Check Out What Whales Are Doing With NOW
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on ServiceNow (NYSE:NOW), with 55% of investors opening trades with bearish expectations. The whales have been targeting a price range from $450.0 to $660.0 for ServiceNow over the last 3 months. The price of NOW is up 1.21% at $599.52, with RSI indicators suggesting the stock may be approaching overbought. The next earnings are expected to be released in 8 days.
July 18, 2023 | 6:15 pm
News sentiment analysis
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ServiceNow (NYSE:NOW) has seen a bearish stance from a significant investor, with a target price range of $450-$660. The stock is up 1.21% at $599.52 and may be approaching overbought. Earnings are due in 8 days.
The bearish stance from a significant investor, along with the fact that 55% of investors are opening trades with bearish expectations, suggests a potential downward pressure on the stock price. The stock is currently up and may be approaching overbought, which could lead to a price correction. The upcoming earnings release could also impact the stock price depending on the results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100