Snowflake Stock Looks Unsustainable Before Q2 Release

DNY59/iStock via Getty Images Intro & Thesis In May 2024, I issued a "Sell" rating for Snowflake Inc. (NYSE:SNOW) stock when it was trading at $147 apiece. Since then, despite some serious volatility, the broader market, as represented by the S&P 500 index (SP500) (SPY), has grown by over 5%. However, the SNOW stock has continued its downward trend, which started with the Q4 FY2024 report released in late February 2024. TrendSpider Software, SNOW, the author's notes I was basing my thesis on the slowing ...