$SNOW
Added 2024-09-25 13:33:35 +0000 UTC$SNOW announced a $2 Billion public offering yesterday which was not great timing at its ATL level at $110 and a level that must hold.
They said that $400 million will be used to buy back some Class A shares which may save the price but it was a risky call.....which begs me to ask the question, why take such risk? or did they have no choice and needed to free up cash?
Not ideal either way.
That being said, let's see if they can consolidate above the $110 Blue line now for the next few months
Not a buy in this current position, would need to see strength and the start of an impulse wave to say there is value on the table here.
