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An Analysis of ServiceNow Inc (NOW)’s Potential Price Growth

ServiceNow Inc’s recently made public that its Chief Financial Officer Mastantuono Gina unloaded Company’s shares for reported $1.49 million on Jul 25 ’24. In the deal valued at $825.00 per share,1,800 shares were sold. As a result of this transaction, Mastantuono Gina now holds 11,490 shares worth roughly $9.18 million.

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Then, Bedi Christopher sold 215 shares, generating $150,500 in total proceeds. Upon selling the shares at $700.00, the Chief Digital Information Ofc now owns 15,892 shares.

Before that, McBride Kevin Thomas sold 100 shares. ServiceNow Inc shares valued at $65,980 were divested by the Principal Accounting Officer at a price of $659.80 per share. As a result of the transaction, McBride Kevin Thomas now holds 2,804 shares, worth roughly $2.24 million.

Guggenheim downgraded its ServiceNow Inc [NOW] rating to a Sell from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who remained covering the stock and in late April has reiterated a ‘”an Outperform”‘ rating for it. Guggenheim also remained covering NOW and has decreased its forecast on April 15, 2024 with a “Neutral” recommendation from previously “Buy” rating. KeyBanc Capital Markets started covering the stock on March 21, 2024. It rated NOW as “an Overweight”.

Price Performance Review of NOW

On Monday, ServiceNow Inc [NYSE:NOW] saw its stock fall -3.45% to $799.06. Over the last five days, the stock has gained 5.63%. ServiceNow Inc shares have risen nearly 13.10% since the year began. Nevertheless, the stocks have risen 42.72% over the past one year. While a 52-week high of $850.33 was reached on 07/25/24, a 52-week low of $527.24 was recorded on 05/31/24. SMA at 50 days reached $745.38, while 200 days put it at $718.30. A total of 1.98 million shares were traded, compared to the trading of 2.41 million shares in the previous session.

Levels Of Support And Resistance For NOW Stock

The 24-hour chart illustrates a support level at 788.24, which if violated will result in even more drops to 777.42. On the upside, there is a resistance level at 820.19. A further resistance level may holdings at 841.32. The Relative Strength Index (RSI) on the 14-day chart is 57.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 53.21, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 42.34%. Stochastics%K at 73.70% indicates the stock is a holding.

The most recent change occurred on January 22, 2024 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $900.

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