Snowflake Hits 52-Week High—Options Traders Bet on Further Rally

  • Even though shares of Snowflake Inc. NYSE: SNOW now trade at a new 52-week high, some market participants have recently come in to suggest that even higher prices are to be expected in this stock moving forward. As investors will discover, a very contrarian signal is currently unfolding in Snowflake stock, signaling a potential new rally in the coming months.