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 $142,332 were sold by Kleinerman Christian on Dec 23 ’24. At $165.31 per share, Kleinerman Christian sold 861 shares. The insider’s holdings dropped to 582,930 shares worth approximately $95.05 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Dageville Benoit sold 286 shares, netting a total of over 47,279 in proceeds. Following the sale of shares at $165.31 each, the insider now holds 47,710 shares.
Before that, Dageville Benoit had added 286 shares to its account. In a trade valued at $47,279, the Officer bought Snowflake Inc shares for $165.31 each.
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 -4.60%. Over the course of the year, Snowflake Inc shares have dropped approximately -18.12%. 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 $144.34, while a 200-day SMA reached $138.13. Nevertheless, trading volume fell to 1.75 million shares from 5.68 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 161.75, which, if violated, would cause prices to drop to 160.44. In the upper region, resistance lies at 164.03. The next price resistance is at 165.00. RSI (Relative Strength Index) is 51.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.08, which suggests the price will decrease in the coming days. Percent R is at 90.82%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
