KD Logo

The Potential Rise in the Price of ServiceNow Inc (NOW) following insiders activity

ServiceNow Inc’s recently made public that its Officer Bedi Christopher acquired Company’s shares for reported $0.91 million on Sep 19 ’24. In the deal valued at $909.00 per share,1,000 shares were bought.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Then, Desai Chirantan Jitendra bought 10,000 shares, generating $8,929,280 in total proceeds.

Before that, Bedi Christopher bought 1,343 shares. ServiceNow Inc shares valued at $1,141,550 were divested by the Officer at a price of $850.00 per share.

BMO Capital Markets reiterated its ServiceNow Inc [NOW] rating to an Outperform in a research note published on October 10, 2024; the price target was $1025. A number of analysts have revised their coverage, including UBS’s analysts, who remained covering the stock and in early October has reiterated a ‘”a Buy”‘ rating for it. Guggenheim also remained covering NOW and has decreased its forecast on July 08, 2024 with a “Sell” recommendation from previously “Neutral” rating. BMO Capital Markets maintained its rating on April 25, 2024. It rated NOW as “an Outperform”.

Price Performance Review of NOW

On Monday, ServiceNow Inc [NYSE:NOW] saw its stock jump 0.65% to $944.69. Over the last five days, the stock has gained 4.28%. ServiceNow Inc shares have risen nearly 33.72% since the year began. Nevertheless, the stocks have risen 68.65% over the past one year. While a 52-week high of $949.00 was reached on 10/14/24, a 52-week low of $527.24 was recorded on 05/31/24. SMA at 50 days reached $862.90, while 200 days put it at $778.00.

Levels Of Support And Resistance For NOW Stock

The 24-hour chart illustrates a support level at 937.20, which if violated will result in even more drops to 929.71. On the upside, there is a resistance level at 950.89. A further resistance level may holdings at 957.08. The Relative Strength Index (RSI) on the 14-day chart is 64.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 35.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.68%. Stochastics %K at 92.36% indicates the stock is a selling.

How much short interest is there in ServiceNow Inc?

A steep rise in short interest was recorded in ServiceNow Inc stocks on 2024-09-30, growing by 0.79 million shares to a total of 3.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.09 million shares. There was a rise of 20.34%, which implies that there is a positive sentiment for the stock.

Most Popular