Snowflake (NASDAQ:SNOW) has been in the cloud industry “penalty box” since former CEO Frank Slootman retired suddenly at the end of February.Snowflake is a cloud data warehouse that competes with Cloud Giants like Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT), as well as privately held competitors including Databricks, Motherduck and Clickhouse.Its fall has been precipitous. Snowflake stock sold at $230 per share before Slootman’s announcement. It will open July 15 at about$136. It is still no bargain. ...