IYW, SNPS, CDNS, SNOW: ETF Outflow Alert Wednesday, January 31, 11:34 AM ET, by Market News Video Staff Symbols mentioned in this story: IYW, SNPS, CDNS, SNOW Exchange traded funds (ETFs) trade just ...
Notable Tuesday Option Activity: SNOW, RMBS, FN Tuesday, February 6, 3:17 PM ET, by Market News Video Staff Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...
Noteworthy ETF Outflows: FDN, SNOW, WDAY, DDOG Monday, February 12, 11:13 AM ET, by Market News Video Staff Symbols mentioned in this story: FDN, SNOW, WDAY, DDOG Exchange traded funds (ETFs) trade just ...
Noteworthy Wednesday Option Activity: AVPT, SNOW, GPC Wednesday, February 14, 3:20 PM ET, by Market News Video Staff Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume ...
Top Buys by Top Brass: Chief Executive Officer Ramaswamy's $5M Bet on SNOW
By Market News Video Staff, Thursday, March 28, 10:05 AM ET
A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $5M by Sridhar Ramaswamy, Chief Executive Officer at Snowflake Inc (NYSE:SNOW).
Ramaswamy bets big on SNOW:
Purchased
Insider
Title
Shares
Price/Share
Value
03/25/2024
Sridhar Ramaswamy
Chief Executive Officer
31,542
$158.52
$5,000,037.84
Ramaswamy's average cost works out to $158.52/share. In trading on Thursday, bargain hunters could buy shares of Snowflake Inc (NYSE:SNOW) and achieve a cost basis lower than Ramaswamy, with shares changing hands as low as $157.70 per share. Shares of Snowflake Inc were changing hands at $162.48 at last check, trading up about 1.3% on Thursday. The chart below shows the one year performance of SNOW shares, versus its 200 day moving average:
Looking at the chart above, SNOW's low point in its 52 week range is $135.26 per share, with $237.72 as the 52 week high point — that compares with a last trade of $162.48.
This Article's Word Cloud:BetsBrassBuysChannelChiefDividendExecutiveInsiderInsidersLookingNYSENewsletterOfferOfficerPlacePremiumPresumablyPricePurchasedRamaswamyReceiveSNOWSharesSnowflakeSridharThursdayaveragebestbuyschangingchartcompanycosthandsinsiderlastmakemaybemdashpointsharesharesstocktakethattheirtheytradingweekwith
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