Snowflake insiders buying millions of shares
Posted: Jun 14, 2024
- Snowflake stock has dropped 40% - Snowflake plans to release Snowflake AI, inspired by Apple's strategy with Siri and ChatGPT - Snowflake hopes this will increase their stock price, similar to Oracle and Adobe - NVIDIA is considered to be the real innovator in AI - Snowflake may be artificially inflating their stock through marketing tactics and insider buying - Nancy Pelosi may receive insider information to buy call options on Snowflake $SNOW
🚨 Reddit sentiment: mixed/negative - There is considerable skepticism and negative sentiment regarding Snowflake's historical performance and insider actions, though some positive points are acknowledged. Summarized comments: - Some users are puzzled by insiders buying Snowflake shares given its negative stock returns - There is skepticism about trust in Snowflake due to its poor historical performance - Some users believe that good engineers have joined Snowflake recently - There are negative sentiments with users referring to Snowflake as a 'dumpster fire' - Analysts like Motley Fool are now focusing on Snowflake - Some believe the market situation will benefit wealthier investors over retail investors - Humor and disbelief are present in reactions to Snowflake insiders buying shares Stock tickers discussed: $SNOW
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