After it fell 3.86% in a week, should it dump out ServiceNow Inc (NOW) stock?

Recently, the overall market sentiment for ServiceNow Inc (NOW) stock has been high.Get a bull rating from now Investor Observer Stock sentiment indicator.

What is stock sentiment?

Sentiment is a very short-term indicator, and it is completely technical. In our sentiment score, there is no information about the profitability of the underlying company.

As a technical indicator, news about stocks or companies (such as earnings releases or other events) may cause stocks to run counter to recent trends.

Price changes are usually the best indicator of sentiment in a particular stock. Essentially, the trend of a stock indicates whether the current market sentiment is bullish or bearish. If the stock goes up, the investor must be bullish, if the stock goes down, the investor must be bearish.

Investor ObserverThe sentiment indicator affects both price changes and volume changes. An increase in trading volume usually means that the current trend is strengthening, while a decline in trading volume often indicates that the ongoing trend has been reversed.

Our system also uses the option market in order to receive other signals about current sentiment. Since options allow investors to bet on future price changes, we considered the ratio of call options to put options.

What happened to today’s stock now?

As of 2:39 pm on Friday, October 30, ServiceNow Inc (NOW) stock has fallen -3.29%, while S&P 500 has risen 0.92%. NOW has fallen by $16.82 from its previous closing price of $511.01, with a trading volume of 1,026,676 shares. In the past year, the Standard & Poor’s 500 Index rose 8.34%, and now it is up 97.72%. In the past 12 months, NOW’s earnings per share were $3.66, and its price-to-earnings ratio was 134.38.

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More information about ServiceNow Inc

ServiceNow Inc provides software solutions to build and automate various business processes through the SaaS delivery model. The company mainly focuses on providing IT functions to corporate customers. ServiceNow started with IT Service Management (ITSM), expanded in IT functions, and recently introduced its workflow automation logic to functional areas outside of IT, especially customer service, HR service delivery and security operations. ServiceNow also provides an application development platform as a service (PaaS).

Click here for a complete stock score report on ServiceNow Inc (NOW) stock.