Looking At ServiceNow's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on ServiceNow (NYSE:NOW), with 80% of recent trades indicating bearish expectations. The targeted price range for ServiceNow over the last 3 months is $490.0 to $700.0. The current price of NOW is up 2.19% at $593.08, with RSI indicators suggesting the stock may be approaching overbought. The next earnings are expected in 9 days.
July 17, 2023 | 6:32 pm
News sentiment analysis
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ServiceNow (NYSE:NOW) has seen a bearish stance from a significant investor, with 80% of recent trades indicating bearish expectations. The stock may be approaching overbought, according to RSI indicators.
The bearish stance taken by a significant investor, coupled with the RSI indicators suggesting the stock may be overbought, could potentially lead to a decrease in the stock's price in the short term. The upcoming earnings release could also impact the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100