Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. ServiceNow Inc shares valued at $234,384 were purchased by Bedi Christopher on Nov 20 ’24. At $1028.00 per share, Bedi Christopher acquired 228 shares.
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Also, ELMER RUSSELL S sold 1,867 shares, netting a total of over 1,911,752 in proceeds. Following the sale of shares at $1023.97 each, the insider now holds 6,843 shares.
Before that, ELMER RUSSELL S had sold 81 shares from its account. In a trade valued at $82,340, the General Counsel traded ServiceNow Inc shares for $1016.54 each. Upon closing the transaction, the insider’s holdings decreased to 81 shares, worth approximately $7.0 million.
As published in their initiating research note from Scotiabank on November 19, 2024, ServiceNow Inc [NOW] has been a Sector outperform and the price target has been revised to $1230. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in late October. As of October 10, 2024, BMO Capital Markets has reiterated its “an Outperform” rating for NOW. Earlier on October 08, 2024, UBS resumed its rating. Their recommendation was “a Buy” for NOW stock.
Analyzing NOW Stock Performance
During the last five days, there has been a drop of approximately -2.16%. Over the course of the year, ServiceNow Inc shares have jumped approximately 44.80%. Shares of the company reached a 52-week high of $1,061.66 on 11/13/24 and a 52-week low of $637.99 on 05/31/24. A 50-day SMA is recorded $941.55, while a 200-day SMA reached $809.72. Nevertheless, trading volume fell to 1.11 million shares from 1.83 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 1,008.96, which, if violated, would cause prices to drop to 994.95. In the upper region, resistance lies at 1,034.34. The next price resistance is at 1,045.71. RSI (Relative Strength Index) is 63.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.35, which suggests the price will increase in the coming days. Percent R is at 29.50%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
