Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Snowflake Inc shares valued at $388,150 were sold by Slootman Frank on Dec 03 ’24. At $175.00 per share, Slootman Frank sold 2,218 shares. The insider’s holdings dropped to 208,735 shares worth approximately $38.93 million following the completion of this transaction.
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Also, Slootman Frank sold 1,774 shares, netting a total of over 311,924 in proceeds. Following the sale of shares at $175.83 each, the insider now holds 208,735 shares.
Before that, Degnan Christopher William had sold 12,782 shares from its account. In a trade valued at $2,224,879, the Chief Revenue Officer traded Snowflake Inc shares for $174.06 each. Upon closing the transaction, the insider’s holdings decreased to 12,782 shares, worth approximately $60.38 million.
As published in a research note from Wedbush on November 25, 2024, Snowflake Inc [SNOW] has been rated up from a Neutral to an Outperform and the price target has been revised to $190. Analysts at Monness Crespi & Hardt resumed the stock at ‘”a Buy”‘ outlook in a report released in late November. As of November 06, 2024, Monness Crespi & Hardt has increased its “Neutral” rating to a “Buy” for SNOW. Earlier on October 22, 2024, Cleveland Research downgraded its rating. Their new recommendation was “a Neutral” for SNOW stock which previously was a “a Buy”.
Analyzing SNOW Stock Performance
During the last five days, there has been a surge of approximately 8.89%. Over the course of the year, Snowflake Inc shares have dropped approximately -6.28%. 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 $128.89, while a 200-day SMA reached $139.92. Nevertheless, trading volume fell to 13.47 million shares from 7.67 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 181.13, which, if violated, would cause prices to drop to 175.74. In the upper region, resistance lies at 189.36. The next price resistance is at 192.20. RSI (Relative Strength Index) is 83.20 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 20.66, which suggests the price will increase in the coming days. Percent R is at 0.49%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
