ServiceNow Unusual Options Activity For July 25
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for ServiceNow (NYSE:NOW), with a large bearish position being taken. The overall sentiment of these big-money traders is split between 41% bullish and 58% bearish. The price of NOW is up 0.62% at $581.61. RBC Capital, JMP Securities, Barclays, Oppenheimer, and Baird have all maintained their Outperform rating on ServiceNow, with price targets ranging from $640 to $665.
July 25, 2023 | 2:46 pm
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ServiceNow has seen unusual options activity, with a large bearish position being taken. The stock price is up 0.62% at $581.61. Several firms have maintained their Outperform rating on the company.
The unusual options activity indicates that there is a significant amount of money betting on the stock's movement. However, the sentiment is split, with a slight lean towards bearish. This could potentially lead to increased volatility in the stock's price. Despite this, several firms have maintained their Outperform rating on the company, indicating a positive outlook.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100