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Taking a Closer Look At ServiceNow Inc (NOW) Following Its Recent Trade

In a filing, ServiceNow Inc revealed its Chief Commercial Officer Smith Paul John unloaded Company’s shares for reported $0.14 million on May 08 ’24. In the deal valued at $718.78 per share,190 shares were sold. As a result of this transaction, Smith Paul John now holds 3,010 shares worth roughly $2.2 million.

Then, Smith Paul John sold 2,600 shares, generating $1,994,891 in total proceeds. Upon selling the shares at $767.27, the Chief Commercial Officer now owns 2,853 shares.

Before that, Bedi Christopher sold 3,200 shares. ServiceNow Inc shares valued at $2,516,221 were divested by the Chief Digital Information Ofc at a price of $786.32 per share. As a result of the transaction, Bedi Christopher now holds 15,463 shares, worth roughly $11.29 million.

BMO Capital Markets reiterated its ServiceNow Inc [NOW] rating to an Outperform in a research note published on April 25, 2024; the price target was $830. A number of analysts have revised their coverage, including Guggenheim’s analysts, who decreased its forecast for the stock in mid April from “a Buy” to “a Neutral”. KeyBanc Capital Markets began covering NOW with “an Overweight” recommendation on March 21, 2024. Needham maintained its rating on January 22, 2024. It rated NOW as “a Buy”.

Price Performance Review of NOW

On Monday, ServiceNow Inc [NYSE:NOW] saw its stock jump 0.05% to $730.12. Over the last five days, the stock has gained 0.49%. ServiceNow Inc shares have risen nearly 3.34% since the year began. Nevertheless, the stocks have risen 61.33% over the past one year. While a 52-week high of $815.32 was reached on 02/09/24, a 52-week low of $446.65 was recorded on 01/04/24. SMA at 50 days reached $748.04, while 200 days put it at $671.92. A total of 0.87 million shares were traded, compared to the trading of 0.82 million shares in the previous session.

Levels Of Support And Resistance For NOW Stock

The 24-hour chart illustrates a support level at 724.43, which if violated will result in even more drops to 718.74. On the upside, there is a resistance level at 734.33. A further resistance level may holdings at 738.54. The Relative Strength Index (RSI) on the 14-day chart is 49.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.31, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 36.98%. Stochastics %K at 59.61% indicates the stock is a holding.

The most recent change occurred on September 15, 2023 when HSBC Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $704 price target.

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