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 60% of recent trades being bearish and 40% bullish. The total amount for puts is $174,820 and for calls is $299,400. Whales have been targeting a price range from $450.0 to $600.0 for ServiceNow over the last 3 months. The current price of NOW is down -1.78% at $568.24. HSBC has downgraded its action to Buy with a price target of $704.
September 19, 2023 | 4:46 pm
News sentiment analysis
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NEGATIVE IMPACT
ServiceNow (NYSE:NOW) has seen a bearish stance from a significant investor, with 60% of recent trades being bearish. The stock is currently down -1.78% at $568.24. HSBC has downgraded its action to Buy with a price target of $704.
The bearish stance taken by a significant investor, coupled with the current downward trend in the stock's price, could potentially lead to a further decrease in the short term. However, the downgrade by HSBC to Buy with a higher price target indicates a potential positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100