The Latest Breaking News from Snowflake

The pandemic period has been a boon for the trio of companies that dominate cloud computing. Now as the economy enters another tumultuous phase, Amazon.com Inc., Microsoft Corp. and Google appear poised to extend their strength.

Someone with a lot of money to spend has taken a bullish stance on Snowflake (NYSE:SNOW). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

A whale with a lot of money to spend has taken a noticeably bearish stance on Snowflake. Looking at options history for Snowflake (NYSE:SNOW) we detected 10 strange trades.

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Snowflake Inc (NYSE: SNOW) shares are trading higher Thursday following bullish analyst coverage from JPMorgan.

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Snowflake's (NYSE:SNOW) short percent of float has risen 15.71% since its last report. The company recently reported that it has 9.69 million shares sold short, which is 3.61% of all regular shares that are available for trading.

Someone with a lot of money to spend has taken a bullish stance on Snowflake (NYSE:SNOW). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

A whale with a lot of money to spend has taken a noticeably bearish stance on Snowflake. Looking at options history for Snowflake (NYSE:SNOW) we detected 29 strange trades.

Despite witnessing solid top-line growth, data cloud company Snowflake (SNOW) continues to remain unprofitable. In addition, its shares have slumped more than 60% year-to-date after the company reported a disappointing financial outlook for the upcoming quarter. So, would it be worth buying the stock now? Let’s find out.

Snowflake Inc (NYSE: SNOW) shares are trading lower Thursday amid overall market weakness as stocks move lower following Wednesday's Fed rate hike announcement.