ServiceNow Inc’s recent filing unveils that its Chairman & CEO McDermott William R unloaded Company’s shares for reported $12.27 million on Nov 19 ’24. In the deal valued at $997.67 per share,12,296 shares were sold. As a result of this transaction, McDermott William R now holds 4,881 shares worth roughly $5.18 million.
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Then, McDermott William R sold 12,271 shares, generating $12,242,409 in total proceeds. Upon selling the shares at $997.67, the Chairman & CEO now owns 2,595 shares.
Before that, Smith Paul John sold 89 shares. ServiceNow Inc shares valued at $88,793 were divested by the Chief Commercial Officer at a price of $997.67 per share. As a result of the transaction, Smith Paul John now holds 2,842 shares, worth roughly $3.01 million.
Scotiabank initiated its ServiceNow Inc [NOW] rating to a Sector outperform in a research note published on November 19, 2024; the price target was $1230. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late October from “an Overweight” to “an Equal-weight”. BMO Capital Markets also remained covering NOW and reiterated its “an Outperform” recommendation on October 10, 2024. UBS maintained its rating on October 08, 2024. It rated NOW as “a Buy”.
Price Performance Review of NOW
On Friday, ServiceNow Inc [NYSE:NOW] saw its stock jump 1.29% to $1060.60. Over the last five days, the stock has gained 4.87%. ServiceNow Inc shares have risen nearly 50.12% since the year began. Nevertheless, the stocks have risen 58.38% over the past one year. While a 52-week high of $1061.66 was reached on 11/22/24, a 52-week low of $637.99 was recorded on 05/31/24. SMA at 50 days reached $948.40, while 200 days put it at $812.31.
Levels Of Support And Resistance For NOW Stock
The 24-hour chart illustrates a support level at 1,052.20, which if violated will result in even more drops to 1,043.81. On the upside, there is a resistance level at 1,066.79. A further resistance level may holdings at 1,072.99. The Relative Strength Index (RSI) on the 14-day chart is 70.22, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 20.12, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.75%. Stochastics %K at 84.86% 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 2024-10-31, dropping by -0.49 million shares to a total of 3.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.88 million shares. There was a decline of -14.46%, which implies that there is a negative sentiment for the stock.
