Motley Fool
Why Snowflake Plunged Today
Snowflake was maintained at a buy rating by an analyst on Thursday, but that analyst also lowered his price target. Additionally, Thursday marked a big stock market options expiration day, which are often volatile days that see traders trying to push stocks around. It’s hard to pinpoint an exact reason; retail sales actually came in slightly lower than expected and jobless claims came in slightly higher than expected today (though still at historically low levels), which are signs of a slight cooling in the economy.
