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 majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is between $350.0 and $630.0. HSBC and JMP Securities have downgraded their actions on ServiceNow, with price targets of $704 and $665 respectively.
September 27, 2023 | 7:16 pm
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ServiceNow has seen a significant amount of unusual options activity, with a majority of investors taking a bearish stance. This, coupled with downgrades from HSBC and JMP Securities, could potentially impact the stock's short-term performance.
The bearish stance taken by a majority of investors in the unusual options activity, along with the downgrades from HSBC and JMP Securities, could potentially lead to a decrease in ServiceNow's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100