Spotlight on ServiceNow: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
ServiceNow (NYSE:NOW) has seen a surge in options activity, with financial giants making bullish moves. Analysis reveals 8 unusual trades, with 25% bullish and 12% bearish. The price window eyed is $650 to $1000. Current trading volume is 303,474, with the stock down by -2.01% at $723.7. Analysts have mixed ratings, with a consensus target price of $860.
May 28, 2024 | 2:31 pm
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ServiceNow has experienced a significant increase in options activity, with a notable bullish sentiment. The stock is currently trading at $723.7, down by -2.01%. Analysts have mixed ratings with a consensus target price of $860.
The surge in options activity, particularly the higher value of call options compared to puts, indicates a bullish sentiment among traders. Despite the current price drop, the consensus target price from analysts suggests potential upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100