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 $463,390 were sold by Smith Paul John on May 20 ’24. At $769.75 per share, Smith Paul John sold 602 shares. The insider’s holdings dropped to 3,619 shares worth approximately $2.74 million following the completion of this transaction.
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Also, Chamberlain Paul Edward sold 135 shares, netting a total of over 98,550 in proceeds. Following the sale of shares at $730.00 each, the insider now holds 10,474 shares.
Before that, Smith Paul John had sold 125 shares from its account. In a trade valued at $90,923, the Chief Commercial Officer traded ServiceNow Inc shares for $727.38 each. Upon closing the transaction, the insider’s holdings decreased to 125 shares, worth approximately $2.36 million.
As published in a research note from BMO Capital Markets on April 25, 2024, ServiceNow Inc [NOW] has been retained to an Outperform and the price target has been revised to $830. Analysts at Guggenheim downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid April. As of March 21, 2024, KeyBanc Capital Markets has initiated its “an Overweight” rating for NOW. Earlier on January 22, 2024, Needham resumed its rating. Their recommendation was “a Buy” for NOW stock.
Analyzing NOW Stock Performance
During the last five days, there has been a surge of approximately 0.02%. Over the course of the year, ServiceNow Inc shares have jumped approximately 7.31%. 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 $747.63, while a 200-day SMA reached $679.72. Nevertheless, trading volume fell to 0.85 million shares from 0.85 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 748.89, which, if violated, would cause prices to drop to 739.64. In the upper region, resistance lies at 774.54. The next price resistance is at 790.94. RSI (Relative Strength Index) is 55.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 23.73, which suggests the price will increase in the coming days. Percent R is at 30.88%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
