Looking At ServiceNow's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on ServiceNow (NYSE:NOW) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 27% bullish and 72% bearish. The whales have been targeting a price range from $480.0 to $820.0 for ServiceNow over the last 3 months. Needham has downgraded its action to Buy with a price target of $660.
July 10, 2023 | 6:31 pm
News sentiment analysis
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ServiceNow has seen unusual options activity indicating a bearish stance. The sentiment among big-money traders is 72% bearish.
The unusual options activity and the bearish sentiment among big-money traders indicate a potential downward pressure on ServiceNow's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100