Before The Move: Watch Snowflake Into Lockup Expiration
WHAT'S NOTABLE: Back in October, Bernstein analyst Zane Chrane initiated coverage of Snowflake with a Market Perform rating and $270 price target. The analyst told investors at the time that he saw risk of multiple contraction as investors begin to anticipate the lockup expiration on insider sales.
PRICE ACTION: In morning trading, shares of Snowflake have dropped almost 2% to $323.85.
"Before the Move" is The Fly's recurring series of exclusive stories that identify potentially market moving events, along with analyst predictions, ahead of the news.
Disclaimer: ...
more
How did you like this article? Let us know so we can better customize your reading experience.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
