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Here's Why Snowflake Stock Dropped Nearly 12% Last Month

TheMotleyFool

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Here's Why Snowflake Stock Dropped Nearly 12% Last Month: https://g.foolcdn.com/editorial/images/746600/frustrated-investor-rubs-head-looks-at-computer.jpg

Shares of data analytics platform Snowflake (NYSE: SNOW) dropped 11.7% in August, according to data provided by S&P Global Market Intelligence. During the month, investors were reminded of just how quickly the company's growth was decelerating, and that's a problem for a stock with sky-high expectations.