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 unusual options activity. The sentiment among these big-money traders is 90% bearish. Whales have been targeting a price range from $320.0 to $790.0 for ServiceNow over the last 3 months. The price of NOW is currently up 0.9% at $559.0. Several financial firms have given their ratings and price targets for ServiceNow.
October 30, 2023 | 6:15 pm
News sentiment analysis
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ServiceNow (NYSE:NOW) has seen significant bearish options activity, indicating a potential downward trend. The stock is currently up 0.9% at $559.0.
The unusual options activity, with a 90% bearish sentiment, indicates that large investors are expecting the price of ServiceNow to decrease. This could lead to a downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100