Snowflake's (NYSE: SNOW) recently announced acquisition of Mobilize.Net's SnowConvert software platform is a great example. While all the details of the acquisition are not yet available and the news hasn't caught much attention, this is a move that should excite Snowflake's current and future investors. Snowflake's data cloud allows enterprises to assemble and analyze vast amounts of disparate data into a single unified data repository.
Snowflake Inc. (SNOW) closed the most recent trading day at $144.44, moving -0.93% from the previous trading session.
The gut-wrenching roller-coaster ride that began last year continued for investors today, with a broad cross-section of stocks losing ground. The economy was a big question mark going into earnings season, and investors have been waiting to see if technology companies would be resilient or feel the further effects of the bear market. The weak results of one tech titan seemed to provide a clue, and investors headed for the exits.