Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ServiceNow Inc shares valued at $150,500 were sold by Bedi Christopher on Jun 05 ’24. At $700.00 per share, Bedi Christopher sold 215 shares. The insider’s holdings dropped to 15,892 shares worth approximately $12.3 million following the completion of this transaction.
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Also, McBride Kevin Thomas sold 100 shares, netting a total of over 65,980 in proceeds. Following the sale of shares at $659.80 each, the insider now holds 2,804 shares.
Before that, Tzitzon Nicholas had sold 2,000 shares from its account. In a trade valued at $1,381,980, the Chief Strat & Corp Affairs Ofc traded ServiceNow Inc shares for $690.99 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $2.82 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 5.42%. Over the course of the year, ServiceNow Inc shares have jumped approximately 9.57%. 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 $725.04, while a 200-day SMA reached $696.43. Nevertheless, trading volume fell to 1.17 million shares from 1.04 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 760.53, which, if violated, would cause prices to drop to 746.94. In the upper region, resistance lies at 783.86. The next price resistance is at 793.60. RSI (Relative Strength Index) is 64.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 29.41, which suggests the price will increase in the coming days. Percent R is at 6.42%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
