Snowflake Inc’s recently made public that its President of Products Dageville Benoit unloaded Company’s shares for reported $12.03 million on Nov 22 ’24. In the deal valued at $175.00 per share,68,750 shares were sold. As a result of this transaction, Dageville Benoit now holds 53,250 shares worth roughly $9.13 million.
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Then, Dageville Benoit sold 68,750 shares, generating $11,103,125 in total proceeds. Upon selling the shares at $161.50, the President of Products now owns 53,250 shares.
Before that, Slootman Frank sold 45,896 shares. Snowflake Inc shares valued at $8,080,504 were divested by the Director at a price of $176.06 per share. As a result of the transaction, Slootman Frank now holds 208,735 shares, worth roughly $35.78 million.
Wedbush 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 Monness Crespi & Hardt’s analysts, who remained covering the stock and in late November has reiterated a ‘”a Buy”‘ rating for it. Monness Crespi & Hardt also remained covering SNOW and has increased its forecast on November 06, 2024 with a “Buy” recommendation from previously “Neutral” rating. Cleveland Research revised its rating on October 22, 2024. It rated SNOW as “a Neutral” which previously was an “a Buy”.
Price Performance Review of SNOW
On Monday, Snowflake Inc [NYSE:SNOW] saw its stock jump 2.38% to $171.42. Over the last five days, the stock has gained 34.52%. Snowflake Inc shares have fallen nearly -13.86% since the year began. Nevertheless, the stocks have risen 0.15% 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 $121.25, while 200 days put it at $141.54.
Levels Of Support And Resistance For SNOW Stock
The 24-hour chart illustrates a support level at 169.05, which if violated will result in even more drops to 166.68. On the upside, there is a resistance level at 175.89. A further resistance level may holdings at 180.36. The Relative Strength Index (RSI) on the 14-day chart is 80.96, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 34.52, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.15%. Stochastics %K at 88.39% 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 2024-10-31, dropping by -1.4 million shares to a total of 11.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 13.17 million shares. There was a decline of -11.89%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 01, 2024 when Argus began covering the stock and recommended ‘”a Hold”‘ rating .
