Is Snowflake a Buy After Its Stock Soared 30%?
Snowflake(SNOW) The Motley Fool·2024-11-30 12:30
Snowflake (SNOW 0.63%) isn't having the best of years. The stock is down 11% in 2024, by far underperforming major indices. But it used to be much worse. Snowflake stock is actually up big in the last month after it reported blowout figures for its third quarter of fiscal year 2025 (ending Oct. 31). After that report, the stock surged over 30% the following trading day.Some may view that as missing the move, as it was an enormous rise in just one day. However, there are signs that this could be a long-term ...