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Here's Why Snowflake Stock Is Making Gains Today

TheMotleyFool

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Here's Why Snowflake Stock Is Making Gains Today

Shares of Snowflake (NYSE: SNOW) are making gains in today's trading session. The data technology specialist's share price was up roughly 3.7% as of 2:30 p.m. EDT on Monday.

After suffering volatile dips in last week's trading, growth-dependent technology stocks enjoyed strong recovery momentum on Monday, and Snowflake's share price is also getting a boost thanks to favorable coverage from analysts. The tech-heavy Nasdaq Composite index is up roughly 1.6% on the day as of this writing.

Image source: Getty Images.

Source Fool.com

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