Looking At ServiceNow's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for ServiceNow (NYSE:NOW), with a bearish stance taken by a whale investor. Of the 21 strange trades detected, 47% were bullish and 52% were bearish. The total amount for puts was $445,510 and for calls was $1,652,241. Whales have been targeting a price range from $400.0 to $660.0 for ServiceNow over the last 3 months. Several experts have maintained their positive ratings on ServiceNow, with price targets ranging from $600 to $700.
August 04, 2023 | 6:31 pm
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ServiceNow has seen unusual options activity, with a bearish stance taken by a whale investor. The company has maintained positive ratings from several experts, with price targets ranging from $600 to $700.
The unusual options activity, particularly the bearish stance taken by a whale investor, could potentially impact ServiceNow's stock price in the short term. However, the positive ratings and price targets from experts suggest a positive outlook for the company in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100