Is Snowflake Inc (SNOW) Stock About to Get Hot Tuesday?

Snowflake Inc (SNOW) stock has gained 1.85% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator.

Snowflake Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on SNOW!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With SNOW Stock Today?

Snowflake Inc (SNOW) stock has risen 4.4% while the S&P 500 is down -1.82% as of 10:45 AM on Tuesday, Jul 5. SNOW has gained $6.36 from the previous closing price of $144.53 on volume of 2,443,123 shares. Over the past year the S&P 500 is down -13.53% while SNOW is down -36.88%. SNOW lost -$2.10 per share in the over the last 12 months. To screen for more stocks like Snowflake Inc click here.

More About Snowflake Inc

Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that came public in 2020. To date, the company has over 3,000 customers including nearly 30% of the Fortune 500 as its customers. Snowflake's data lake stores unstructured and semistructured data that can then be used in analytics to create insights stored in its data warehouse. Snowflake's data sharing capability allows enterprises to easily buy and ingest data almost instantaneously compared with a traditionally months-long process. Overall, the company is known for the fact that all of its data solutions that can be hosted on various public clouds. Click Here to get the full Stock Report for Snowflake Inc stock.