ServiceNow Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
ServiceNow (NYSE:NOW) has seen significant bearish options trading activity, with 40% of traders showing bearish tendencies. The stock is currently trading at $919.06, slightly down by 0.02%. An analyst from Needham downgraded its rating to Buy with a price target of $900. The anticipated earnings release is in 33 days.
September 20, 2024 | 4:17 pm
News sentiment analysis
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ServiceNow is experiencing bearish sentiment in options trading, with 40% of traders bearish. The stock is slightly down at $919.06. Needham downgraded its rating to Buy with a $900 target. Earnings are expected in 33 days.
The bearish sentiment in options trading, along with a downgrade from Needham, suggests a negative short-term outlook for ServiceNow. The stock's slight decline and the upcoming earnings release add to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100