Snowflake Inc. (SNOW) is trading -6% lower at $160.74 today.

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 $45.7 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.

UBS downgrades Snowflake to neutral, says cloud computing spend could slow
CNBC 08-16-22

Snowflake dips as analysts get cautious, citing weak field checks going into Q3
Seeking Alpha 08-16-22

Citi Opens Negative Catalyst Watch on Snowflake
Investing.com 08-16-22

UPDATE: UBS Downgrades Snowflake Inc. to Neutral Following Field Checks
Investing.com 08-16-22

Hunt Lane Capital LP Buys 1, Sells 4 in 2nd Quarter
GuruFocus 08-16-22


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™:

CrazyHeadshotJR - 3 upvotes - source
Why is snow being such a fuckin cuck moon already

CrazyHeadshotJR - 2 upvotes - source
Snow finna pump til earnings next week. Letting y’all know 🌕🚀

tendiesandwendys - 2 upvotes - source
Shit going to snowball. And not the way most of here know snowballing but like the kind that happens with snow down a hill.

CrazyHeadshotJR - 1 upvotes - source
I want to but I have snow calls for earnings might switch over