Snowflake (SNOW) Drops 10% After Hours, Erasing $12 Billion in Value
As seen on the 24/7 Wall St. homepage on October 16, 2026.
A 10.09% slide to $306.71 wipes roughly $12 billion off a $108 billion data cloud name in a single session. Double-digit down days are rare here, and the $341.13 open is now the level to reclaim.
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Snowflake slid roughly 10% into after-hours trading, erasing about $12 billion in market value before the next regular session begins.
Prices held in a tight range after the initial drop, with sellers dominating and buyers failing to step in, a sign the market is still digesting what triggered the decline.
For investors already holding the stock, the $341.13 open now sits as the immediate level to reclaim. Until the share price gets back above that mark, the day's move remains a net loss with no technical recovery to point to.
Thinner after-hours conditions amplify swings, but a decline of this scale is rarely noise. Regular-session trading will show whether it sticks or gets faded.
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Mentioned: SNOW