Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Snowflake Inc shares valued at $12,916,524 were purchased by Degnan Christopher William on Nov 21 ’24. At $168.42 per share, Degnan Christopher William acquired 76,692 shares.
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Also, Dageville Benoit purchased 68,750 shares, netting a total of over 11,103,125 in proceeds.
Before that, Kleinerman Christian had sold 15,000 shares from its account. In a trade valued at $1,811,550, the EVP, Product Management traded Snowflake Inc shares for $120.77 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $121.1 million.
As published in a research note from Monness Crespi & Hardt on November 21, 2024, Snowflake Inc [SNOW] has been retained to a Buy and the price target has been revised to $188. Analysts at Monness Crespi & Hardt upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early November. As of October 22, 2024, Cleveland Research has decreased its “Buy” rating to a “Neutral” for SNOW. Earlier on October 01, 2024, Argus initiated its rating. Their recommendation was “a Hold” for SNOW stock.
Analyzing SNOW Stock Performance
During the last five days, there has been a surge of approximately 32.55%. Over the course of the year, Snowflake Inc shares have dropped approximately -13.89%. Shares of the company reached a 52-week high of $237.72 on 02/12/24 and a 52-week low of $107.13 on 09/06/24. A 50-day SMA is recorded $119.00, while a 200-day SMA reached $142.13. Nevertheless, trading volume fell to 54.96 million shares from 15.56 million shares the previous day.
Support And Resistance Levels for Snowflake Inc (SNOW)
According to the 24-hour chart, there is a support level at 163.46, which, if violated, would cause prices to drop to 155.56. In the upper region, resistance lies at 176.95. The next price resistance is at 182.54. RSI (Relative Strength Index) is 84.52 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 15.77, which suggests the price will increase in the coming days. Percent R is at 5.37%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
