124.24. A further resistance level may holdings at 124.99. The Relative Strength Index (RSI) on the 14-day chart is 59.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.84, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.45%. Stochastics %K at 80.25% indicates the stock is a selling.
How much short interest is there in Snowflake Inc?
A steep rise in short interest was recorded in Snowflake Inc stocks on 2024-10-15, growing by 1.1 million shares to a total of 12.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 11.5 million shares. There was a rise of 8.71%, which implies that there is a positive sentiment for the stock.
