ServiceNow Inc’s recently made public that its Chief Commercial Officer Smith Paul John unloaded Company’s shares for reported $1.99 million on Feb 27 ’24. In the deal valued at $767.27 per share,2,600 shares were sold. As a result of this transaction, Smith Paul John now holds 2,853 shares worth roughly $2.24 million.
Then, Bedi Christopher sold 3,200 shares, generating $2,516,221 in total proceeds. Upon selling the shares at $786.32, the Chief Digital Information Ofc now owns 15,463 shares.
Before that, McDermott William R sold 30,489 shares. ServiceNow Inc shares valued at $22,766,707 were divested by the Chairman & CEO at a price of $746.72 per share. As a result of the transaction, McDermott William R now holds 0 shares, worth roughly $0.0.
KeyBanc Capital Markets initiated its ServiceNow Inc [NOW] rating to an Overweight in a research note published on March 21, 2024; the price target was $1000. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in late January has reiterated a ‘”a Buy”‘ rating for it. HSBC Securities began covering NOW with “Buy” recommendation on September 15, 2023. Needham started covering the stock on June 14, 2023. It rated NOW as “a Buy”.
Price Performance Review of NOW
On Monday, ServiceNow Inc [NYSE:NOW] saw its stock jump 0.27% to $785.60. Over the last five days, the stock has gained 2.24%. ServiceNow Inc shares have risen nearly 11.20% since the year began. Nevertheless, the stocks have risen 68.10% over the past one year. While a 52-week high of $815.32 was reached on 02/09/24, a 52-week low of $427.68 was recorded on 01/04/24. SMA at 50 days reached $771.18, while 200 days put it at $651.45. A total of 1.0 million shares were traded, compared to the trading of 0.56 million shares in the previous session.
Levels Of Support And Resistance For NOW Stock
The 24-hour chart illustrates a support level at 775.34, which if violated will result in even more drops to 765.09. On the upside, there is a resistance level at 792.92. A further resistance level may holdings at 800.25. The Relative Strength Index (RSI) on the 14-day chart is 57.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.80%. Stochastics %K at 70.32% indicates the stock is a holding.
How much short interest is there in ServiceNow Inc?
A steep rise in short interest was recorded in ServiceNow Inc stocks on Mar 15, 2024, dropping by 10000.0 shares to a total of 3.24 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.25 million shares. There was a decline of -0.31%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.59% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.42.
