Snowflake Inc’s recent filing unveils that its President of Products Dageville Benoit unloaded Company’s shares for reported $1.02 million on Dec 26 ’24. In the deal valued at $162.64 per share,6,250 shares were sold. As a result of this transaction, Dageville Benoit now holds 47,710 shares worth roughly $7.57 million.
Then, Ho Emily sold 1,508 shares, generating $246,063 in total proceeds. Upon selling the shares at $163.17, the Chief Accounting Officer now owns 44,760 shares.
Before that, Dageville Benoit bought 6,250 shares. Snowflake Inc shares valued at $1,016,500 were divested by the Officer at a price of $162.64 per share.
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 Friday, Snowflake Inc [NYSE:SNOW] saw its stock fall -2.95% to $158.65. Over the last five days, the stock has lost -3.39%. Snowflake Inc shares have fallen nearly -20.28% since the year began. Nevertheless, the stocks have fallen -20.16% 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 $145.95, while 200 days put it at $138.12.
Levels Of Support And Resistance For SNOW Stock
The 24-hour chart illustrates a support level at 156.35, which if violated will result in even more drops to 154.05. On the upside, there is a resistance level at 161.85. A further resistance level may holdings at 165.06. The Relative Strength Index (RSI) on the 14-day chart is 47.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.05%. Stochastics %K at 8.30% indicates the stock is a buying.
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 .
