ServiceNow Inc’s recently made public that its Chairman & CEO McDermott William R unloaded Company’s shares for reported $6.85 million on Feb 13 ’25. In the deal valued at $980.65 per share,6,981 shares were sold. As a result of this transaction, McDermott William R now holds 2,595 shares worth roughly $ 2.56 million.
Then, Chamberlain Paul Edward sold 300 shares, generating $294,720 in total proceeds. Upon selling the shares at $982.40, the Director now owns 10,167 shares.
Before that, ELMER RUSSELL S sold 1,658 shares. ServiceNow Inc shares valued at $1,628,819 were divested by the General Counsel at a price of $982.40 per share. As a result of the transaction, ELMER RUSSELL S now holds 4,332 shares, worth roughly $4.27 million.
Cantor Fitzgerald initiated its ServiceNow Inc [NOW] rating to an Overweight in a research note published on January 17, 2025; the price target was $1332. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late December with a ‘”an Outperform”‘ rating. KeyBanc Capital Markets also remained covering NOW and has decreased its forecast on December 13, 2024 with a “Sector weight” recommendation from previously “an Overweight” rating. Scotiabank started covering the stock on November 19, 2024. It rated NOW as “a Sector outperform”.
Price Performance Review of NOW
On Friday, ServiceNow Inc [NYSE:NOW] saw its stock fall -0.29% to $986.63. Over the last five days, the stock has lost -2.15%. ServiceNow Inc shares have fallen nearly -6.93% since the year began. Nevertheless, the stocks have risen 27.51% over the past one year. While a 52-week high of $1198.09 was reached on 01/28/25, a 52-week low of $637.99 was recorded on 02/14/25. SMA at 50 days reached $1,073.53, while 200 days put it at $897.65.
Levels Of Support And Resistance For NOW Stock
The 24-hour chart illustrates a support level at 972.49, which if violated will result in even more drops to 958.34. On the upside, there is a resistance level at 994.89. A further resistance level may holdings at 1,003.14. The Relative Strength Index (RSI) on the 14-day chart is 37.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -44.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.35%. Stochastics %K at 6.03% 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 2025-01-31, dropping by -0.38 million shares to a total of 3.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 3.61 million shares. There was a decline of -11.63%, which implies that there is a negative sentiment for the stock.
