ServiceNow Inc’s recent filing unveils 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 $11.24 million.
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 $3.92 million.
Raymond James initiated its ServiceNow Inc [NOW] rating to an Outperform in a research note published on December 24, 2024; the price target was $1200. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in mid December from “an Overweight” to “a Sector weight”. Scotiabank began covering NOW with “Sector outperform” recommendation on November 19, 2024. Morgan Stanley revised its rating on October 21, 2024. It rated NOW as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of NOW
On Friday, ServiceNow Inc [NYSE:NOW] saw its stock jump 1.84% to $1073.77. Over the last five days, the stock has lost -2.31%. ServiceNow Inc shares have risen nearly 1.29% since the year began. Nevertheless, the stocks have risen 59.01% over the past one year. While a 52-week high of $1157.90 was reached on 01/03/25, a 52-week low of $637.99 was recorded on 01/02/25. SMA at 50 days reached $1,045.60, while 200 days put it at $855.87.
Levels Of Support And Resistance For NOW Stock
The 24-hour chart illustrates a support level at 1,062.28, which if violated will result in even more drops to 1,050.79. On the upside, there is a resistance level at 1,079.70. A further resistance level may holdings at 1,085.63. The Relative Strength Index (RSI) on the 14-day chart is 49.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -24.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.48%. Stochastics %K at 17.04% indicates the stock is a buying.
How much short interest is there in ServiceNow Inc?
A steep rise in short interest was recorded in ServiceNow Inc stocks on 2024-12-13, growing by 0.36 million shares to a total of 3.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 3.24 million shares. There was a rise of 9.94%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 10, 2024 when BMO Capital Markets resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $1025.
