ServiceNow Unusual Options Activity For July 19
Portfolio Pulse from Benzinga Insights
ServiceNow (NYSE: NOW) has seen unusual options activity with a bearish sentiment dominating. Out of 14 unusual trades, 50% were bearish, and 28% were bullish. The stock is currently trading at $750.88, up by 1.64%. Analysts have mixed ratings with price targets ranging from $640 to $920. The next earnings report is due in 5 days.
July 19, 2024 | 5:34 pm
News sentiment analysis
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NEGATIVE IMPACT
ServiceNow has experienced unusual options activity with a bearish sentiment. The stock is currently trading at $750.88, up by 1.64%. Analysts have mixed ratings with price targets ranging from $640 to $920. The next earnings report is due in 5 days.
The unusual options activity with a bearish sentiment suggests that major market players expect a potential decline in ServiceNow's stock price. The mixed analyst ratings and the upcoming earnings report add to the uncertainty, making a short-term negative impact likely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100