Shares of Snowflake Inc. (SNOW) are trading 5% higher at a price of $161.12 at the time of this writing. The Information Technology sector is having a generally mildly cheerful day, this hasn't really affected the stock's share price, as it outmatching other names in the space.

A likely catalyst for the price move is traders taking positions in preparation for the upcoming earnings call on August 24.

Snowflake Inc. has been trading between a 52-week high of $405 and a 52-week low of $110.27. The stock has a market cap of $45.8 Billion.

Snowflake Inc. is a cloud computing-based data warehousing company based in San Mateo, California. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode.

Snowflake Earnings Preview: Market positive on SNOW ahead of Q2 results
FXStreet 08-24-22

Snowflake August weekly IV at 188 into quarter results and outlook
Investing.com 08-24-22

Snowflake Inc. (SNOW) did well last session?
US Post News 08-24-22

Nvidia, Salesforce, Snowflake Earnings: 3 Things to Watch By Investing.com
Investing.com 08-23-22

Will Snowflake Q2 earnings top estimates despite slowing usage trends?
Seeking Alpha 08-23-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

sc2summerloud - 4 upvotes - source
both of my ER plays tgis week so far hit, ZM puts, AAP puts. tomorrow its time for NVDA and SNOW.

venti_cocaine_latte - 3 upvotes - source
What kinda snow we talking? I might know someone who knows someone

MinimumCat123 - 2 upvotes - source
I just remember the last time I played SNOW ER, it dumped like 12% AH and ended the next day up like 5%.

prettyboyv - 2 upvotes - source
My JWN are puts looking nice. I hope that my profit will be enough to cover any potential losses from my Snow puts.

gravityCaffeStocks - 2 upvotes - source
yellow snow cone?

Shutup_Stupid_Commie - 2 upvotes - source
SNOW calls gonna print like crazy. Don't see how the earnings could be bad

enc-nyc - 2 upvotes - source
Anyone plays SNOW earnings today?

enc-nyc - 2 upvotes - source
anyone playing SNOW earnings?

prettyboyv - 2 upvotes - source
Oh my god, who is buying Snow in this market environment?

dmonta986 - 1 upvotes - source
Anyone playing snow earnings