The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. ServiceNow Inc shares valued at $65,980 were sold by McBride Kevin Thomas on Jun 03 ’24. At $659.80 per share, McBride Kevin Thomas sold 100 shares. The insider’s holdings dropped to 2,804 shares worth approximately $1.97 million following the completion of this transaction.
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Also, Tzitzon Nicholas sold 2,000 shares, netting a total of over 1,381,980 in proceeds. Following the sale of shares at $690.99 each, the insider now holds 3,649 shares.
Before that, Mastantuono Gina had sold 1,800 shares from its account. In a trade valued at $1,329,984, the Chief Financial Officer traded ServiceNow Inc shares for $738.88 each. Upon closing the transaction, the insider’s holdings decreased to 1,800 shares, worth approximately $9.34 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 9.31%. Over the course of the year, ServiceNow Inc shares have dropped approximately -0.47%. Shares of the company reached a 52-week high of $815.32 on 02/09/24 and a 52-week low of $637.99 on 05/31/24. A 50-day SMA is recorded $734.30, while a 200-day SMA reached $686.02. Nevertheless, trading volume fell to 1.41 million shares from 2.49 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 697.81, which, if violated, would cause prices to drop to 692.45. In the upper region, resistance lies at 710.44. The next price resistance is at 717.71. RSI (Relative Strength Index) is 45.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -27.15, which suggests the price will decrease in the coming days. Percent R is at 55.47%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
