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 $909,000 were purchased by Bedi Christopher on Sep 19 ’24. At $909.00 per share, Bedi Christopher acquired 1,000 shares.
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Also, Desai Chirantan Jitendra purchased 10,000 shares, netting a total of over 8,929,280 in proceeds.
Before that, Bedi Christopher had added 1,343 shares to its account. In a trade valued at $1,141,550, the Officer bought ServiceNow Inc shares for $850.00 each.
As published in a research note from BMO Capital Markets on October 10, 2024, ServiceNow Inc [NOW] has been retained to an Outperform and the price target has been revised to $1025. Analysts at UBS resumed the stock at ‘”a Buy”‘ outlook in a report released in early October. As of July 08, 2024, Guggenheim has decreased its “Neutral” rating to a “Sell” for NOW. Earlier on April 25, 2024, BMO Capital Markets resumed its rating. Their recommendation was “an Outperform” for NOW stock.
Analyzing NOW Stock Performance
During the last five days, there has been a surge of approximately 6.06%. Over the course of the year, ServiceNow Inc shares have jumped approximately 33.71%. Shares of the company reached a 52-week high of $949.00 on 10/10/24 and a 52-week low of $637.99 on 05/31/24. A 50-day SMA is recorded $857.28, while a 200-day SMA reached $775.61. Nevertheless, trading volume fell to 1.11 million shares from 1.13 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 935.37, which, if violated, would cause prices to drop to 926.12. In the upper region, resistance lies at 951.44. The next price resistance is at 958.26. RSI (Relative Strength Index) is 65.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 30.28, which suggests the price will increase in the coming days. Percent R is at 5.10%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
