Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ServiceNow Inc shares valued at $314,385 were sold by Chamberlain Paul Edward on Nov 29 ’24. At $1047.95 per share, Chamberlain Paul Edward sold 300 shares. The insider’s holdings dropped to 10,467 shares worth approximately $11.76 million following the completion of this transaction.
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Also, PAUL EDWARD CHAMBERLAIN purchased 600 shares, netting a total of over 624,840 in proceeds.
Before that, Tzitzon Nicholas had sold 313 shares from its account. In a trade valued at $333,220, the Chief Strat & Corp Affairs Ofc traded ServiceNow Inc shares for $1064.60 each. Upon closing the transaction, the insider’s holdings decreased to 313 shares, worth approximately $4.1 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 surge of approximately 7.90%. Over the course of the year, ServiceNow Inc shares have jumped approximately 59.06%. Shares of the company reached a 52-week high of $1,130.60 on 12/05/24 and a 52-week low of $637.99 on 05/31/24. A 50-day SMA is recorded $974.44, while a 200-day SMA reached $824.08. Nevertheless, trading volume fell to 1.06 million shares from 1.93 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 1,114.35, which, if violated, would cause prices to drop to 1,104.99. In the upper region, resistance lies at 1,131.84. The next price resistance is at 1,139.97. RSI (Relative Strength Index) is 73.95 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 48.84, which suggests the price will increase in the coming days. Percent R is at 5.02%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
