2 Years Ago
1 Min Read

SNOW is on the move - down -6%. Here's what's going on:



Shares of Snowflake Inc. (SNOW) are trading -6% lower at a price of $186.4 at the time of this writing. The stock is faltering behind peers on a slightly somber day for the Information Technology sector.

Snowflake Inc. has been trading between a 52-week high of $405 and a 52-week low of $110.27. The stock has a market cap of $59.3 Billion.

Snowflake Inc. is a cloud computing-based data warehousing company based in San Mateo, California. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode.

Headlines


Teradata takes on Snowflake and Databricks with cloud-native platform
VentureBeat 08-29-22

Why Snowflake Stock Was Surging This Week
The Motley Fool 08-26-22

3 Wild Metrics Highlight Snowflake''s Staggering Momentum
The Motley Fool 08-26-22

Friday’s Top Analyst Upgrades and Downgrades: Danaher, First Majestic Silver, First Solar, Illumina, KB Home, NetApp, Nvidia, Salesforce, Snowflake and More
24/7 Wall street 08-26-22

''Not so bullish'' on tech, but like Palo Alto and Snowflake - Independent Solutions'' portfolio manager
Seeking Alpha 08-26-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

DucatiSteve1299 - 5 upvotes - source
Thinking about puts on SNOW. Insiders sold more than the company has made in sales. The more they sell, the more money they lose.

The_good_die_2_young - 3 upvotes - source
Are snow puts a bad idea?

Finneagan - 3 upvotes - source
SNOW is gonna get railed with profit taking and stop losses

e10n - 2 upvotes - source
SNOW ![img](emote|t5_2th52|4271)

Odd-Measurement7706 - 2 upvotes - source
Jpow well hung in snow white pants.

pendake - 2 upvotes - source
I’ve got a very diversified port heading into this week: October $85 XLE Calls Sept $185 SNOW Puts Sept $31 GME Calls Buffett himself would be impressed.

Traditional-Cattle62 - 1 upvotes - source
wait trading can end early if it dropped 20% like it doesn’t just get halted? lol like school getting out early for snow? ![img](emote|t5_2th52|4271)

Gr4pe_4pe - 1 upvotes - source
Using these bots always reminds me of the demons and the big board in snow crash

Finneagan - 1 upvotes - source
SNOW puts@165 Trigger pulled