RTTNews | Aug 20, 2021 10:57AM EDT

10:56 Friday, August 20, 2021 (RTTNews.com) - California-based cloud-data processing company Snowflake Inc (SNOW), dropped 10% in the Friday market with no stock-specific news reported by the company.

Snowflake is set to report its second-quarter results on August 25. With the present demand for cloud operations, the company is expected to report a strong result.

The shares are currently trading at $253.21, down $26.24 or 9.39% from their previous close at $279.45 on Thursday. The shares opened in the morning at $268.03 and in the 52-week period, the shares have ranged between $184.71 and $429.00.

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