Check Out What Whales Are Doing With NOW
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on ServiceNow (NYSE:NOW) by a large investor, as indicated by a large position in the company's options. The overall sentiment of these big-money traders is 30% bullish and 70% bearish. The whales have been targeting a price range from $290.0 to $610.0 for ServiceNow over the last 3 months. The price of NOW is up 1.48% at $577.97. RBC Capital, Barclays, and MoffettNathanson have maintained their Outperform rating on ServiceNow, while Guggenheim downgraded its action to Buy.
July 31, 2023 | 3:02 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
A large investor has taken a bearish stance on ServiceNow, with a sentiment of 70% bearish among big-money traders. The stock price is up 1.48% at $577.97.
The bearish stance taken by a large investor indicates a potential negative impact on the stock price. The sentiment among big-money traders is also predominantly bearish, which could further drive the price down. However, the stock price is currently up, indicating some positive sentiment in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100