Snowflake (SNOW) is a cloud-based data warehousing company that provides a platform for data storage, processing, and analytics. Their innovative technology allows businesses to efficiently manage and analyze large volumes of data, enabling data-driven decision-making and insights.
Unfortunately, the stock of Snowflake has recently broken to new relative lows. This means that the stock price has fallen below previous support levels, indicating a bearish trend. The break to new lows suggests that selling pressure has intensified, potentially leading to further downside movement.
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