The market has been down on Snowflake Inc (SNOW) stock recently. SNOW gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.
Snowflake Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SNOW!
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With SNOW Stock Today?
Snowflake Inc (SNOW) stock is trading at $163.25 as of 9:44 AM on Wednesday, Aug 17, a decline of -$4.19, or -2.5% from the previous closing price of $167.44. The stock has traded between $163.01 and $165.78 so far today. Volume today is light. So far 69,687 shares have traded compared to average volume of 5,945,392 shares.
To see InvestorsObserver's Sentiment Score for 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.
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