Why Is The Best Stock Of The Day Snowflake Inc. (SNOW)?

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Snowflake Inc. offers cloud services from its headquarters in Bozeman, Montana. With data warehouse-as-a-service technology, clients can store, manage and analyze big data on Amazon S3, Microsoft Azure and Google Cloud.

Snowflake Inc. SNOW -1.64% Change

Compared to this time last year, Snowflake is up around $10. The stock spiked at the end of 2020, fell after investors believed it was overbought and has spent much of this year in recovery mode.

Why is SNOW Moving?

SNOW is moving due to investor belief that the economy will recover. Moreover, the stock is recovering after a sell-off early in July when investors thought the economy might not recover. This recovery could last for several days, allowing investors to make a profit if they buy in today.

Where to Buy Snowflake Inc. Stock

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Stay Ahead of the Game on SNOW

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Data for Snowflake Inc. as of July 12, 2021

Summary of Snowflake Inc. as of July 12, 2021:

  • Price Change: $269.490 to $265.06
  • 52 Week Low: $184.71
  • 52 Week High: $429
  • Market Cap: $70.481B

Significant Dates for Snowflake Inc.:

  • Next Earnings Date: July 28, 2021
  • Last Earnings Date: -
  • Ex-Dividend Date: -
  • Dividend Payment Date: -

Technical Data of Snowflake Inc. as of July 12, 2021:

  • RSI: 64.582 ⮕ Bullish
  • MACD: Signal Line (3.3660) Over MACD (-3.3716) ⮕ Bullish
  • Bollinger Bands: Price ($265.06), 20-Day SMA ($248.1467), Lower Band ($231.5004), Upper Band ($263.0106) ⮕ Bullish

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.
 

Posted In: Markets
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