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ServiceNow Inc (NOW) may enjoy gains as insiders got busy in the recent days

ServiceNow Inc’s recently made public that its Director Chamberlain Paul Edward unloaded Company’s shares for reported $0.31 million on Nov 29 ’24. In the deal valued at $1047.95 per share,300 shares were sold. As a result of this transaction, Chamberlain Paul Edward now holds 10,467 shares worth roughly $11.73 million.

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Then, PAUL EDWARD CHAMBERLAIN bought 600 shares, generating $624,840 in total proceeds.

Before that, Tzitzon Nicholas sold 313 shares. ServiceNow Inc shares valued at $333,220 were divested by the Chief Strat & Corp Affairs Ofc at a price of $1064.60 per share. As a result of the transaction, Tzitzon Nicholas now holds 3,649 shares, worth roughly $4.09 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 Monday, ServiceNow Inc [NYSE:NOW] saw its stock fall -0.34% to $1120.48. Over the last five days, the stock has gained 6.87%. ServiceNow Inc shares have risen nearly 58.60% since the year began. Nevertheless, the stocks have risen 62.94% over the past one year. While a 52-week high of $1137.00 was reached on 12/06/24, a 52-week low of $637.99 was recorded on 05/31/24. SMA at 50 days reached $984.00, while 200 days put it at $827.60.

Levels Of Support And Resistance For NOW Stock

The 24-hour chart illustrates a support level at 1,106.12, which if violated will result in even more drops to 1,091.76. On the upside, there is a resistance level at 1,134.43. A further resistance level may holdings at 1,148.38. The Relative Strength Index (RSI) on the 14-day chart is 72.52, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 54.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.51%. Stochastics %K at 91.55% 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 2024-11-15, dropping by -0.29 million shares to a total of 3.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.53 million shares. There was a decline of -9.05%, which implies that there is a negative sentiment for the stock.

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