Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. ServiceNow Inc shares valued at $1,994,891 were sold by Smith Paul John on Feb 27 ’24. At $767.27 per share, Smith Paul John sold 2,600 shares. The insider’s holdings dropped to 2,853 shares worth approximately $2.09 million following the completion of this transaction.
Also, Bedi Christopher sold 3,200 shares, netting a total of over 2,516,221 in proceeds. Following the sale of shares at $786.32 each, the insider now holds 15,463 shares.
Before that, McDermott William R had sold 30,489 shares from its account. In a trade valued at $22,766,707, the Chairman & CEO traded ServiceNow Inc shares for $746.72 each. Upon closing the transaction, the insider’s holdings decreased to 30,489 shares, worth approximately $0.0.
As published in a research note from Guggenheim on April 15, 2024, ServiceNow Inc [NOW] has been rated down from a Buy to a Neutral. Analysts at KeyBanc Capital Markets started covering the stock with ‘”an Overweight”‘ outlook in a report released in late March. As of January 22, 2024, Needham has reiterated its “Buy” rating for NOW. Earlier on September 15, 2023, HSBC Securities initiated its rating. Their recommendation was “a Buy” for NOW stock.
Analyzing NOW Stock Performance
During the last five days, there has been a drop of approximately -5.18%. Over the course of the year, ServiceNow Inc shares have jumped approximately 3.52%. Shares of the company reached a 52-week high of $815.32 on 02/09/24 and a 52-week low of $671.22 on 01/04/24. A 50-day SMA is recorded $767.53, while a 200-day SMA reached $659.69. Nevertheless, trading volume fell to 0.79 million shares from 1.09 million shares the previous day.
Support And Resistance Levels for ServiceNow Inc (NOW)
According to the 24-hour chart, there is a support level at 725.84, which, if violated, would cause prices to drop to 720.33. In the upper region, resistance lies at 738.38. The next price resistance is at 745.41. RSI (Relative Strength Index) is 38.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -23.26, which suggests the price will decrease in the coming days. Percent R is at 94.11%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
