Snowflake SNOW Touches $282.90, Nearly Erasing Its Brutal Mid-Year Plunge
As seen on the 24/7 Wall St. homepage on July 29, 2026.
Snowflake hits $282.90, nearly matching its June peak as the cloud data platform rebounds from a brutal mid-year plunge that cut the stock nearly in half.
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Snowflake's stock reached $282.90 on July 29, 2026, putting it within a hair of the June 2026 peak it set just weeks before a severe selloff began. At the trough of that decline, SNOW had shed nearly half its value — a punishing drop for a high-multiple cloud data platform — before buyers stepped back in and steadily pushed shares higher.
The recovery has been gradual rather than a single-day snap-back. Chart data shows the stock grinding from lows around $141 before a sharp leg higher, with a particularly notable surge that carried it from the $175 range to above $241 in a short stretch. That momentum carried through into late July, closing the gap to the prior extreme to less than 1 percent.
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For investors, the key question now is whether $282.90 marks a breakout to new all-time highs for this cycle or a double-top that invites another round of selling. The June peak sits as the clear line in the sand: a sustained close above it would signal the mid-year damage has been fully repaired.
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Mentioned: SNOW