This Is What Whales Are Betting On ServiceNow
Portfolio Pulse from Benzinga Insights
Whales have shown a bearish stance on ServiceNow (NYSE:NOW), with options trading indicating a mix of bullish and bearish expectations. Notable trades include a range of puts and calls, targeting a price range from $300 to $1040. ServiceNow's current trading volume is 1,536,830, with a recent price drop of -2.39%, and an earnings announcement expected in 5 days.
April 19, 2024 | 8:45 pm
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ServiceNow has seen significant options trading activity, with a bearish sentiment overall despite some bullish trades. The stock recently dropped -2.39%, with an earnings announcement on the horizon.
The bearish sentiment among whales, combined with the recent price drop and the upcoming earnings announcement, suggests a negative short-term impact on ServiceNow's stock price. The mix of bullish and bearish trades indicates uncertainty, but the overall bearish stance and the price target range suggest that investors are preparing for potential downside.
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IMPORTANCE 90
RELEVANCE 100