Why Snowflake Stock Gained 15% in August

Shares of Snowflake (NYSE: SNOW) were climbing last month after the cloud-based data warehousing company delivered a strong second-quarter earnings report. According to data from S&P Global Market Intelligence, the stock finished August up 15%.

As you can see from the chart below, it was an up-and-down month for Snowflake, but the earnings report late in the month helped the company finish August with double-digit gains.

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Source Fool.com