Smart Money Is Betting Big In NOW Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing significant interest in ServiceNow (NYSE:NOW) options, with a notable increase in both call and put activities. The options activity suggests a potential price movement between $550 and $1180. Analysts have mixed ratings, but the consensus target price is $880.
July 02, 2024 | 6:30 pm
News sentiment analysis
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POSITIVE IMPACT
ServiceNow (NYSE:NOW) has seen a surge in options activity, indicating potential price movements. Analysts have mixed ratings but a consensus target price of $880.
The significant increase in options activity, particularly with a higher number of calls than puts, suggests bullish sentiment among investors. Analysts' mixed ratings but a high consensus target price further support potential upward movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100