Snowflake Inc. (SNOW) Stock Sinks As Market Gains: Here's Why

Snowflake Inc. (SNOW) closed at $203.81 in the latest trading session, marking a -0.86% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.08% for the day. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, added 0.36%.Heading into today, shares of the company had gained 3.54% over the past month, lagging the Computer and Technology sector's gain of 4.29% and outpacing the S&P 500's gain of 2.4% in that time.The investment community will be paying clos ...