This Is What Whales Are Betting On ServiceNow
Portfolio Pulse from Benzinga Insights
A large bearish position on ServiceNow (NYSE:NOW) has been spotted, with 11 uncommon options trades identified. The overall sentiment of these big-money traders is split between 45% bullish and 54% bearish. Whales have been targeting a price range from $190.0 to $580.0 for ServiceNow over the last 3 months.
June 07, 2023 | 4:01 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
A large bearish position has been identified on ServiceNow (NYSE:NOW), with 11 uncommon options trades and a sentiment split between 45% bullish and 54% bearish. Whales have targeted a price range from $190.0 to $580.0 for ServiceNow over the last 3 months.
The large bearish position on ServiceNow indicates that big-money traders expect the stock price to decline in the short term. The sentiment split between 45% bullish and 54% bearish suggests that there is a higher probability of the stock price going down. Additionally, the targeted price range by whales over the last 3 months provides further evidence of potential downward pressure on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100