fusionuf.blogg.se - Snowflake pro writing software

Snowflake stock declined 11% over a five-day trading period ending, compared to the broader market (S&P500) which remained roughly flat over the same period.Is Coca-Cola Stock Fairly Valued At $55?.

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See our analysis Snowflake Stock Chance of Risefor more details.įive Days: SNOW -11%, vs. So is SNOW stock likely to decline in the coming weeks and months or is a rally looking more likely? Per the Trefis machine learning engine which analyzes historical stock price movements, SNOW stock has a 60% chance of a rise over the next month (21 trading days). However, the stock still remains up by about 4% over the last month (about 21 trading days) as investors were largely positive about the product updates the company showcased at its Snowday event conducted in mid-November. The decline is likely driven by investors reducing exposure to high-growth, high multiple software stocks such as Snowflake, amid concerns of rising inflation and indicators that the Federal Reserve was ready to raise interest rates sooner, and get more aggressive about tapering its asset purchases. Snowflake stock (NYSE:SNOW) has declined by about 11% over the last week (five trading days), underperforming the broader S&P 500 which remained roughly flat over the same period.