Why Snowflake Stock Dived by Almost 6% Today

A pundit at a prominent bank got notably less bullish on Snowflake (SNOW -4.71%) stock as the trading week kicked off, and the company's stock subsequently fell to close Monday 5.5% lower. While the day wasn't a particularly memorable one for stocks generally, Snowflake's decline was far sharper than the S&P 500 index's 0.1%.Citi makes a deep cutThe person behind the move was Citigroup analyst Tyler Radke. Well before the market opened that day, he chopped his Snowflake price target by a hefty $50 per share ...