ServiceNow Unusual Options Activity
Portfolio Pulse from Benzinga Insights
ServiceNow (NYSE:NOW) has seen unusual options activity, with a mix of bullish and bearish trades. The majority of the trades are puts, with a total amount of $391,905, and the remaining are calls, amounting to $129,660. Whales have been targeting a price range from $400.0 to $610.0 for ServiceNow over the last 3 months. Stifel and JMP Securities have downgraded their actions to Buy and Market Outperform respectively, with price targets of $640 and $665.
October 16, 2023 | 5:31 pm
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ServiceNow has seen unusual options activity, with a mix of bullish and bearish trades. Analysts have downgraded their actions but set high price targets.
The unusual options activity indicates increased interest in the stock, which could lead to increased volatility. The mixed sentiment of the trades suggests uncertainty about the stock's direction. The high price targets set by analysts, despite the downgrades, suggest they see potential for the stock's price to increase.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100