The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. ServiceNow Inc shares valued at $418,073 were sold by Quinlan Larry on Feb 04 ’25. At $1007.41 per share, Quinlan Larry sold 415 shares. The insider’s holdings dropped to 1,737 shares worth approximately $1.78 million following the completion of this transaction.
Also, ELMER RUSSELL S sold 2,511 shares, netting a total of over 2,541,358 in proceeds. Following the sale of shares at $1012.09 each, the insider now holds 4,332 shares.
Before that, Quinlan Larry had added 830 shares to its account. In a trade valued at $863,125, the Director bought ServiceNow Inc shares for $1039.91 each.
As published in their initiating research note from Cantor Fitzgerald on January 17, 2025, ServiceNow Inc [NOW] has been an Overweight and the price target has been revised to $1332. Analysts at Raymond James started covering the stock with ‘”an Outperform”‘ outlook in a report released in late December. As of December 13, 2024, KeyBanc Capital Markets has decreased its “an Overweight” rating to a “Sector weight” for NOW. Earlier on November 19, 2024, Scotiabank initiated its rating. Their recommendation was “a Sector outperform” for NOW stock.
Analyzing NOW Stock Performance
During the last five days, there has been a drop of approximately -10.19%. Over the course of the year, ServiceNow Inc shares have dropped approximately -3.12%. Shares of the company reached a 52-week high of $1,198.09 on 01/28/25 and a 52-week low of $990.00 on 01/30/25. A 50-day SMA is recorded $1,080.50, while a 200-day SMA reached $887.96. Nevertheless, trading volume fell to 1.34 million shares from 1.92 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 1,016.48, which, if violated, would cause prices to drop to 1,005.89. In the upper region, resistance lies at 1,033.25. The next price resistance is at 1,039.43. RSI (Relative Strength Index) is 42.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -63.03, which suggests the price will decrease in the coming days. Percent R is at 82.19%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
