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 $2.1 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.
Guggenheim downgraded its ServiceNow Inc [NOW] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in late March with a ‘”an Overweight”‘ rating. Needham also remained covering NOW and reiterated its “Buy” recommendation on January 22, 2024. HSBC Securities started covering the stock on September 15, 2023. It rated NOW as “a Buy”.
Price Performance Review of NOW
On Monday, ServiceNow Inc [NYSE:NOW] saw its stock fall -4.28% to $735.81. Over the last five days, the stock has lost -6.34%. ServiceNow Inc shares have risen nearly 4.15% since the year began. Nevertheless, the stocks have risen 52.18% 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 $770.15, while 200 days put it at $656.99. A total of 1.17 million shares were traded, compared to the trading of 0.96 million shares in the previous session.
Levels Of Support And Resistance For NOW Stock
The 24-hour chart illustrates a support level at 723.64, which if violated will result in even more drops to 711.46. On the upside, there is a resistance level at 759.81. A further resistance level may holdings at 783.80. The Relative Strength Index (RSI) on the 14-day chart is 38.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.42%. Stochastics %K at 30.97% indicates the stock is a holding.
The most recent change occurred on June 14, 2023 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $660 price target.
