A recent filing by ServiceNow Inc. revealed. whose General Counsel ELMER RUSSELL S issued Company shares for a reported $0.37 million on August 18. In a deal valued at $486.36 per share, 758 shares were sold. As a result of this transaction, ELMER RUSSELL S now holds 9,293 shares worth approximately $4.27 million.
3 Small Stocks That Blow UpThe world’s greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys valuable assets when they are very cheap. For stock market investors, that means buying cheap small-cap stocks like these that have huge upside potential.
We’ve set up an alert service to help smart investors take full advantage of small stocks poised for big profits.
Click here for full details and to join for free.
Sponsored
Later, Smith Paul John sold 411 shares, generating $198,493 in total proceeds. Selling the shares at $482.95, the Chief Commercial Officer now owns 2,467 shares.
Before that, Smith Paul John sold 130 shares. Shares of ServiceNow Inc. worth $65,366 was removed by the Chief Commercial Officer at a price of $502.81 per share. As a result of the transaction, Smith Paul John now holds 2,157 shares, valued at approximately $0.99 million.
Guggenheim started ServiceNow Inc. [NOW] rating to Neutral in a research note published on Monday, August 12, 2022; the price target is $510. PT values the company’s stock at a premium of 9.86 to its Monday closing price. Several analysts have revised their coverage, including Bernstein’s analysts, who began covering the stock in mid-July with a rating of ‘”an Outperform”. Wells Fargo started coverage of NOW with an “Overweight” recommendation on May 18, 2022. Exane BNP Paribas revised its rating on March 29, 2022. It rated NOW as “an Underperform” previously a “a Neutral”.
NOW’s Price Performance Analysis
On Monday, ServiceNow Inc. [NYSE:NOW] saw its stock fall -3.47% to $459.71. During the same session, the stock had an intraday low of $455.77, but rose to a high of $469.24. Over the past five days, the stock has lost -8.80%. Shares of ServiceNow Inc. has fallen by almost -29.18% since the year began. However, stocks have fallen -23.45% over the past one year. While the 52-week high of $707.60 was reached on 01/03/22, the 52-week low of $406.47 was recorded on 05/12/22. The 50 day SMA touched $467.88, while the 200 day placed it at $536.64. A total of 1.02 million shares were traded, compared to the trading of 0.98 million shares in the previous session.
Support And Resistance Levels In NOW Stock
The 24-hour chart depicts a support level at 453.91, which if breached would result in more declines at 448.10. On the upside, there is a resistance level at 467.38. An additional level of resistance may hold at 475.04. The Relative Strength Index (RSI) on the 14-day chart is 43.91, indicating a neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) is at -16.17, suggesting that the price will decline in the next period of trade. The R percentage indicates that the price movement has been bearish at 94.01%. Stochastics %K at 37.21% indicates that the stock is a hold.
How much is the short interest on ServiceNow Inc.?
A strong increase in short interest was recorded in ServiceNow Inc stocks. on Jul 14, 2022, which decreased by -0.31 million shares to a total of 4.0 million shares. Yahoo Finance data shows that prior month short interest as of June 14, 2022 was 4.31 million shares. There was a decrease of -7.75%, indicating that there is a negative sentiment for the stock. Despite short shares comprising only 2.00% of the total stock float, the days-to-cover ratio (short ratio) fell to 2.11.
ServiceNow Inc. [NOW] – Who are the Largest Shareholders?
In filings from The Vanguard Group, Inc., it was revealed that the company now owns 15,723,059 shares, or approximately 7.84% of the outstanding NOW shares. In other words, investor shares increased by 235,927 from its previous 13-F filing of 15487132.0. Additionally, T. Rowe Price Associates, Inc. decreased -1.40% of its stake after which the total value it holds stands at $6,261,225,387, while BlackRock Fund Advisors added 1.01% of its stake to hold $4.27 billion in the firm. In the last quarter, SSgA Funds Management, Inc. sold -78,723 shares of ServiceNow Inc., while Capital Research & Management Co sold 222,292 shares. Currently, Morgan Stanley Investment Managem holds 4,667,228 shares worth $2.08 billion. Edgewood Management LLC owned 4,122,588 shares of the company’s stock as of its most recent 13F filing, worth $1.84 billion.
According to FactSet, the share price of ServiceNow Inc. will average $560.47 next year, based on opinions of analysts polled by the firm. This is up nearly 15.48 percent from the previous closing price of $476.26. Analysts expect ServiceNow Inc. stock to reach The highest price is $752.00, while the lowest price estimate is $495.00. However, 34 analysts rate NOW stock a Buy in their 2022 forecasts.