Core Viewpoint - Johnson Fistel, PLLP is investigating whether Snowflake Inc. and its executives complied with federal securities laws following significant investor losses after the company's recent financial disclosures [1][5]. Group 1: Investigation Details - The investigation is focused on potential recovery of losses incurred by investors who purchased Snowflake securities [2][5]. - The investigation was prompted by Snowflake's financial results announcement on February 28, 2024, which included changes in customer behavior and product-related developments that negatively impacted the company's outlook [3]. Group 2: Stock Price Impact - Following the financial disclosures, Snowflake's stock price dropped sharply from approximately $230.00 per share to $188.28 per share on February 29, 2024, marking a decline of $41.72 per share, or over 18% [4]. Group 3: Johnson Fistel's Background - Johnson Fistel, PLLP is a nationally recognized law firm specializing in shareholder rights and securities class action lawsuits, with a strong track record of recovering funds for investors [6][7].
Snowflake Inc. (SNOW) Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information about Potentially Recovering Their Losses