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 $326,511 were sold by Canney Jacqueline P on Oct 16 ’24. At $924.96 per share, Canney Jacqueline P sold 353 shares. The insider’s holdings dropped to 3,027 shares worth approximately $2.9 million following the completion of this transaction.
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Also, Canney Jacqueline P purchased 353 shares, netting a total of over 326,511 in proceeds.
Before that, Bedi Christopher had added 1,000 shares to its account. In a trade valued at $909,000, the Officer bought ServiceNow Inc shares for $909.00 each.
As published in a research note from Morgan Stanley on October 21, 2024, ServiceNow Inc [NOW] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $960 from $900. Analysts at BMO Capital Markets resumed the stock at ‘”an Outperform”‘ outlook in a report released in early October. As of October 08, 2024, UBS has reiterated its “Buy” rating for NOW. Earlier on July 08, 2024, Guggenheim downgraded its rating. Their new recommendation was “a Sell” for NOW stock which previously was a “a Neutral”.
Analyzing NOW Stock Performance
During the last five days, there has been a surge of approximately 4.30%. Over the course of the year, ServiceNow Inc shares have jumped approximately 35.40%. Shares of the company reached a 52-week high of $979.78 on 10/24/24 and a 52-week low of $637.99 on 05/31/24. A 50-day SMA is recorded $882.58, while a 200-day SMA reached $787.36. Nevertheless, trading volume fell to 3.39 million shares from 1.14 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 938.07, which, if violated, would cause prices to drop to 919.55. In the upper region, resistance lies at 977.44. The next price resistance is at 998.29. RSI (Relative Strength Index) is 64.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.21, which suggests the price will decrease in the coming days. Percent R is at 29.00%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
