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Snowflake Shares Slide Despite Earnings Beat, Falling Below 2020 IPO Price

Snowflake Shares Slide Despite Earnings Beat, Falling Below 2020 IPO Price
Analyst Bio:

Snowflake shares are trading sharply lower late Wednesday, on apparent investor disappointment with the financial outlook provided by the cloud-based data warehousing company.

With the late afternoon slide, Snowflake shares have fallen below their $120 September 2020 IPO price. The stock peaked above the $400 level last fall.

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