The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Snowflake Inc shares valued at $332,937 were sold by Dageville Benoit on Dec 17 ’24. At $171.00 per share, Dageville Benoit sold 1,947 shares. The insider’s holdings dropped to 48,279 shares worth approximately $7.93 million following the completion of this transaction.
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Also, Slootman Frank sold 6,714 shares, netting a total of over 1,148,094 in proceeds. Following the sale of shares at $171.00 each, the insider now holds 196,454 shares.
Before that, Kleinerman Christian had sold 3,029 shares from its account. In a trade valued at $517,959, the EVP, Product Management traded Snowflake Inc shares for $171.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,029 shares, worth approximately $112.42 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 drop of approximately -3.41%. Over the course of the year, Snowflake Inc shares have dropped approximately -17.48%. 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 $141.94, while a 200-day SMA reached $138.15. Nevertheless, trading volume fell to 5.75 million shares from 5.04 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 161.32, which, if violated, would cause prices to drop to 158.44. In the upper region, resistance lies at 166.42. The next price resistance is at 168.64. RSI (Relative Strength Index) is 53.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.96, which suggests the price will decrease in the coming days. Percent R is at 86.44%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
